Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

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

	2023		2022
Goodwill	$	394.4	$	386.2
Other intangible assets, net	512.0		524.4
Total goodwill and other intangible assets, net	$	906.4	$	910.6

Schedule of changes in carrying amount of goodwill

The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2023 and 2022 were as follows (in millions):

	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	(1.0)		(4.1)		—		(5.1)
Balance as of December 31, 2022	$	110.7	$	48.4	$	227.1	$	386.2
Goodwill acquired	5.8		—		—		5.8
Currency translation effect on foreign goodwill balances	0.1		2.3		—		2.4
Balance as of December 31, 2023	$	116.6	$	50.7	$	227.1	$	394.4

Schedule of other intangible assets, changes in net carrying amount

The changes in the net carrying amount of other intangible assets for the years ended December 31, 2023 and 2022 were as follows (in millions):

	2023				2022
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Other intangible assets, beginning	$	604.4	$	(80.0)	$	618.7	$	(74.8)
Other intangible assets acquired	4.9		—		—		—
Other intangible assets disposed of	(0.5)		0.5		(13.4)		13.4
Amortization expense	—		(17.7)		—		(18.8)
Currency translation effect on foreign balances	0.4		—		(0.9)		0.2
Other intangible assets, ending	$	609.2	$	(97.2)	$	604.4	$	(80.0)

Schedule of components of other intangible assets

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

December 31, 2023	Weighted-average useful life (years)	Gross Carrying Amount		Accumulated Amortization		Net
Amortizable - dealer/customer related	19	341.2		(97.2)		244.0
Non-amortizable - brand/trade names		268.0		—		268.0
Total other intangible assets, net		$	609.2	$	(97.2)	$	512.0
December 31, 2022	Weighted-average useful life (years)	Gross Carrying Amount		Accumulated Amortization		Net
Amortizable - dealer/customer related	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