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Goodwill and Other Identifiable Intangible Assets
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Identifiable Intangible Assets
Goodwill and Other Identifiable Intangible Assets
The changes in the carrying amount of goodwill by reportable segment were as follows:
In millions
December 31,
2019
Purchase Accounting Adjustments
Acquisitions
Foreign currency 
translation/other 
March 31,
2020
Consumer Solutions
$
1,501.4

$
14.4

$
6.3

$
(2.9
)
$
1,519.2

Industrial & Flow Technologies
756.9



(19.3
)
737.6

Total goodwill
$
2,258.3

$
14.4

$
6.3

$
(22.2
)
$
2,256.8


Identifiable intangible assets consisted of the following:
 
March 31,
2020
 
December 31,
2019
In millions
Cost
Accumulated
amortization
Net
 
Cost
Accumulated
amortization
Net
Definite-life intangibles
 
 
 
 
 
 
 
Customer relationships
$
410.3

$
(271.4
)
$
138.9

 
$
418.1

$
(269.1
)
$
149.0

Proprietary technology and patents
41.7

(25.7
)
16.0

 
42.3

(25.5
)
16.8

Total definite-life intangibles
452.0

(297.1
)
154.9

 
460.4

(294.6
)
165.8

Indefinite-life intangibles
 
 
 
 
 
 
 
Trade names
171.6


171.6

 
173.4


173.4

Total intangibles
$
623.6

$
(297.1
)
$
326.5

 
$
633.8

$
(294.6
)
$
339.2


Identifiable intangible asset amortization expense was $7.6 million and $8.2 million for the three months ended March 31, 2020 and 2019, respectively.
Estimated future amortization expense for identifiable intangible assets during the remainder of 2020 and the next five years is as follows:
 
Q2-Q4
 
 
 
 
 
In millions
2020
2021
2022
2023
2024
2025
Estimated amortization expense
$
19.6

$
22.0

$
15.4

$
12.8

$
12.3

$
12.3