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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Other Intangible Assets

Goodwill (Table)

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Retirement

Principal

​

​

U.S.

​

​

​

​

​

​

and Income

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Global

​

Principal

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Insurance

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​

​

​

​

​

​

​

​

Solutions

​

Investors

​

International

​

Solutions

​

Corporate

​

Consolidated

​

​

​

(in millions)

​

Balance as of January 1, 2020

​

$

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

​

Goodwill disposed (1)

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​

—

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​

—

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​

(2.3)

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​

—

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​

—

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​

(2.3)

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Impairment (2)

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​

—

​

​

—

​

​

—

​

​

—

​

​

(1.0)

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​

(1.0)

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Foreign currency

​

​

—

​

​

(2.5)

​

​

(77.6)

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​

—

​

​

—

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(80.1)

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Balance as of December 31, 2021

​

$

675.9

​

$

318.4

​

$

576.7

​

$

56.6

​

$

—

​

$

1,627.6

​

(1) Relates to the sale of our India asset management business.

(2) Relates to the buyout of the minority interest in RobustWealth, Inc. (“RobustWealth”) and realignment of the business.

Finite Lived Intangible Assets (Table)

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​	​	​	​	​	​	​	​
​	​	December 31,					​
​		2021			2020
​	​	(in millions)					​
Gross carrying value	​	$	1,262.8	​	$	1,338.2	​
Accumulated amortization	​		432.1	​	​	405.6	​
Net carrying value	​	$	830.7	​	$	932.6	​

Other Finite Lived Intangible Assets Estimated Amortization Expense (Table)

​

​	​	​	​	​
Year ending December 31:		​	​
2022	​	$	71.1	​
2023	​	​	68.3	​
2024	​	​	67.0	​
2025	​	​	60.7	​
2026	​	​	56.6	​

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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