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Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill and other intangible assets, net of accumulated amortization, as of September 30, 2023 and December 31, 2022 are as follows (in millions):
September 30, 2023December 31, 2022
Goodwill$389.4 $386.2 
Other intangible assets, net517.7 524.4 
Total goodwill and other intangible assets, net$907.1 $910.6 
The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2023 and 2022 are as follows (in millions):
Off RoadOn RoadMarineTotal
Balance as of December 31, 2022$110.7 $48.4 $227.1 $386.2 
Goodwill acquired and related adjustments4.2 — — 4.2 
Currency translation effect on foreign goodwill balances(0.3)(0.7)— (1.0)
Balance as of September 30, 2023$114.6 $47.7 $227.1 $389.4 

Off RoadOn RoadMarineTotal
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)
Balance as of September 30, 2022$110.2 $42.4 $227.1 $379.7 
During 2020, the Company recorded impairment charges of $270.3 million related to goodwill of the Company’s Aftermarket reporting segment. As part of the Company’s segment reorganization in the second quarter of 2022, the Aftermarket segment was eliminated and historical goodwill impairments of $60.8 million and $20.3 million were allocated to the Off Road and On Road segments, respectively, on a relative fair value basis. The goodwill amounts above are shown net of these impairment charges.
The components of other intangible assets were as follows ($ in millions):
September 30, 2023December 31, 2022
Weighted-average useful life (years)CostAccumulated amortizationNetCostAccumulated amortizationNet
Definite-life intangibles
Dealer/customer related19$341.6 $(93.2)$248.4 $341.7 $(80.0)$261.7 
Indefinite-life intangibles
Brand/trade names269.3 — 269.3 262.7 — 262.7 
Total other intangible assets, net$610.9 $(93.2)$517.7 $604.4 $(80.0)$524.4 
Amortization expense for intangible assets was $4.4 million and $4.5 million for the three months ended September 30, 2023 and 2022, respectively, and $13.3 million and $14.3 million for the nine months ended September 30, 2023 and 2022, respectively. Estimated future amortization expense for identifiable intangible assets during the next five years is as follows (in millions):
Remainder 202320242025202620272028
Estimated amortization expense$4.4 $17.7 $17.7 $17.7 $17.7 $17.7 
The preceding expected amortization expense is an estimate and actual amounts could differ due to additional intangible asset acquisitions, changes in foreign currency rates or impairments of intangible assets.