XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.10.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 6 Months Ended
--- | ---
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill The following table provides a rollforward of the carrying amount of goodwill for the six months ended June 30, 2018 by segment.
| Industrial Process |  | Motion Technologies |  | Connect & Control Technologies |  | Total
Goodwill - December 31, 2017 |  | $ | 324.5 |  |  |  |  | $ | 295.6 |  |  |  |  | $ | 266.7 |  |  |  | $ | 886.8 |
Adjustments to purchase price allocations |  | — |  |  |  |  | 3.3 |  |  |  |  | — |  |  |  | 3.3 |
Foreign exchange translation |  | (6.0 | ) |  |  |  | (3.5 | ) |  |  |  | (0.7 | ) |  |  | (10.2 | )
Goodwill - June 30, 2018 |  | $ | 318.5 |  |  |  |  | $ | 295.4 |  |  |  |  | $ | 266.0 |  |  |  | $ | 879.9 |
Goodwill adjustments to purchase price allocations are related to our acquisition of Axtone Railway Components (Axtone) in the first quarter of 2017. The acquired goodwill, representing the excess of the purchase price over the net assets acquired, has been adjusted to reflect the final fair value of the net assets acquired. Refer to Note 19, Acquisitions, for additional information. Other Intangible Assets, Net Information regarding our other intangible assets is as follows:
| June 30, 2018 |  | December 31, 2017
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles
Customer relationships |  | $ | 164.4 |  |  |  |  | $ | (80.0 | ) |  |  |  | $ | 84.4 |  |  |  |  | $ | 166.2 |  |  |  |  | $ | (74.4 | ) |  |  |  | $ | 91.8 |  |
Proprietary technology |  | 53.9 |  |  |  |  | (23.7 | ) |  |  |  | 30.2 |  |  |  |  | 54.4 |  |  |  |  | (21.8 | ) |  |  |  | 32.6 |  |
Patents and other |  | 12.6 |  |  |  |  | (9.2 | ) |  |  |  | 3.4 |  |  |  |  | 13.5 |  |  |  |  | (9.2 | ) |  |  |  | 4.3 |  |
Finite-lived intangible total |  | 230.9 |  |  |  |  | (112.9 | ) |  |  |  | 118.0 |  |  |  |  | 234.1 |  |  |  |  | (105.4 | ) |  |  |  | 128.7 |  |
Indefinite-lived intangibles |  | 27.3 |  |  |  |  | — |  |  |  |  | 27.3 |  |  |  |  | 27.5 |  |  |  |  | — |  |  |  |  | 27.5 |  |
Other intangible assets |  | $ | 258.2 |  |  |  |  | $ | (112.9 | ) |  |  |  | $ | 145.3 |  |  |  |  | $ | 261.6 |  |  |  |  | $ | (105.4 | ) |  |  |  | $ | 156.2 |  |
Amortization expense related to finite-lived intangible assets was $4.3 and $4.6, and $8.9 and $9.2 for the three and six months ended June 30, 2018 and 2017, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration