Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and December 31, 2022 are as follows (in millions):

	March 31, 2023		December 31, 2022
Goodwill	$	387.5	$	386.2
Other intangible assets, net	520.2		524.4
Total goodwill and other intangible assets, net	$	907.7	$	910.6

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, 2023 and 2022 are as follows (in millions):

	Off Road		On Road		Marine		Total
Balance as of December 31, 2022	$	110.7	$	48.4	$	227.1	$	386.2
Currency translation effect on foreign goodwill balances	0.1		1.2		—		1.3
Balance as of March 31, 2023	$	110.8	$	49.6	$	227.1	$	387.5

	Off Road		On Road		Marine		Total
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)
Balance as of March 31, 2022	$	111.9	$	51.3	$	227.1	$	390.3

Schedule of components of other intangible assets

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

		March 31, 2023						December 31, 2022
	Weighted-average useful life (years)	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Dealer/customer related	19	$	341.7	$	(84.4)	$	257.3	$	341.7	$	(80.0)	$	261.7
Indefinite-life intangibles
Brand/trade names		262.9		—		262.9		262.7		—		262.7
Total other intangible assets, net		$	604.6	$	(84.4)	$	520.2	$	604.4	$	(80.0)	$	524.4

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated future amortization expense for identifiable intangible assets during the next five years is as follows (in millions):

	Q2-Q4 2023		2024		2025		2026		2027		2028
Estimated amortization expense	$	13.3	$	17.7	$	17.7	$	17.7	$	17.7	$	17.7