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Goodwill and Other Identifiable Intangible Assets
3 Months Ended
Mar. 31, 2021
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 millionsDecember 31,
2020
Purchase Accounting AdjustmentsForeign currency 
translation/other 
March 31,
2021
Consumer Solutions$1,580.5 $1.5 $(5.1)$1,576.9 
Industrial & Flow Technologies811.7 — (21.4)790.3 
Total goodwill$2,392.2 $1.5 $(26.5)$2,367.2 
Identifiable intangible assets consisted of the following:
 March 31,
2021
December 31,
2020
In millionsCostAccumulated
amortization
NetCostAccumulated
amortization
Net
Definite-life intangibles
Customer relationships$430.3 $(309.4)$120.9 $435.9 $(308.1)$127.8 
Proprietary technology and patents46.8 (30.0)16.8 46.9 (29.4)17.5 
Total definite-life intangibles477.1 (339.4)137.7 482.8 (337.5)145.3 
Indefinite-life intangibles
Trade names177.8 — 177.8 180.6 — 180.6 
Total intangibles$654.9 $(339.4)$315.5 $663.4 $(337.5)$325.9 
Identifiable intangible asset amortization expense was $7.1 million and $7.6 million for the three months ended March 31, 2021 and 2020, respectively.
Estimated future amortization expense for identifiable intangible assets during the remainder of 2021 and the next five years is as follows:
 Q2 - Q4     
In millions202120222023202420252026
Estimated amortization expense$16.7 $16.0 $13.7 $13.2 $13.2 $11.9