GOODWILL AND INTANGIBLE ASSETS, NET

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



	AWP			Construction			Cranes			MHPS			MP			Total
Balance at December 31, 2012, gross	$	139.9		$	438.8		$	233.9		$	732.8		$	204.7		$	1,750.1
Accumulated impairment	(38.6		)	(438.8		)	(4.2		)	—			(23.2		)	(504.8		)
Balance at December 31, 2012, net ⁽¹⁾	101.3			—			229.7			732.8			181.5			1,245.3
Foreign exchange effect and other	(1.0		)	—			(3.5		)	(10.1		)	(9.9		)	(24.5		)
Balance at March 31, 2013, gross	138.9			438.8			230.4			722.7			194.8			1,725.6
Accumulated impairment	(38.6		)	(438.8		)	(4.2		)	—			(23.2		)	(504.8		)
Balance at March 31, 2013, net	$	100.3		$	—		$	226.2		$	722.7		$	171.6		$	1,220.8


(1)	Includes a $10.8 million net reclassification of goodwill from AWP to Cranes and a net $20.5 million reclassification from MHPS to Cranes related to segment realignment. See Note A – “Basis of Presentation.”

Intangible assets, net were comprised of the following as of March 31, 2013 and December 31, 2012 (in millions):



		March 31, 2013						December 31, 2012
	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	8	$	86.4	$	39.5	$	46.9	$	87.9	$	36.5	$	51.4
Customer Relationships	15	348.1		83.6		264.5		353.5		78.9		274.6
Land Use Rights	57	18.4		1.2		17.2		17.0		1.1		15.9
Other	7	49.6		37.1		12.5		51.9		38.1		13.8
Total definite-lived intangible assets		$	502.5	$	161.4	$	341.1	$	510.3	$	154.6	$	355.7

Indefinite-lived intangible assets:
Tradenames		$	115.5					$	118.7
Total indefinite-lived intangible assets		$	115.5					$	118.7



	Three Months Ended March 31,
(in millions)	2013		2012
Aggregate Amortization Expense	$	10.6	$	10.9

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