Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill and other intangible assets

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

	2022		2021
Goodwill	$	386.2	$	391.3
Other intangible assets, net	524.4		543.9
Total goodwill and other intangible assets, net	$	910.6	$	935.2

Schedule of changes in carrying amount of goodwill

There were no material additions to goodwill and other intangible assets in 2022 and 2021. The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2022 and 2021 were as follows (in

millions):

	Off Road		On Road		Marine		Total
Balance as of December 31, 2020	$	111.6	$	58.6	$	227.1	$	397.3
Currency translation effect on foreign goodwill balances	0.1		(6.1)		—		(6.0)
Balance as of December 31, 2021	$	111.7	$	52.5	$	227.1	$	391.3
Currency translation effect on foreign goodwill balances	(1.0)		(4.1)		—		(5.1)
Balance as of December 31, 2022	$	110.7	$	48.4	$	227.1	$	386.2

Schedule of other intangible assets, changes in net carrying amount

For other intangible assets, the changes in the net carrying amount for the years ended December 31, 2022 and 2021 are as follows (in millions):

	2022				2021
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Other intangible assets, beginning	$	618.7	$	(74.8)	$	645.7	$	(72.6)
Intangible assets disposed of during the period	(13.4)		13.4		(25.8)		20.7
Amortization expense	—		(18.8)		—		(22.9)
Currency translation effect on foreign balances	(0.9)		0.2		(1.2)		—
Other intangible assets, ending	$	604.4	$	(80.0)	$	618.7	$	(74.8)

Schedule of components of other intangible assets

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

December 31, 2022	Weighted-average useful life (years)	Gross Carrying Amount		Accumulated Amortization		Net
Dealer/customer related	19	341.7		(80.0)		261.7
Total amortizable	19	341.7		(80.0)		261.7
Non-amortizable—brand/trade names		262.7		—		262.7
Total other intangible assets, net		$	604.4	$	(80.0)	$	524.4
December 31, 2021	Weighted-average useful life (years)	Gross Carrying Amount		Accumulated Amortization		Net
Non-compete agreements	4	$	2.6	$	(2.3)	$	0.3
Dealer/customer related	19	349.7		(69.7)		280.0
Developed technology	7	2.9		(2.8)		0.1
Total amortizable	19	355.2		(74.8)		280.4
Non-amortizable—brand/trade names		263.5		—		263.5
Total other intangible assets, net		$	618.7	$	(74.8)	$	543.9