GOODWILL AND INTANGIBLE ASSETS, NET

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



	AWP			Construction (2)			Cranes			MHPS			MP			Total
Balance at December 31, 2011, gross	$	139.7		$	274.4		$	221.0		$	740.2		$	198.0		$	1,573.3
Accumulated impairment	(38.6		)	(274.4		)	(4.2		)	—			(23.2		)	(340.4		)
Balance at December 31, 2011, net (1)	101.1			—			216.8			740.2			174.8			1,232.9
Acquisitions	0.2			—			15.5			(4.1		)	—			11.6
Change in control of joint venture	—			—			(4.6		)	—			—			(4.6		)
Foreign exchange effect and other	—			—			2.0			(3.3		)	6.7			5.4
Balance at December 31, 2012, gross	139.9			274.4			233.9			732.8			204.7			1,585.7
Accumulated impairment	(38.6		)	(274.4		)	(4.2		)	—			(23.2		)	(340.4		)
Balance at December 31, 2012, net	101.3			—			229.7			732.8			181.5			1,245.3
Foreign exchange effect and other	0.7			—			2.0			(5.3		)	2.9			0.3
Balance at December 31, 2013, gross	140.6			274.4			235.9			727.5			207.6			1,586.0
Accumulated impairment	(38.6		)	(274.4		)	(4.2		)	—			(23.2		)	(340.4		)
Balance at December 31, 2013, net	$	102.0		$	—		$	231.7		$	727.5		$	184.4		$	1,245.6


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


(2)	Includes a $164.4 million write-off of goodwill, gross and accumulated impairment, in the Construction segment related to discontinued operations.

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



		December 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	$	91.6	$	48.7	$	42.9	$	87.9	$	36.5	$	51.4
Customer Relationships	15	354.7		105.2		249.5		353.5		78.9		274.6
Land Use Rights	57	18.4		1.5		16.9		17.0		1.1		15.9
Other	7	52.2		40.4		11.8		51.9		38.1		13.8
Total definite-lived intangible assets		$	516.9	$	195.8	$	321.1	$	510.3	$	154.6	$	355.7

Indefinite-lived intangible assets:
Tradenames		$	123.7					$	118.7
Total indefinite-lived intangible assets		$	123.7					$	118.7



	For the Year Ended December 31,
(in millions)	2013		2012		2011
Aggregate Amortization Expense	$	38.6	$	43.0	$	28.9

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