XML 24 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Other Intangibles
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles Goodwill and Other Intangibles
Changes in the carrying amount of goodwill were as follows:

Metal
Containers
ClosuresPlastic
Containers
Total
(Dollars in thousands)
Balance at December 31, 2019$113,463 $801,776 $226,984 $1,142,223 
Acquisitions— 520,946 — 520,946 
Currency translation2,217 37,511 (434)39,294 
Balance at September 30, 2020$115,680 $1,360,233 $226,550 $1,702,463 
In connection with our acquisitions of Cobra Plastics and the Albéa Dispensing Business as discussed in Note 3, we recognized goodwill of $521.0 million.
The components of other intangible assets, net were as follows:

Sept. 30, 2020Dec. 31, 2019
Gross AmountAccumulated AmortizationGross AmountAccumulated Amortization
(Dollars in thousands)
Definite-lived intangibles:
Customer relationships$696,003 $(136,583)$422,042 $(116,575)
Other70,766 (29,070)39,447 (22,439)
766,769 (165,653)461,489 (139,014)
Indefinite-lived intangibles:
Trade names32,140 — 32,140 — 
$798,909 $(165,653)$493,629 $(139,014)
In connection with our acquisitions of Cobra Plastics and the Albéa Dispensing Business as discussed in Note 3, we recognized intangible assets for customer relationships of $268.5 million and technology know-how of $28.0 million.
Amortization expense was $10.4 million and $25.4 million for the three and nine months ended September 30, 2020, respectively, and $6.7 million and $20.4 million for the three and nine months ended September 30, 2019, respectively. Amortization expense is expected to be $35.9 million, $40.7 million, $39.9 million, $39.9 million and $38.3 million for the years ended December 31, 2020 through 2024, respectively.