XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes To Goodwill | Changes to goodwill are as follows:
(in millions) | Aerospace & Electronics | Process Flow Technologies | Payment & Merchandising Technologies | Total
Balance as of December 31, 2020 | $ | 202.5 |  | $ | 360.0 |  | $ | 875.2 |  | $ | 1,437.7 |
Adjustments to purchase price allocations | — |  | (0.1) |  | — |  | (0.1) |
Currency translation | — |  | (3.9) |  | (7.7) |  | (11.6) |
Balance at June 30, 2021 | $ | 202.5 |  | $ | 356.0 |  | $ | 867.5 |  | $ | 1,426.0 |
Changes To Intangible Assets | Changes to intangible assets are as follows:
(in millions) | Six Months Ended June 30, 2021 |  | Year Ended December 31, 2020
Balance at beginning of period, net of accumulated amortization | $ | 519.1 |  |  | $ | 503.7 |
Additions | — |  |  | 52.5 |
Amortization expense | (22.6) |  |  | (48.3) |
Currency translation | (5.2) |  |  | 11.2 |
Balance at end of period, net of accumulated amortization | $ | 491.3 |  |  | $ | 519.1 |
Summary Of Intangible Assets | A summary of intangible assets follows:
|  |  | June 30, 2021 |  | December 31, 2020
(in millions) | Weighted Average Amortization Period of Finite Lived Assets (in years) |  | Gross Asset |  | Accumulated Amortization |  | Net |  | Gross Asset |  | Accumulated Amortization |  | Net
Intellectual property rights | 15.2 |  | $ | 133.0 |  |  | $ | 54.0 |  |  | $ | 79.0 |  |  | $ | 133.2 |  |  | $ | 53.4 |  |  | $ | 79.8 |
Customer relationships and backlog | 18.3 |  | 617.1 |  |  | 257.5 |  |  | 359.6 |  |  | 623.7 |  |  | 241.9 |  |  | 381.8 |
Drawings | 40 |  | 11.1 |  |  | 10.6 |  |  | 0.5 |  |  | 11.1 |  |  | 10.5 |  |  | 0.6 |
Other | 11.7 |  | 139.0 |  |  | 86.8 |  |  | 52.2 |  |  | 140.2 |  |  | 83.3 |  |  | 56.9 |
Total | 17.8 |  | $ | 900.2 |  |  | $ | 408.9 |  |  | $ | 491.3 |  |  | $ | 908.2 |  |  | $ | 389.1 |  |  | $ | 519.1 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Future amortization expense associated with intangible assets is expected to be:
(in millions) |
Remainder of 2021 | $ | 22.2 |
2022 | 42.8 |
2023 | 42.8 |
2024 | 41.8 |
2025 and after | 270.5 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredIndefiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + 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 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration