Goodwill and Identifiable Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

Goodwill

The following table shows changes in the carrying amount of goodwill from December 31, 2018 to September 30, 2019 by reportable segment:



	Performance Coatings			Transportation Coatings			Total
Balance at December 31, 2018	$	1,151.5		$	79.3		$	1,230.8
Purchase accounting adjustments	1.0			—			1.0
Divestiture	(5.6		)	—			(5.6		)
Foreign currency translation	(39.7		)	(2.8		)	(42.5		)
Balance at September 30, 2019	$	1,107.2		$	76.5		$	1,183.7

Identifiable Intangible Assets

The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:



September 30, 2019	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Weighted Average Amortization Periods (years)
Technology	$	533.0	$	(292.9	)	$	240.1	10.4
Trademarks - indefinite-lived	260.3		—			260.3		Indefinite
Trademarks - definite-lived	98.0		(28.1		)	69.9		15.8
Customer relationships	912.9		(255.2		)	657.7		19.1
Other	15.3		(7.3		)	8.0		5.0
Total	$	1,819.5	$	(583.5	)	$	1,236.0



December 31, 2018	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Weighted Average Amortization Periods (years)
Technology	$	545.7	$	(260.7	)	$	285.0	10.4
Trademarks—indefinite-lived	269.0		—			269.0		Indefinite
Trademarks—definite-lived	100.6		(24.0		)	76.6		15.8
Customer relationships	929.9		(222.9		)	707.0		19.1
Other	15.7		(5.3		)	10.4		5.1
Total	$	1,860.9	$	(512.9	)	$	1,348.0

The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2019 and each of the succeeding five years is:



Remainder of 2019	$	29.8
2020	111.6
2021	111.0
2022	108.8
2023	70.2
2024	65.4