Goodwill and Other Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by reportable segment were as follows:

In millions	December 31, 2020		Purchase Accounting Adjustments		Acquisitions		Foreign currency  translation/other		June 30, 2021
Consumer Solutions	$	1,580.5	$	(2.8)	$	29.3	$	(3.5)	$	1,603.5
Industrial & Flow Technologies	811.7		—		—		(13.1)		798.6
Total goodwill	$	2,392.2	$	(2.8)	$	29.3	$	(16.6)	$	2,402.1

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	June 30, 2021						December 31, 2020
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Customer relationships	$	470.1	$	(316.5)	$	153.6	$	435.9	$	(308.1)	$	127.8
Proprietary technology and patents	46.9		(30.9)		16.0		46.9		(29.4)		17.5
Total definite-life intangibles	517.0		(347.4)		169.6		482.8		(337.5)		145.3
Indefinite-life intangibles
Trade names	178.8		—		178.8		180.6		—		180.6
Total intangibles	$	695.8	$	(347.4)	$	348.4	$	663.4	$	(337.5)	$	325.9

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2021 and the next five years is as follows:

	Q3 - Q4
	2021		2022		2023		2024		2025		2026
Estimated amortization expense	$	12.2	$	17.7	$	15.5	$	15.0	$	15.0	$	13.7