Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets and goodwill

Goodwill and other intangible assets, net of accumulated amortization, as of September 30, 2022 and December 31, 2021 are as follows (in millions):

	September 30, 2022		December 31, 2021
Goodwill	$	379.7	$	391.3
Other intangible assets, net	527.9		543.9
Total goodwill and other intangible assets, net	$	907.6	$	935.2

Schedule of changes in carrying amount of goodwill

The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2022 and 2021 are as follows (in millions):

	Off-Road		On-Road		Marine		Total
Goodwill	172.5		72.8		227.1		$	472.4
Accumulated goodwill impairment losses	(60.8)		(20.3)		—		(81.1)
Balance as of December 31, 2021	$	111.7	$	52.5	$	227.1	$	391.3
Currency translation effect on foreign goodwill balances	(1.5)		(10.1)		—		(11.6)
Goodwill	171.0		62.7		227.1		460.8
Accumulated goodwill impairment losses	(60.8)		(20.3)		—		(81.1)
Balance as of September 30, 2022	$	110.2	$	42.4	$	227.1	$	379.7

	Off-Road		On-Road		Marine		Total
Goodwill	172.4		78.9		227.1		$	478.4
Accumulated goodwill impairment losses	(60.8)		(20.3)		—		(81.1)
Balance as of December 31, 2020	$	111.6	$	58.6	$	227.1	$	397.3
Currency translation effect on foreign goodwill balances	—		(4.1)		—		(4.1)
Goodwill	172.4		74.8		227.1		474.3
Accumulated goodwill impairment losses	(60.8)		(20.3)		—		(81.1)
Balance as of September 30, 2021	$	111.6	$	54.5	$	227.1	$	393.2

Schedule of components of other intangible assets

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

	Weighted-average useful life (years)	September 30, 2022		December 31, 2021
Non-amortizable—indefinite lived:
Brand/trade names		$	261.7	$	263.5
Amortizable:
Non-compete agreements		—		2.6
Dealer/customer related	19	344.3		349.7
Developed technology	7	0.7		2.9
Total amortizable	19	345.0		355.2
Less: Accumulated amortization		(78.8)		(74.8)
Net amortized other intangible assets		266.2		280.4
Total other intangible assets, net		$	527.9	$	543.9