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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Net Carrying Value of Goodwill by Reportable Segment

The changes in the net carrying value of goodwill by reportable segment for the years ended December 31, 2021 and 2020 are as follows:

			Sealing Technologies						Advanced Surface Technologies						Engineered Materials						Total
			(in millions)
Goodwill as of December 31, 2019			$	300.9					$	167.7					$	16.7					$	485.3
Foreign currency translation			3.4						6.9						—						10.3
Acquisitions			—						133.1						—						133.1
Dispositions			(6.9)						—						—						(6.9)
Goodwill as of December 31, 2020			297.4						307.7						16.7						621.8
Foreign currency translation			(4.5)						1.5						—						(3.0)
Acquisition			—						359.5						—						359.5
Dispositions			(13.5)						—						(11.6)						(25.1)
Goodwill as of December 31, 2021			$	279.4					$	668.7					$	5.1					$	953.2

Schedule of Finite-lived Intangible Assets

Identifiable intangible assets are as follows:

			As of December 31, 2021												As of December 31, 2020
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
			(in millions)
Amortized:
Customer relationships			$	536.5					$	166.0					$	505.5					$	177.8
Existing technology			480.8						49.5						179.6						41.3
Trademarks			70.9						24.9						44.6						25.7
Other			41.4						22.4						37.6						22.3
			1,129.6						262.8						767.3						267.1
Indefinite-Lived:
Trademarks			46.6						—						53.4						—
Total			$	1,176.2					$	262.8					$	820.7					$	267.1

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are as follows:

			As of December 31, 2021												As of December 31, 2020
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
			(in millions)
Amortized:
Customer relationships			$	536.5					$	166.0					$	505.5					$	177.8
Existing technology			480.8						49.5						179.6						41.3
Trademarks			70.9						24.9						44.6						25.7
Other			41.4						22.4						37.6						22.3
			1,129.6						262.8						767.3						267.1
Indefinite-Lived:
Trademarks			46.6						—						53.4						—
Total			$	1,176.2					$	262.8					$	820.7					$	267.1

Schedule of Estimated Amortization Expense of Intangible Assets

The estimated amortization expense for definite-lived (amortized) intangible assets for the next five years is as follows (in millions):

2022			$	78.7
2023			$	71.3
2024			$	71.2
2025			$	69.8
2026			$	66.4

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