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Goodwill and Other Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill Changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 by segment are as follows:
| Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Total
Goodwill - December 31, 2017 | $ | 295.6 |  |  | $ | 324.5 |  |  | $ | 266.7 |  |  | $ | 886.8 |
Adjustments to purchase price allocations | 3.3 |  |  | — |  |  | — |  |  | 3.3 |
Foreign currency | (4.4 | ) |  | (8.7 | ) |  | (1.1 | ) |  | (14.2 | )
Goodwill - December 31, 2018 | $ | 294.5 |  |  | $ | 315.8 |  |  | $ | 265.6 |  |  | $ | 875.9 |
Goodwill acquired | — |  |  | 40.1 |  |  | 14.3 |  |  | 54.4 |
Foreign currency | (0.9 | ) |  | (1.8 | ) |  | (0.4 | ) |  | (3.1 | )
Goodwill - December 31, 2019 | $ | 293.6 |  |  | $ | 354.1 |  |  | $ | 279.5 |  |  | $ | 927.2 |
Goodwill acquired in 2019 is related to our acquisitions of Rheinhütte Pumpen Group (Rheinhütte) and Matrix Composites, Inc. (Matrix). Goodwill acquired represents the preliminary calculation of the excess of the purchase price over the net assets acquired, the valuation of which is pending completion. Upon completion of the valuation, goodwill acquired will be adjusted to reflect the final fair value of the net assets acquired. Goodwill adjustments to purchase price allocations in 2018 are related to our acquisition of Axtone Railway Components (Axtone) in 2017. See Note 22, Acquisitions, for further information. Other Intangible Assets Information regarding our other intangible assets is as follows:
| December 31, 2019 |  | December 31, 2018
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles
Customer relationships | $ | 176.3 |  |  | $ | (99.6 | ) |  | $ | 76.7 |  |  | $ | 164.1 |  |  | $ | (86.2 | ) |  | $ | 77.9 |
Proprietary technology | 58.4 |  |  | (28.1 | ) |  | 30.3 |  |  | 53.7 |  |  | (25.6 | ) |  | 28.1 |
Patents and other | 21.8 |  |  | (13.0 | ) |  | 8.8 |  |  | 12.3 |  |  | (9.4 | ) |  | 2.9 |
Finite-lived intangible total | 256.5 |  |  | (140.7 | ) |  | 115.8 |  |  | 230.1 |  |  | (121.2 | ) |  | 108.9 |
Indefinite-lived intangibles | 22.2 |  |  | — |  |  | 22.2 |  |  | 27.2 |  |  | — |  |  | 27.2 |
Other Intangible Assets | $ | 278.7 |  |  | $ | (140.7 | ) |  | $ | 138.0 |  |  | $ | 257.3 |  |  | $ | (121.2 | ) |  | $ | 136.1 |
Customer relationships, proprietary technology and patents and other intangible assets are amortized over weighted average lives of approximately 12.4 years, 12.6 years and 6.1 years, respectively. Indefinite-lived intangibles primarily consist of brands and trademarks. The fair value of intangible assets acquired in connection with the purchase of Rheinhütte includes $7.4 of proprietary technology with a useful life of 7 years, $4.5 of customer relationships with a useful life of 9 years, and $3.3 for a trade name with an indefinite life. The fair value of intangible assets acquired in connection with the purchase of Matrix includes $8.5, primarily related to customer relationships with a useful life of 14.0 years. Amortization expense related to intangible assets for 2019, 2018 and 2017 was $20.8, $17.6 and $18.9, respectively. Estimated amortization expense for each of the five succeeding years is as follows:
2020 | $ | 24.5 |
2021 | 18.6 |
2022 | 18.4 |
2023 | 15.8 |
2024 | 9.3 |
Thereafter | 29.2 |

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