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Goodwill and other intangible assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and other intangible assets | Goodwill and other intangible assets Changes in the carrying amount of goodwill, by reportable operating segment, for the years ended December 31, 2020 and 2019 were as follows:
| Americas |  |  | EMEA |  | Asia |  | OEM |  | Total
Balance as of December 31, 2018 |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 1,881,662 |  |  |  | $ | 480,615 |  |  | $ | 211,547 |  |  | $ | 4,883 |  |  | $ | 2,578,707 |
Accumulated impairment losses | (332,128) |  |  |  | — |  |  | — |  |  | — |  |  | (332,128) |
| 1,549,534 |  |  |  | 480,615 |  |  | 211,547 |  |  | 4,883 |  |  | 2,246,579 |
Goodwill related to acquisitions | 439 |  |  |  | 189 |  |  | 1,205 |  |  | — |  |  | 1,833 |
Translation and other adjustments | 952 |  |  |  | (5,032) |  |  | 973 |  |  | — |  |  | (3,107) |
Balance as of December 31, 2019 | 1,550,925 |  |  |  | 475,772 |  |  | 213,725 |  |  | 4,883 |  |  | 2,245,305 |
Goodwill related to acquisitions | 149,877 |  |  |  | 22,364 |  |  | 15,698 |  |  | 107,127 |  |  | 295,066 |
Translation and other adjustments | (520) |  |  |  | 38,092 |  |  | 8,023 |  |  | — |  |  | 45,595 |
Balance as of December 31, 2020 | $ | 1,700,282 |  |  |  | $ | 536,228 |  |  | $ | 237,446 |  |  | $ | 112,010 |  |  | $ | 2,585,966 |
Intangible assets at December 31, 2020 and 2019 consisted of the following:
| Gross Carrying Amount |  | Accumulated Amortization
| 2020 |  | 2019 |  | 2020 |  | 2019
Customer relationships | $ | 1,377,943 |  |  | $ | 1,021,852 |  |  | $ | (425,692) |  |  | $ | (367,585) |
In-process research and development | 29,627 |  |  | 27,940 |  |  | — |  |  | — |
Intellectual property | 1,458,924 |  |  | 1,351,990 |  |  | (479,612) |  |  | (402,340) |
Distribution rights | 23,866 |  |  | 23,369 |  |  | (20,280) |  |  | (18,859) |
Trade names | 619,847 |  |  | 563,315 |  |  | (65,955) |  |  | (50,718) |
Non-compete agreements | 24,592 |  |  | 22,618 |  |  | (23,514) |  |  | (15,297) |
| $ | 3,534,799 |  |  | $ | 3,011,084 |  |  | $ | (1,015,053) |  |  | $ | (854,799) |
As of December 31, 2020, trade names having a carrying value of $239.1 million are considered indefinite-lived. Acquired IPR&D is indefinite-lived until the completion of the related development project, at which point amortization of the carrying value of the technology will commence. Amortization expense related to intangible assets was $158.7 million, $150.0 million, and $149.5 million for the years ended December 31, 2020, 2019 and 2018, respectively. Estimated annual amortization expense for each of the five succeeding years is as follows:
2021 | $ | 167,000 |
2022 | 165,300 |
2023 | 160,300 |
2024 | 159,100 |
2025 | 158,100 |

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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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