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Goodwill and Other Identifiable Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2014
Changes in Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill for the year ended December 31, 2014 and December 31, 2013 by reportable segment were as follows:
In millions | December 31, 2013 | Acquisitions/ divestitures | Foreign currency translation/other | December 31, 2014
Valves & Controls | $ | 1,511.6 |  | $ | — |  | $ | — |  | $ | 1,511.6 |
Flow & Filtration Solutions | 1,036.4 |  | — |  | (94.0 | ) | 942.4 |
Water Quality Systems | 1,154.7 |  | 6.8 |  | (23.9 | ) | 1,137.6 |
Technical Solutions | 1,158.0 |  | — |  | (7.7 | ) | 1,150.3 |
Total goodwill | $ | 4,860.7 |  | $ | 6.8 |  | $ | (125.6 | ) | $ | 4,741.9 |
In millions | December 31, 2012 | Acquisitions/ divestitures | Foreign currency translation/other | December 31, 2013
Valves & Controls | $ | 1,511.6 |  | $ | — |  | $ | — |  | $ | 1,511.6 |
Flow & Filtration Solutions | 1,019.6 |  | (5.7 | ) | 22.5 |  | 1,036.4 |
Water Quality Systems | 1,144.6 |  | 7.6 |  | 2.5 |  | 1,154.7 |
Technical Solutions | 1,161.7 |  | (5.3 | ) | 1.6 |  | 1,158.0 |
Total goodwill | $ | 4,837.5 |  | $ | (3.4 | ) | $ | 26.6 |  | $ | 4,860.7 |
Identifiable Intangible Assets | Identifiable intangible assets consisted of the following at December 31:
| 2014 |  | 2013
In millions | Cost | Accumulated amortization | Net |  | Cost | Accumulated amortization | Net
Finite-life intangibles |  |  |  |  |  |  |
Customer relationships | $ | 1,247.8 |  | $ | (325.2 | ) | $ | 922.6 |  |  | $ | 1,271.2 |  | $ | (243.1 | ) | $ | 1,028.1 |
Trade names | 2.0 |  | (1.1 | ) | 0.9 |  |  | 2.1 |  | (0.9 | ) | 1.2 |
Proprietary technology and patents | 255.7 |  | (96.7 | ) | 159.0 |  |  | 263.7 |  | (80.0 | ) | 183.7 |
Total finite-life intangibles | 1,505.5 |  | (423.0 | ) | 1,082.5 |  |  | 1,537.0 |  | (324.0 | ) | 1,213.0 |
Indefinite-life intangibles |  |  |  |  |  |  |
Trade names | 525.6 |  | — |  | 525.6 |  |  | 536.9 |  | — |  | 536.9 |
Total intangibles | $ | 2,031.1 |  | $ | (423.0 | ) | $ | 1,608.1 |  |  | $ | 2,073.9 |  | $ | (324.0 | ) | $ | 1,749.9 |
Estimated Future Amortization Expense for Identifiable Intangible Assets | Estimated future amortization expense for identifiable intangible assets during the next five years is as follows:
In millions | 2015 | 2016 | 2017 | 2018 | 2019
Estimated amortization expense | $ | 111.5 |  | $ | 110.6 |  | $ | 109.0 |  | $ | 106.5 |  | $ | 99.4 |

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