Goodwill and Other Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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		June 30, 2022
Consumer Solutions	$	1,722.5	$	1.4	$	(10.8)	$	1,713.1
Industrial & Flow Technologies	782.0		0.5		(40.8)		741.7
Total goodwill	$	2,504.5	$	1.9	$	(51.6)	$	2,454.8

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	June 30, 2022						December 31, 2021
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Customer relationships	$	546.4	$	(320.8)	$	225.6	$	558.8	$	(320.1)	$	238.7
Proprietary technology and patents	45.4		(32.9)		12.5		46.3		(32.1)		14.2
Total definite-life intangibles	591.8		(353.7)		238.1		605.1		(352.2)		252.9
Indefinite-life intangibles
Trade names	169.7		—		169.7		175.1		—		175.1
Total intangibles	$	761.5	$	(353.7)	$	407.8	$	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:

	Q3-Q4
	2022		2023		2024		2025		2026		2027
Estimated amortization expense	$	10.5	$	20.7	$	20.3	$	20.3	$	19.0	$	17.7