Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets and goodwill

Goodwill and other intangible assets, net of accumulated amortization, at September 30, 2020 and December 31, 2019 are as follows (in millions):

	September 30, 2020		December 31, 2019
Goodwill	$	392.9	$	659.9
Other intangible assets, net	694.4		830.3
Total goodwill and other intangible assets, net	$	1,087.3	$	1,490.2

Schedule of changes in carrying amount of goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2020 were as follows (in millions):

	Nine months ended September 30, 2020
Goodwill, beginning of period	$	659.9
Goodwill impairment	(270.3)
Currency translation effect on foreign goodwill balances	3.3
Goodwill, end of period	$	392.9

Schedule of components of other intangible assets

The components of other intangible assets were as follows ($ in millions):

	Total estimated life (years)	September 30, 2020		December 31, 2019
Non-amortizable—indefinite lived:
Brand/trade names		$	333.7	$	442.0
Amortizable:
Non-compete agreements	4	2.6		2.6
Dealer/customer related	5-20	460.1		499.5
Developed technology	5-7	9.8		12.7
Total amortizable		472.5		514.8
Less: Accumulated amortization		(111.8)		(126.5)
Net amortized other intangible assets		360.7		388.3
Total other intangible assets, net		$	694.4	$	830.3