Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for 2021 and 2020, by reportable business segment, were as follows:

	FMT		HST		FSDP		Total
	(In millions)
Goodwill	$	599.6	$	981.6	$	399.1	$	1,980.3
Accumulated goodwill impairment losses	(20.7)		(149.8)		(30.1)		(200.6)
Balance at January 1, 2020	578.9		831.8		369.0		1,779.7
Foreign currency translation	10.4		29.1		13.1		52.6
Acquisitions	60.4		—		1.1		61.5
Acquisition adjustments	—		1.8		—		1.8
Balance at December 31, 2020	649.7		862.7		383.2		1,895.6
Foreign currency translation	(10.7)		(15.7)		(11.0)		(37.4)
Acquisitions	42.4		267.6		—		310.0
Disposition of businesses	—		(0.1)		—		(0.1)
Acquisition adjustments	(0.4)		—		—		(0.4)
Balance at December 31, 2021	$	681.0	$	1,114.5	$	372.2	$	2,167.7

Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at December 31, 2021 and 2020:

	At December 31, 2021							At December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Net
			(In millions)							(In millions)
Amortized intangible assets:
Patents	$	3.2	$	(2.0)	$	1.2	10	$	3.0	$	(1.8)	$	1.2
Trade names	140.9		(72.4)		68.5		15	130.8		(72.7)		58.1
Customer relationships	495.9		(144.2)		351.7		13	318.4		(120.3)		198.1
Unpatented technology	143.8		(58.8)		85.0		13	122.3		(55.1)		67.2
Other	—		—		—		—	0.7		(0.6)		0.1
Total amortized intangible assets	783.8		(277.4)		506.4			575.2		(250.5)		324.7
Indefinite-lived intangible assets:
Banjo trade name	62.1		—		62.1			62.1		—		62.1
Akron Brass trade name	28.8		—		28.8			28.8		—		28.8
Total intangible assets	$	874.7	$	(277.4)	$	597.3		$	666.1	$	(250.5)	$	415.6