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Goodwill and Other Identifiable Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Identifiable Intangible Assets | Goodwill and Other Identifiable Intangible Assets 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 |
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 |
Identifiable intangible asset amortization expense was $25.6 million and $17.6 million for the three months ended September 30, 2023 and 2022, respectively, and $64.5 million and $53.1 million for the nine months ended September 30, 2023 and 2022, respectively. 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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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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