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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Change in the Carrying Amount of Goodwill by Segment

The change in the carrying amount of goodwill by segment for the three months ended March 31, 2021 is as follows:

In millions			Freight Segment						Transit Segment						Total
Balance at December 31, 2020			$	6,872.2					$	1,613.0					$	8,485.2
Additions / opening balance sheet adjustments			214.6						—						214.6
Foreign currency impact			(9.0)						(65.1)						(74.1)
Balance at March 31, 2021			$	7,077.8					$	1,547.9					$	8,625.7

Intangible Assets of the Company, Other Than Goodwill and Trade Names

Intangible assets of the Company, other than goodwill and trade names, consist of the following:

In millions			March 31, 2021						December 31, 2020
Intellectual property, patents, and other intangibles, net of accumulated amortization of $248.6 and $223.7			$	1,038.1					$	1,007.6
Backlog, net of accumulated amortization of $231.8 and $206.9			1,192.6						1,224.7
Customer relationships, net of accumulated amortization of $287.4 and $276.3			1,037.3						986.2
Total			$	3,268.0					$	3,218.5

Amortization Expense

Amortization expense for the five succeeding years is estimated to be as follows:

In millions
Remainder of 2021			$	217.9
2022			289.9
2023			289.3
2024			279.8
2025			277.1

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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