XML 57 R31.htm IDEA: XBRL DOCUMENT v3.20.4

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

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

X

- Definition

Schedule of Finite Lived Intangibles Assets Roll Forward [Table Text Block]

+ References

No definition available.

+ Details

Name:	pii_ScheduleOfFiniteLivedIntangiblesAssetsRollForwardTableTableTextBlock
Namespace Prefix:	pii_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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 assets, excluding financial assets and goodwill, lacking physical substance with a finite life, 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 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ 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

+ Details

Name:	us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration