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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of acquired intangible assets during the six months ended June 30, 2018 are summarized as follows (in millions):
| Trademarks and Tradenames |  | Customer Relationships |  | Patents and Technology |  | Land Use Rights |  | Total
Gross carrying amounts: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2017 | $ | 208.4 |  |  | $ | 600.4 |  |  | $ | 160.0 |  |  | $ | 9.1 |  |  | $ | 977.9 |
Foreign currency translation | (3.1 | ) |  | (10.1 | ) |  | (2.7 | ) |  | (0.2 | ) |  | (16.1 | )
Balance as of June 30, 2018 | $ | 205.3 |  |  | $ | 590.3 |  |  | $ | 157.3 |  |  | $ | 8.9 |  |  | $ | 961.8 |
| Trademarks and Tradenames |  | Customer Relationships |  | Patents and Technology |  | Land Use Rights |  | Total
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2017 | $ | 61.4 |  |  | $ | 279.7 |  |  | $ | 73.4 |  |  | $ | 3.0 |  |  | $ | 417.5 |
Amortization expense and impairment charge | 8.1 |  |  | 20.5 |  |  | 5.2 |  |  | 0.1 |  |  | 33.9 |
Foreign currency translation | (1.0 | ) |  | (7.2 | ) |  | (1.9 | ) |  | — |  |  | (10.1 | )
Balance as of June 30, 2018 | $ | 68.5 |  |  | $ | 293.0 |  |  | $ | 76.7 |  |  | $ | 3.1 |  |  | $ | 441.3 |
| Trademarks and Tradenames
Indefinite-lived intangible assets: |  |
Balance as of December 31, 2017 | $ | 88.6 |
Foreign currency translation | (1.0 | )
Balance as of June 30, 2018 | $ | 87.6 |
The Company currently amortizes certain acquired intangible assets, primarily on a straight-line basis, over their estimated useful lives, which range from three to 50 years. Changes in the carrying amount of goodwill during the six months ended June 30, 2018 are summarized as follows (in millions):
| North America |  | South America |  | Europe/Middle East |  | Asia/ Pacific/Africa |  | Consolidated
Balance as of December 31, 2017 | $ | 611.1 |  |  | $ | 136.4 |  |  | $ | 671.0 |  |  | $ | 122.9 |  |  | $ | 1,541.4 |
Adjustment | — |  |  | — |  |  | 1.9 |  |  | — |  |  | 1.9 |
Foreign currency translation | — |  |  | (19.3 | ) |  | (18.2 | ) |  | (2.1 | ) |  | (39.6 | )
Balance as of June 30, 2018 | $ | 611.1 |  |  | $ | 117.1 |  |  | $ | 654.7 |  |  | $ | 120.8 |  |  | $ | 1,503.7 |
Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of October 1 each fiscal year.

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- 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
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