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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Segment | The following table provides balances for goodwill by reportable segment as of June 30, 2021 (in millions):
| Communications |  | Clean Energy and Infrastructure |  | Oil and Gas |  | Electrical Transmission |  | Total Goodwill
Goodwill, gross | $ | 584.7 |  |  | $ | 164.4 |  |  | $ | 513.2 |  |  | $ | 196.4 |  |  | $ | 1,458.7 |
Accumulated impairment loss | — |  |  | — |  |  | (127.0) |  |  | — |  |  | (127.0) |
Goodwill, net | $ | 584.7 |  |  | $ | 164.4 |  |  | $ | 386.2 |  |  | $ | 196.4 |  |  | $ | 1,331.7 |
Schedule of Finite-Lived Intangible Assets | The following table provides a reconciliation of changes in other intangible assets, net, for the period indicated (in millions):
| Other Intangible Assets
| Non-Amortizing |  | Amortizing |  |
| Trade Names |  |  |  | Customer Relationships and Backlog |  | Pre-Qualifications |  | Other (a) |  | Total
Other intangible assets, gross, as of December 31, 2020 | $ | 34.5 |  |  |  |  | $ | 297.9 |  |  | $ | 73.8 |  |  | $ | 26.4 |  |  | $ | 432.6 |
Accumulated amortization |  |  |  |  | (218.5) |  |  | (10.6) |  |  | (19.5) |  |  | (248.6) |
Other intangible assets, net, as of December 31, 2020 | $ | 34.5 |  |  |  |  | $ | 79.4 |  |  | $ | 63.2 |  |  | $ | 6.9 |  |  | $ | 184.0 |
Additions from new business combinations | — |  |  |  |  | 311.8 |  |  | — |  |  | 55.4 |  |  | 367.2 |
Currency translation adjustments | — |  |  |  |  | — |  |  | 1.0 |  |  | — |  |  | 1.0 |
Amortization expense |  |  |  |  | (23.4) |  |  | (5.4) |  |  | (2.4) |  |  | (31.2) |
Other intangible assets, net, as of June 30, 2021 | $ | 34.5 |  |  |  |  | $ | 367.8 |  |  | $ | 58.8 |  |  | $ | 59.9 |  |  | $ | 521.0 |
(a)Consists principally of trade names and non-compete agreements.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of consideration paid and net assets acquired for the 2021 acquisitions (in millions):
Acquisition consideration: | 2021
Cash, net of cash acquired | $ | 589.0 |
Estimated fair value of contingent consideration | 40.1 |
Total consideration transferred | $ | 629.1 |
Identifiable assets acquired and liabilities assumed: |
Current assets, primarily accounts receivable | $ | 216.2 |
Long-term assets, primarily property and equipment and operating lease assets | 182.0 |
Amortizing intangible assets | 367.2 |
Current liabilities, including current portion of operating lease liabilities | (147.3) |
Long-term liabilities, primarily operating lease liabilities and deferred income taxes | (77.1) |
Total identifiable net assets | $ | 541.0 |
Goodwill | $ | 88.1 |
Total net assets acquired, including goodwill | $ | 629.1 |

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