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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in the carrying amount of goodwill
The changes in the carrying amount of goodwill for the six months ended June 30, 2014 were as follows:
 
Mobile
Industries
Process
Industries
Aerospace
Total
Beginning balance
$
22.3

$
161.4

$
162.4

$
346.1

Acquisitions

2.8


2.8

Other
0.2

0.1


0.3

Ending balance
$
22.5

$
164.3

$
162.4

$
349.2

Intangible assets
The following table displays intangible assets as of June 30, 2014 and December 31, 2013:
 
As of June 30, 2014
As of December 31, 2013
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Intangible assets
subject to amortization:
 
 
 
 
 
 
Customer relationships
$
162.3

$
55.7

$
106.6

$
160.4

$
49.3

$
111.1

Know-how
33.7

5.2

28.5

31.4

4.4

27.0

Industrial license
 agreements
0.1

0.1


0.1

0.1


Land-use rights
8.7

4.6

4.1

8.9

4.5

4.4

Patents
2.3

1.9

0.4

2.3

1.8

0.5

Technology
37.2

10.9

26.3

44.4

17.2

27.2

Tradenames
5.1

2.7

2.4

4.6

2.7

1.9

PMA licenses
8.8

4.2

4.6

8.8

4.0

4.8

Non-compete
 agreements
3.5

2.9

0.6

3.2

2.8

0.4

 
$
261.7

$
88.2

$
173.5

$
264.1

$
86.8

$
177.3

Intangible assets not subject to amortization:
 
 
 
 
 
 
Tradenames
$
15.9

$

$
15.9

$
15.9

$

$
15.9

FAA air agency
 certificates
14.2


14.2

14.2


14.2

 
$
30.1

$

$
30.1

$
30.1

$

$
30.1

Total intangible assets
$
291.8

$
88.2

$
203.6

$
294.2

$
86.8

$
207.4