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Goodwill and Other Identifiable Intangible Assets
6 Months Ended
Jun. 30, 2022
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,
2021
Purchase
Accounting
Adjustments
Foreign 
currency 
translation
June 30,
2022
Consumer Solutions$1,722.5 $1.4 $(10.8)$1,713.1 
Industrial & Flow Technologies782.0 0.5 (40.8)741.7 
Total goodwill$2,504.5 $1.9 $(51.6)$2,454.8 
Identifiable intangible assets consisted of the following:
 June 30,
2022
December 31,
2021
In millionsCostAccumulated
amortization
NetCostAccumulated
amortization
Net
Definite-life intangibles
Customer relationships$546.4 $(320.8)$225.6 $558.8 $(320.1)$238.7 
Proprietary technology and patents45.4 (32.9)12.5 46.3 (32.1)14.2 
Total definite-life intangibles591.8 (353.7)238.1 605.1 (352.2)252.9 
Indefinite-life intangibles
Trade names169.7 — 169.7 175.1 — 175.1 
Total intangibles$761.5 $(353.7)$407.8 $780.2 $(352.2)$428.0 
Identifiable intangible asset amortization expense was $6.3 million for both the three months ended June 30, 2022 and 2021 and $12.9 million and $13.4 million for the six months ended June 30, 2022 and 2021, respectively.
Estimated future amortization expense for identifiable intangible assets during the remainder of 2022 and the next five years is as follows:
 Q3-Q4     
202220232024202520262027
Estimated amortization expense$10.5 $20.7 $20.3 $20.3 $19.0 $17.7