XML 83 R40.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Other Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in the carrying amount of goodwill
The changes in the carrying amount of goodwill, net by segment follows:
(in millions)CCMCITCFT
CBF (1)
Total
Net balance as of December 31, 2017$544.3  $640.3  $171.0  $96.5  $1,452.1  
Goodwill acquired during year (2), (3)
2.8  2.7  —   —  5.5  
Measurement period adjustments(12.0) —  —   —  (12.0) 
Currency translation and other(2.3) 0.1  (1.5) (0.1) (3.8) 
Net balance as of December 31, 2018$532.8  $643.1  $169.5   $96.4  $1,441.8  
Goodwill acquired during year (2), (3)
64.3  194.1  16.1   —  274.5  
Measurement period adjustments0.5  (1.9) 1.6   —  0.2  
Currency translation and other(0.5) (0.1) 0.3  0.1  (0.2) 
Net balance as of December 31, 2019$597.1  $835.2  $187.5   $96.5  $1,716.3  
(1)CBF goodwill is presented net of accumulated impairment losses of $130.0 million recorded in prior periods. No other segments have incurred impairment losses.
(2)See Note 3 for further information on goodwill resulting from recent acquisitions.
(3)In addition to the acquisitions disclosed in Note 3, the Company acquired five businesses for an aggregate purchase price of $42.4 million during 2019. During 2018, the Company acquired three businesses for an aggregate purchase price of $20.1 million.
Summary of other intangible assets, net
Other Intangible Assets, net
December 31, 2019December 31, 2018
(in millions)Acquired CostAccumulated AmortizationNet Book ValueAcquired CostAccumulated AmortizationNet Book Value
Assets subject to amortization:   
Customer relationships$1,054.4  $(354.9) $699.5  $843.8  $(287.7) $556.1  
Technology and intellectual property
304.1  (167.0) 137.1  268.8  (129.3) 139.5  
Trade names and other100.0  (38.7) 61.3  45.4  (16.4) 29.0  
Assets not subject to amortization:      
Trade names242.7  —  242.7  243.1  —  243.1  
Other intangible assets, net$1,701.2  $(560.6) $1,140.6  $1,401.1  $(433.4) $967.7  
Schedule of intangible assets subject to amortization
The remaining weighted-average amortization period of intangible assets subject to amortization as of December 31, 2019, follows (in years):
Customer relationships10.0
Technology and intellectual property6.1
Trade names and other11.3
Total assets subject to amortization9.5
Schedule of estimated future amortization expense
Intangible assets subject to amortization as of December 31, 2019, will be amortized as follows:
(in millions)20202021202220232024Thereafter
Estimated future amortization expense
$122.5  $115.0  $98.8  $93.2  $84.1  $384.3  
Summary of the net book values of other intangible assets, net by reportable segment
The net carrying values of the Company’s other intangible assets, net by reportable segment follows:
(in millions)December 31, 2019December 31, 2018
Carlisle Construction Materials$345.3  $285.3  
Carlisle Interconnect Technologies441.0  313.4  
Carlisle Fluid Technologies272.8  280.9  
Carlisle Brake & Friction80.2  86.6  
Corporate1.3  1.5  
Total$1,140.6  $967.7