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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

Goodwill

Goodwill and changes therein were as follows for the three months ended March 31, 2020, and the year ended December 31, 2019 (Dollars in millions):

 

Balance at December 31, 2018

 

$

1,927.4

 

Acquisitions

 

 

25.7

 

Translation

 

 

20.4

 

Balance at December 31, 2019

 

 

1,973.5

 

Translation

 

 

(34.0

)

Balance at March 31, 2020

 

$

1,939.5

 

Intangible Assets

Other intangible assets consisted of the following as of March 31, 2020:

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

 

Estimated Life

Range (Years)

 

 

(Dollars in millions)

 

 

 

Customer lists and relationships

 

$

207.5

 

 

$

(204.0

)

 

$

3.5

 

 

5-15

Trade name

 

 

173.5

 

 

 

(1.9

)

 

 

171.6

 

 

3 and Indefinite

Technology

 

 

152.4

 

 

 

(151.0

)

 

 

1.4

 

 

3-4

Total other intangible assets

 

$

533.4

 

 

$

(356.9

)

 

$

176.5

 

 

 

 

We perform an impairment assessment of our trade name intangible assets as of October 1 of each year. We continue to evaluate the use of our trade names and branding in our sales and marketing efforts. If there is a fundamental shift in the method of our branding in the future, we will assess the impact on the carrying amount of our trade name intangible assets and determine whether an impairment exists. If it is determined that an impairment has occurred, it would be recognized during the period in which the decision was made to make the fundamental shift.  

 

Other intangible assets consisted of the following as of December 31, 2019:

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

 

Estimated Life

Range (Years)

 

 

(Dollars in millions)

 

 

 

Customer lists and relationships

 

$

212.5

 

 

$

(208.2

)

 

$

4.3

 

 

5-15

Trade name

 

 

174.0

 

 

 

(2.1

)

 

 

171.9

 

 

3 and Indefinite

Technology

 

 

156.1

 

 

 

(154.4

)

 

 

1.7

 

 

3-4

Total other intangible assets

 

$

542.6

 

 

$

(364.7

)

 

$

177.9

 

 

 

 

Amortization expense related to definite-lived intangible assets was $0.4 million and $4.7 million for the three months ended March 31, 2020, and 2019, respectively.