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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill during the six months ended June 30, 2021 are summarized as follows (in millions):

			North America						South America						Europe/Middle East						Asia/Pacific/Africa						Consolidated
Balance as of December 31, 2020			$	593.4					$	87.5					$	501.3					$	124.3					$	1,306.5
Foreign currency translation			0.2						3.4						(13.5)						(2.3)						(12.2)
Balance as of June 30, 2021			$	593.6					$	90.9					$	487.8					$	122.0					$	1,294.3

Schedule of Finite-Lived Intangible Assets by Major Class

Changes in the carrying amount of acquired intangible assets during the six months ended June 30, 2021 are summarized as follows (in millions):

Gross carrying amounts:			Trademarks and Tradenames						Customer Relationships						Patents and Technology						Land Use Rights						Total
Balance as of December 31, 2020			$	206.0					$	585.4					$	158.0					$	9.1					$	958.5
Sale of business			(1.3)						(4.4)						(17.1)						—						(22.8)
Foreign currency translation			(2.1)						(2.7)						(2.6)						0.1						(7.3)
Balance as of June 30, 2021			$	202.6					$	578.3					$	138.3					$	9.2					$	928.4

Accumulated amortization:			Trademarks and Tradenames						Customer Relationships						Patents and Technology						Land Use Rights						Total
Balance as of December 31, 2020			$	95.4					$	390.3					$	103.2					$	3.4					$	592.3
Amortization expense			5.0						18.6						8.0						0.1						31.7
Sale of business			(1.3)						(4.4)						(15.2)						—						(20.9)
Foreign currency translation			(0.5)						(1.6)						(2.0)						0.1						(4.0)
Balance as of June 30, 2021			$	98.6					$	402.9					$	94.0					$	3.6					$	599.1

Schedule of Indefinite-lived Intangible Assets by Major Class

Indefinite-lived intangible assets:			Trademarks and Tradenames
Balance as of December 31, 2020			$	89.4
Foreign currency translation			(1.2)
Balance as of June 30, 2021			$	88.2

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (b),(d)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275

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