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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The following table represents the changes in goodwill by segment:
| Energy & Chemicals |  | Distribution & Storage |  | BioMedical |  | Total
Balance at December 31, 2017 | $ | 275.1 |  |  | $ | 169.2 |  |  | $ | 24.5 |  |  | $ | 468.8 |
Foreign currency translation adjustments | (0.9 | ) |  | (0.6 | ) |  | — |  |  | (1.5 | )
Goodwill acquired during the year | — |  |  | 4.7 |  |  | — |  |  | 4.7 |
Balance at June 30, 2018 | $ | 274.2 |  |  | $ | 173.3 |  |  | $ | 24.5 |  |  | $ | 472.0 |
Accumulated goodwill impairment loss at December 31, 2017 | $ | 64.6 |  |  | $ | — |  |  | $ | 131.2 |  |  | $ | 195.8 |
Foreign currency translation adjustments | (0.1 | ) |  | — |  |  | — |  |  | (0.1 | )
Accumulated goodwill impairment loss at June 30, 2018 | $ | 64.5 |  |  | $ | — |  |  | $ | 131.2 |  |  | $ | 195.7 |
Intangible Assets The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
|  |  | June 30, 2018 |  | December 31, 2017
| Weighted-average Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 14 years |  | $ | 246.0 |  |  | $ | (97.6 | ) |  | $ | 246.3 |  |  | $ | (88.2 | )
Unpatented technology | 12 years |  | 27.3 |  |  | (5.8 | ) |  | 26.8 |  |  | (4.5 | )
Land use rights | 50 years |  | 13.3 |  |  | (1.3 | ) |  | 13.4 |  |  | (1.2 | )
Trademarks and trade names | 14 years |  | 5.4 |  |  | (2.8 | ) |  | 5.5 |  |  | (2.9 | )
Patents and other | 7 years |  | 2.9 |  |  | (1.1 | ) |  | 3.0 |  |  | (0.8 | )
Total finite-lived intangible assets | 16 years |  | $ | 294.9 |  |  | $ | (108.6 | ) |  | $ | 295.0 |  |  | $ | (97.6 | )
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 104.7 |  |  | — |  |  | 105.1 |  |  | — |
Total intangible assets |  |  | $ | 399.6 |  |  | $ | (108.6 | ) |  | $ | 400.1 |  |  | $ | (97.6 | )
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(1) | Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
Amortization expense for intangible assets subject to amortization was $5.7 and $3.1 for the three months ended June 30, 2018 and 2017, respectively, and $11.8 and $6.1 for the six months ended June 30, 2018 and 2017, respectively. We estimate amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31, |
2018 | $ | 23.5 |
2019 | 23.1 |
2020 | 21.1 |
2021 | 15.0 |
2022 | 14.8 |
See Note 7, “Business Combinations” for further information related to intangible assets acquired during 2018 and 2017. Government Grants We received certain government grants related to land use rights for capacity expansion in China (“China Government Grants”). China Government Grants are generally recorded in other current liabilities and other long-term liabilities in the unaudited condensed consolidated balance sheets and generally recognized into income over the useful life of the associated assets (10 to 50 years). China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:
| June 30, 2018 |  | December 31, 2017
Current | $ | 0.5 |  |  | $ | 0.5 |
Long-term | 8.1 |  |  | 8.7 |
Total China Government Grants | $ | 8.6 |  |  | $ | 9.2 |
We also received government grants from certain local jurisdictions within the United States, which are recorded in other assets in the unaudited condensed consolidated balance sheets and were not significant for the periods presented.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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