Goodwill and Other Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

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, 2021		Purchase Accounting Adjustments		Foreign  currency  translation		March 31, 2022
Consumer Solutions	$	1,722.5	$	1.0	$	(3.4)	$	1,720.1
Industrial & Flow Technologies	782.0		0.4		(9.1)		773.3
Total goodwill	$	2,504.5	$	1.4	$	(12.5)	$	2,493.4

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	March 31, 2022						December 31, 2021
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Customer relationships	$	556.8	$	(323.7)	$	233.1	$	558.8	$	(320.1)	$	238.7
Proprietary technology and patents	46.1		(32.7)		13.4		46.3		(32.1)		14.2
Total definite-life intangibles	602.9		(356.4)		246.5		605.1		(352.2)		252.9
Indefinite-life intangibles
Trade names	173.5		—		173.5		175.1		—		175.1
Total intangibles	$	776.4	$	(356.4)	$	420.0	$	780.2	$	(352.2)	$	428.0

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2022 and the next five years is as follows:

	Q2-Q4
	2022		2023		2024		2025		2026		2027
Estimated amortization expense	$	16.8	$	21.0	$	20.5	$	20.5	$	19.2	$	17.9