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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 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 September 30, 2021 (in millions):
| Communications |  | Clean Energy and Infrastructure |  | Oil and Gas |  | Electrical Transmission |  | Total Goodwill
Goodwill, gross | $ | 589.5 |  |  | $ | 165.4 |  |  | $ | 510.1 |  |  | $ | 197.9 |  |  | $ | 1,462.9 |
Accumulated impairment loss | — |  |  | — |  |  | (124.3) |  |  | — |  |  | (124.3) |
Goodwill, net | $ | 589.5 |  |  | $ | 165.4 |  |  | $ | 385.8 |  |  | $ | 197.9 |  |  | $ | 1,338.6 |
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 | — |  |  |  |  | — |  |  | 0.3 |  |  | — |  |  | 0.3 |
Amortization expense |  |  |  |  | (41.5) |  |  | (8.4) |  |  | (4.6) |  |  | (54.5) |
Other intangible assets, net, as of September 30, 2021 | $ | 34.5 |  |  |  |  | $ | 349.7 |  |  | $ | 55.1 |  |  | $ | 57.7 |  |  | $ | 497.0 |
(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, as adjusted (in millions):
Acquisition consideration: | 2021
Cash, net of cash acquired | $ | 604.8 |
Estimated fair value of contingent consideration | 40.1 |
Total consideration transferred | $ | 644.9 |
Identifiable assets acquired and liabilities assumed: |
Current assets, primarily accounts receivable | $ | 219.2 |
Long-term assets, primarily property and equipment and operating lease assets | 187.5 |
Amortizing intangible assets | 367.2 |
Current liabilities, including current portion of operating lease liabilities | (145.4) |
Long-term liabilities, primarily operating lease liabilities and deferred income taxes | (79.0) |
Total identifiable net assets | $ | 549.5 |
Goodwill | $ | 95.4 |
Total net assets acquired, including goodwill | $ | 644.9 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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