GOODWILL AND INTANGIBLE ASSETS, NET

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



	AWP			Cranes			MP			Total
Balance at December 31, 2015, gross	$	137.7		$	183.1		$	204.3		$	525.1
Accumulated impairment	(38.6		)	(4.2		)	(23.2		)	(66.0		)
Balance at December 31, 2015, net (1)	99.1			178.9			181.1			459.1
Foreign exchange effect and other	(0.5		)	3.0			(11.3		)	(8.8		)
Balance at June 30, 2016, gross	137.2			186.1			193.0			516.3
Accumulated impairment	(38.6		)	(4.2		)	(23.2		)	(66.0		)
Balance at June 30, 2016, net (2)	$	98.6		$	181.9		$	169.8		$	450.3

(1) Includes a $17.9 million reclassification of goodwill from Cranes to discontinued operations, and a $0.9 million reclassification of goodwill from Cranes to AWP as a result of segment realignments. See Note C - “Business Segment Information”.

(2) During the second quarter of 2016 the Company wrote off $132.8 million of fully impaired goodwill associated with its former Construction segment.

Intangible assets, net were comprised of the following as of June 30, 2016 and December 31, 2015 (in millions):



		June 30, 2016							December 31, 2015
	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	7	$	17.9	$	(16.3	)	$	1.6	$	17.3	$	(15.7	)	$	1.6
Customer Relationships	21	34.2		(24.8		)	9.4		34.8		(24.9		)	9.9
Land Use Rights	67	8.2		(0.9		)	7.3		8.2		(0.9		)	7.3
Other	6	27.9		(24.2		)	3.7		28.0		(24.2		)	3.8
Total definite-lived intangible assets		$	88.2	$	(66.2	)	$	22.0	$	88.3	$	(65.7	)	$	22.6



	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2016		2015		2016		2015
Aggregate Amortization Expense	$	0.7	$	0.7	$	1.4	1.5

Estimated aggregate intangible asset amortization expense (in millions) for each of the five years below is:



2016	$	2.9
2017	$	2.8
2018	$	2.3
2019	$	2.2
2020	$	2.2