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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets and goodwill
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 
Schedule of changes in carrying amount of goodwill
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 $658.4 
Schedule of components of other intangible assets
The components of other intangible assets were as follows ($ 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