Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets and goodwill

Goodwill and other intangible assets, net of accumulated amortization, as of March 31, 2022 and December 31, 2021 are as follows (in millions):

	March 31, 2022		December 31, 2021
Goodwill	$	390.3	$	391.3
Other intangible assets, net	639.1		646.2
Total goodwill and other intangible assets, net	$	1,029.4	$	1,037.5

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, 2022 and 2021 are as follows (in millions):

	Off-Road		On-Road		Marine		Aftermarket		Total
Goodwill	111.7		52.5		227.1		270.3		$	661.6
Accumulated goodwill impairment losses	—		—		—		(270.3)		(270.3)
Balance as of December 31, 2021	$	111.7	$	52.5	$	227.1	$	—	$	391.3
Currency translation effect on foreign goodwill balances	0.2		(1.2)		—		—		(1.0)
Goodwill	111.9		51.3		227.1		270.3		660.6
Accumulated goodwill impairment losses	—		—		—		(270.3)		(270.3)
Balance as of March 31, 2022	$	111.9	$	51.3	$	227.1	$	—	$	390.3

	Off-Road		On-Road		Marine		Aftermarket		Total
Goodwill	111.6		58.6		227.1		270.3		$	667.6
Accumulated goodwill impairment losses	—		—		—		(270.3)		(270.3)
Balance as of December 31, 2020	$	111.6	$	58.6	$	227.1	$	—	$	397.3
Currency translation effect on foreign goodwill balances	(0.1)		(3.5)		—		—		(3.6)
Goodwill	111.5		55.1		227.1		270.3		664.0
Accumulated goodwill impairment losses	—		—		—		(270.3)		(270.3)
Balance as of March 31, 2021	$	111.5	$	55.1	$	227.1	$	—	$	393.7

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, 2022		December 31, 2021
Non-amortizable—indefinite lived:
Brand/trade names		$	329.8	$	330.1
Amortizable:
Non-compete agreements	4	2.6		2.6
Dealer/customer related	18	424.1		437.6
Developed technology	7	2.9		9.9
Total amortizable	17	429.6		450.1
Less: Accumulated amortization		(120.3)		(134.0)
Net amortized other intangible assets		309.3		316.1
Total other intangible assets, net		$	639.1	$	646.2