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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill and other intangible assets | Goodwill and other intangible assets, net of accumulated amortization, as of December 31, 2020 and 2019 are as follows (in millions):
| 2020 |  | 2019
Goodwill | $ | 397.3 |  |  | $ | 659.9 |
Other intangible assets, net | 686.4 |  |  | 830.3 |
Total goodwill and other intangible assets, net | $ | 1,083.7 |  |  | $ | 1,490.2 |
Schedule of changes in carrying amount of goodwill | The changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 are as follows (in millions):
| 2020 |  | 2019
Balance as of beginning of year | $ | 659.9 |  |  | $ | 647.1 |
Goodwill impairment | (270.3) |  |  | — |
Goodwill acquired and related adjustments | — |  |  | 14.1 |
Currency translation effect on foreign goodwill balances | 7.7 |  |  | (1.3) |
Balance as of end of year | $ | 397.3 |  |  | $ | 659.9 |
The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2020 and 2019 are as follows (in millions):
| ORV/Snowmobiles |  | Motorcycles |  | Global Adjacent Markets |  | Aftermarket |  | Boats |  | Total Polaris
Balance as of December 31, 2019 | $ | 72.0 |  |  | $ | 5.2 |  |  | $ | 85.2 |  |  | $ | 270.4 |  |  | $ | 227.1 |  |  | $ | 659.9 |
Impairments | — |  |  | — |  |  | — |  |  | (270.3) |  |  | — |  |  | (270.3) |
Currency translation effect on foreign goodwill balances | 0.9 |  |  | — |  |  | 6.9 |  |  | (0.1) |  |  | — |  |  | 7.7 |
Goodwill | 72.9 |  |  | 5.2 |  |  | 92.1 |  |  | 270.3 |  |  | 227.1 |  |  | 667.6 |
Accumulated goodwill impairment losses* | — |  |  | — |  |  | — |  |  | (270.3) |  |  | — |  |  | (270.3) |
Balance as of December 31, 2020 | $ | 72.9 |  |  | $ | 5.2 |  |  | $ | 92.1 |  |  | $ | — |  |  | $ | 227.1 |  |  | $ | 397.3 |
*There were no impairment losses prior to 2020
| ORV/Snowmobiles |  | Motorcycles |  | Global Adjacent Markets |  | Aftermarket |  | Boats |  | Total Polaris
Balance as of December 31, 2018 | $ | 71.8 |  |  | $ | 3.4 |  |  | $ | 86.8 |  |  | $ | 270.3 |  |  | $ | 214.8 |  |  | $ | 647.1 |
Goodwill acquired and related adjustments | — |  |  | 1.8 |  |  | — |  |  | — |  |  | 12.3 |  |  | 14.1 |
Currency translation effect on foreign goodwill balances | 0.2 |  |  | — |  |  | (1.6) |  |  | 0.1 |  |  | — |  |  | (1.3) |
Balance as of December 31, 2019 | $ | 72.0 |  |  | $ | 5.2 |  |  | $ | 85.2 |  |  | $ | 270.4 |  |  | $ | 227.1 |  |  | $ | 659.9 |
Schedule of other intangible assets, changes in net carrying amount | For other intangible assets, the changes in the net carrying amount for the years ended December 31, 2020 and 2019 are as follows (in millions):
| 2020 |  | 2019
| Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Other intangible assets, beginning | $ | 956.8 |  |  | $ | (126.5) |  |  | $ | 964.7 |  |  | $ | (94.1) |
Intangible assets acquired during the period | — |  |  | — |  |  | 1.0 |  |  | — |
Intangible assets disposed of during the period | (41.7) |  |  | 41.7 |  |  | (7.1) |  |  | 7.1 |
Amortization expense | — |  |  | (36.1) |  |  | — |  |  | (40.9) |
Impairments | (108.9) |  |  | — |  |  | — |  |  | — |
Currency translation effect on foreign balances | 0.9 |  |  | 0.2 |  |  | (1.8) |  |  | 1.4 |
Other intangible assets, ending | $ | 807.1 |  |  | $ | (120.7) |  |  | $ | 956.8 |  |  | $ | (126.5) |
Schedule of components of other intangible assets | The components of other intangible assets were as follows (in millions):
December 31, 2020 | Estimated Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Non-compete agreements | 4 |  | $ | 2.6 |  |  | $ | (1.6) |  |  | $ | 1.0 |
Dealer/customer related | 5-20 |  | 460.3 |  |  | (110.8) |  |  | 349.5 |
Developed technology | 5-7 |  | 9.9 |  |  | (8.3) |  |  | 1.6 |
Total amortizable |  |  | 472.8 |  |  | (120.7) |  |  | 352.1 |
Non-amortizable—brand/trade names |  |  | 334.3 |  |  | — |  |  | 334.3 |
Total other intangible assets, net |  |  | $ | 807.1 |  |  | $ | (120.7) |  |  | $ | 686.4 |
December 31, 2019 | Estimated Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Non-compete agreements | 4 |  | $ | 2.6 |  |  | $ | (1.0) |  |  | $ | 1.6 |
Dealer/customer related | 5-20 |  | 499.5 |  |  | (116.1) |  |  | 383.4 |
Developed technology | 5-7 |  | 12.7 |  |  | (9.4) |  |  | 3.3 |
Total amortizable |  |  | 514.8 |  |  | (126.5) |  |  | 388.3 |
Non-amortizable—brand/trade names |  |  | 442.0 |  |  | — |  |  | 442.0 |
Total other intangible assets, net |  |  | $ | 956.8 |  |  | $ | (126.5) |  |  | $ | 830.3 |

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