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	(0.7		)	—			(5.1		)	(22.2		)	(9.8		)	(37.8		)
Balance at June 30, 2013, gross	139.2			438.8			228.8			710.6			194.9			1,712.3
Accumulated impairment	(38.6		)	(438.8		)	(4.2		)	—			(23.2		)	(504.8		)
Balance at June 30, 2013, net	$	100.6		$	—		$	224.6		$	710.6		$	171.7		$	1,207.5


(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 June 30, 2013 and December 31, 2012 (in millions):



		June 30, 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	$	87.9	$	44.5	$	43.4	$	87.9	$	36.5	$	51.4
Customer Relationships	15	346.6		89.4		257.2		353.5		78.9		274.6
Land Use Rights	57	18.2		1.3		16.9		17.0		1.1		15.9
Other	7	51.9		39.3		12.6		51.9		38.1		13.8
Total definite-lived intangible assets		$	504.6	$	174.5	$	330.1	$	510.3	$	154.6	$	355.7

Indefinite-lived intangible assets:
Tradenames		$	117.1					$	118.7
Total indefinite-lived intangible assets		$	117.1					$	118.7



	Three Months Ended June 30,			Six Months Ended June 30,
(in millions)	2013		2012	2013		2012
Aggregate Amortization Expense	$	11.3	10.8	$	21.9	21.7

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