GOODWILL AND INTANGIBLE ASSETS, NET

An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):



	Aerial Work Platforms			Construction			Cranes			Materials Handling & Port Solutions			Materials Processing			Total
Balance at December 31, 2009, gross	$	150.7		$	438.8		$	201.4		$	22.7		$	202.3		$	1,015.9
Accumulated impairment	(42.8		)	(438.8		)	—			—			(23.2		)	(504.8		)
Balance at December 31, 2009, net	107.9			—			201.4			22.7			179.1			511.1
Acquisitions	—			—			2.8			—			—			2.8
Foreign exchange effect and other	(1.1		)	—			(13.0		)	(1.5		)	(5.4		)	(21.0		)
Balance at December 31, 2010, gross	149.6			438.8			191.2			21.2			196.9			997.7
Accumulated impairment	(42.8		)	(438.8		)	—			—			(23.2		)	(504.8		)
Balance at December 31, 2010, net	106.8			—			191.2			21.2			173.7			492.9
Acquisitions	6.2			—			—			821.5			1.8			829.5
Foreign exchange effect and other	(1.1		)	—			(5.7		)	(82.0		)	(0.7		)	(89.5		)
Balance at December 31, 2011, gross	154.7			438.8			185.5			760.7			198.0			1,737.7
Accumulated impairment	(42.8		)	(438.8		)	—			—			(23.2		)	(504.8		)
Balance at December 31, 2011, net	$	111.9		$	—		$	185.5		$	760.7		$	174.8		$	1,232.9

Intangible assets, net were comprised of the following as of December 31, 2011 and 2010 (in millions):



		December 31, 2011						December 31, 2010
	Weighted Average Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets:
Technology	9	$	67.9	$	17.4	$	50.5	$	33.4	$	10.2	$	23.2
Customer Relationships	15	365.8		56.0		309.8		128.7		41.7		87.0
Land Use Rights	45	25.9		3.5		22.4		22.5		2.6		19.9
Other	6	64.5		44.5		20.0		52.5		42.2		10.3
Total definite-lived intangible assets		$	524.1	$	121.4	$	402.7	$	237.1	$	96.7	$	140.4

Indefinite-lived intangible assets:
Tradenames		$	116.8
Total indefinite-lived intangible assets		$	116.8



	For the Year Ended December 31,
(in millions)	2011		2010		2009
Aggregate Amortization Expense	$	28.9	$	18.3	$	16.8

Estimated aggregate intangible asset amortization expense (in millions) for the next five years is as follows: