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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill and other intangible assets, net of accumulated amortization, at March 31, 2021 and December 31, 2020 are as follows (in millions):
March 31, 2021December 31, 2020
Goodwill$393.7 $397.3 
Other intangible assets, net677.1 686.4 
Total goodwill and other intangible assets, net$1,070.8 $1,083.7 
The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2021 and 2020 are as follows (in millions):
ORV/SnowmobilesMotorcyclesGlobal Adjacent MarketsAftermarketBoatsTotal Polaris
Goodwill72.9 5.2 92.1 270.3 227.1 $667.6 
Accumulated goodwill impairment losses— — — (270.3)— (270.3)
Balance as of December 31, 2020$72.9 $5.2 $92.1 $— $227.1 $397.3 
Currency translation effect on foreign goodwill balances(0.1)— (3.5)— — (3.6)
Goodwill72.8 5.2 88.6 270.3 227.1 664.0 
Accumulated goodwill impairment losses— — — (270.3)— (270.3)
Balance as of March 31, 2021$72.8 $5.2 $88.6 $— $227.1 $393.7 
ORV/SnowmobilesMotorcyclesGlobal Adjacent MarketsAftermarketBoatsTotal Polaris
Goodwill72.0 5.2 85.2 270.4 227.1 $659.9 
Accumulated goodwill impairment losses— — — — — — 
Balance as of December 31, 2019$72.0 $5.2 $85.2 $270.4 $227.1 $659.9 
Currency translation effect on foreign goodwill balances(0.5)— (0.9)(0.1)— (1.5)
Goodwill71.5 5.2 84.3 270.3 227.1 658.4 
Accumulated goodwill impairment losses— — — — — — 
Balance as of March 31, 2020$71.5 $5.2 $84.3 $270.3 $227.1 $658.4 
The components of other intangible assets were as follows ($ in millions):
Weighted-average useful life (years)March 31, 2021December 31, 2020
Non-amortizable—indefinite lived:
Brand/trade names$333.7 $334.3 
Amortizable:
Non-compete agreements42.6 2.6 
Dealer/customer related17460.3 460.3 
Developed technology59.8 9.9 
Total amortizable16472.7 472.8 
Less: Accumulated amortization(129.3)(120.7)
Net amortized other intangible assets343.4 352.1 
Total other intangible assets, net$677.1 $686.4 
Amortization expense for intangible assets was $8.7 million and $10.0 million for the three months ended March 31, 2021 and 2020, respectively. Estimated amortization expense for the remainder of 2021 through 2026 is as follows: 2021 (remainder), $24.6 million; 2022, $28.3 million; 2023, $25.7 million; 2024, $25.0 million; 2025, $25.0 million; 2026, $23.8 million; and after 2026, $191.0 million. The preceding expected amortization expense is an estimate and actual amounts could differ due to additional intangible asset acquisitions, changes in foreign currency rates or impairments of intangible assets.