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Goodwill and Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The following table shows changes in the carrying amount of goodwill from December 31, 2020 to June 30, 2021 by reportable segment:


	Performance Coatings		Mobility Coatings		Total
Balance at December 31, 2020	$	1,211.3	$	83.6	$	1,294.9
Goodwill from acquisitions	23.1		—		23.1
Foreign currency translation	(22.1)		(1.6)		(23.7)
Balance at June 30, 2021	$	1,212.3	$	82.0	$	1,294.3

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class

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


June 30, 2021	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average amortization periods (years)
Technology	$	561.5	$	(404.3)	$	157.2	10.4
Trademarks—indefinite-lived	276.8		—		276.8		Indefinite
Trademarks—definite-lived	103.1		(40.3)		62.8		15.8
Customer relationships	949.2		(352.0)		597.2		19.0
Other	15.0		(12.4)		2.6		5.0
Total	$	1,905.6	$	(809.0)	$	1,096.6


December 31, 2020	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average amortization periods (years)
Technology	$	564.8	$	(383.6)	$	181.2	10.4
Trademarks—indefinite-lived	282.9		—		282.9		Indefinite
Trademarks—definite-lived	103.6		(37.5)		66.1		16.0
Customer relationships	943.6		(329.3)		614.3		19.0
Other	15.3		(11.0)		4.3		5.0
Total	$	1,910.2	$	(761.4)	$	1,148.8

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2021 and each of the succeeding five years is:


Remainder of 2021	$	58.5
2022	114.6
2023	73.7
2024	68.7
2025	68.0
2026	67.5