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Goodwill and Other Identifiable Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill by reportable segment were as follows:
In millions | December 31, 2022 | Acquisitions/ divestitures |  | Foreign currency translation/other | September 30, 2023
Enclosures | $ | 414.4 |  | $ | 11.5 |  |  | $ | (1.7) |  | $ | 424.2 |
Electrical & Fastening Solutions | 1,052.0 |  | 371.7 |  |  | — |  | 1,423.7 |
Thermal Management | 711.7 |  | — |  |  | 0.2 |  | 711.9 |
Total goodwill | $ | 2,178.1 |  | $ | 383.2 |  |  | $ | (1.5) |  | $ | 2,559.8 |
Schedule of Finite-Lived Intangible Assets | Identifiable intangible assets consisted of the following:
| September 30, 2023 |  | December 31, 2022
In millions | Cost | Accumulated amortization | Net |  | Cost | Accumulated amortization | Net
Definite-life intangibles |  |  |  |  |  |  |
Customer relationships | $ | 1,680.2 |  | $ | (576.5) |  | $ | 1,103.7 |  |  | $ | 1,287.6 |  | $ | (519.1) |  | $ | 768.5 |
Proprietary technology and patents | 63.3 |  | (19.1) |  | 44.2 |  |  | 39.7 |  | (15.2) |  | 24.5 |
Other finite-lived intangible assets | 18.0 |  | (2.9) |  | 15.1 |  |  | — |  | — |  | — |
Total definite-life intangibles | 1,761.5 |  | (598.5) |  | 1,163.0 |  |  | 1,327.3 |  | (534.3) |  | 793.0 |
Indefinite-life intangibles |  |  |  |  |  |  |
Trade names | 375.4 |  | — |  | 375.4 |  |  | 273.1 |  | — |  | 273.1 |
Total intangibles | $ | 2,136.9 |  | $ | (598.5) |  | $ | 1,538.4 |  |  | $ | 1,600.4 |  | $ | (534.3) |  | $ | 1,066.1 |
Schedule of Indefinite-Lived Intangible Assets | Identifiable intangible assets consisted of the following:
| September 30, 2023 |  | December 31, 2022
In millions | Cost | Accumulated amortization | Net |  | Cost | Accumulated amortization | Net
Definite-life intangibles |  |  |  |  |  |  |
Customer relationships | $ | 1,680.2 |  | $ | (576.5) |  | $ | 1,103.7 |  |  | $ | 1,287.6 |  | $ | (519.1) |  | $ | 768.5 |
Proprietary technology and patents | 63.3 |  | (19.1) |  | 44.2 |  |  | 39.7 |  | (15.2) |  | 24.5 |
Other finite-lived intangible assets | 18.0 |  | (2.9) |  | 15.1 |  |  | — |  | — |  | — |
Total definite-life intangibles | 1,761.5 |  | (598.5) |  | 1,163.0 |  |  | 1,327.3 |  | (534.3) |  | 793.0 |
Indefinite-life intangibles |  |  |  |  |  |  |
Trade names | 375.4 |  | — |  | 375.4 |  |  | 273.1 |  | — |  | 273.1 |
Total intangibles | $ | 2,136.9 |  | $ | (598.5) |  | $ | 1,538.4 |  |  | $ | 1,600.4 |  | $ | (534.3) |  | $ | 1,066.1 |
Estimated Future Amortization Expense for Identifiable Intangible Assets | Estimated future amortization expense for identifiable intangible assets during the remainder of 2023 and the next five years is as follows:
| Q4 |  |  |  |  |
In millions | 2023 | 2024 | 2025 | 2026 | 2027 | 2028
Estimated amortization expense | $ | 25.2 |  | $ | 96.6 |  | $ | 94.1 |  | $ | 94.1 |  | $ | 94.1 |  | $ | 89.8 |

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