Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Change in Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2023 and 2022 are as follows:

	December 31, 2023
(In millions)	Beginning Balance		Acquisitions/ Dispositions(a)	Currency	Ending Balance
Goodwill:
North America	$	477.5	—	0.2	477.7
Latin America	220.3		—	10.5	230.8
Europe	351.1		1.9	11.9	364.9
Rest of World	402.0		(0.5)	(1.1)	400.4
Total Goodwill	$	1,450.9	1.4	21.5	1,473.8

(a)Includes adjustments related to the finalization of valuations in prior year acquisitions ($1.9 million increase in Europe).

	December 31, 2022
(In millions)	Beginning Balance		Acquisitions/ Dispositions(a)	Currency	Ending Balance
Goodwill:
North America	$	474.9	3.1	(0.5)	477.5
Latin America	214.1		2.7	3.5	220.3
Europe	302.5		61.3	(12.7)	351.1
Rest of World	420.2		(0.1)	(18.1)	402.0
Total Goodwill	$	1,411.7	67.0	(27.8)	1,450.9

(a)Includes adjustments related to the finalization of valuations in prior year acquisitions ($0.8 million decrease in North America and $0.1 million decrease in Rest of World ).

Schedule of Intangible Assets and Goodwill

The following table summarizes our other intangible assets by category:

	December 31, 2023				December 31, 2022
(In millions)	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Weighted-average amortization period
Customer relationships	$	648.0	(238.9)	409.1	$	639.2	(187.6)	451.6	9.2
Indefinite-lived trade names	9.1		—	9.1	7.9		—	7.9	—
Finite-lived trade names	40.3		(22.5)	17.8	38.9		(16.3)	22.6	3.1
Developed technology	65.3		(13.0)	52.3	60.7		(7.4)	53.3	8.7
Other	4.3		(4.3)	—	4.2		(4.1)	0.1	—
Total	$	767.0	(278.7)	488.3	$	750.9	(215.4)	535.5

Schedule of Expected Amortization Expense

Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2023, for the next five years is as follows:

(In millions)	2024		2025	2026	2027	2028
Amortization expense	$	54.8	54.2	51.9	49.1	46.1