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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
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, 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 
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, 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 $379.7 
Schedule of components of other intangible assets
The components of other intangible assets were as follows ($ 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 
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):
Remainder 202320242025202620272028
Estimated amortization expense$4.4 $17.7 $17.7 $17.7 $17.7 $17.7