Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Other Intangible Assets


	Retirement		Principal				U.S.
	and Income		Global		Principal		Insurance
	Solutions		Investors		International		Solutions		Corporate		Consolidated

	(in millions)
Balance as of January 1, 2019	$	57.4	$	307.3	$	676.6	$	56.6	$	2.1	$	1,100.0
Goodwill from acquisitions (1)		618.5		6.5		—		—		(1.1)		623.9
Foreign currency		—		1.5		(31.6)		—		—		(30.1)
Other (2)		—		2.2		(2.2)		—		—		—
Balance as of December 31, 2019		675.9		317.5		642.8		56.6		1.0		1,693.8
Foreign currency		—		3.4		13.8		—		—		17.2
Balance as of December 31, 2020	$	675.9	$	320.9	$	656.6	$	56.6	$	1.0	$	1,711.0

(1)

Relates to the acquisitions of: a) Wells Fargo Institutional Retirement & Trust business consolidated within our Retirement and Income Solutions segment; b) a consolidating interest in Finisterre Capital LLP within our Principal Global Investors segment for which we previously held an equity method interest; c) measurement period adjustments related to RobustWealth within our Principal Global Investors segment and Corporate segment.

(2)	Relates to the movement of our investment management company in Brazil from the Principal International segment to the Principal Global Investors segment.

Finite Lived Intangible Assets (Table)


	December 31,
	2020		2019

	(in millions)
Gross carrying value	$	1,338.2	$	1,346.3
Accumulated amortization		405.6		343.2
Net carrying value	$	932.6	$	1,003.1

Other Finite Lived Intangible Assets Estimated Amortization Expense (Table)


Year ending December 31:
2021	$	75.1
2022		73.9
2023		71.2
2024		70.0
2025		68.2