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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill and other intangible assets, net of accumulated amortization, at March 31, 2021 and December 31, 2020 are as follows (in millions):
| March 31, 2021 |  | December 31, 2020
Goodwill | $ | 393.7 |  |  | $ | 397.3 |
Other intangible assets, net | 677.1 |  |  | 686.4 |
Total goodwill and other intangible assets, net | $ | 1,070.8 |  |  | $ | 1,083.7 |
The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2021 and 2020 are as follows (in millions):
| ORV/Snowmobiles |  | Motorcycles |  | Global Adjacent Markets |  | Aftermarket |  | Boats |  | Total Polaris
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 |
Currency translation effect on foreign goodwill balances | (0.1) |  |  | — |  |  | (3.5) |  |  | — |  |  | — |  |  | (3.6) |
Goodwill | 72.8 |  |  | 5.2 |  |  | 88.6 |  |  | 270.3 |  |  | 227.1 |  |  | 664.0 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | — |  |  | (270.3) |
Balance as of March 31, 2021 | $ | 72.8 |  |  | $ | 5.2 |  |  | $ | 88.6 |  |  | $ | — |  |  | $ | 227.1 |  |  | $ | 393.7 |
| ORV/Snowmobiles |  | Motorcycles |  | Global Adjacent Markets |  | Aftermarket |  | Boats |  | Total Polaris
Goodwill | 72.0 |  |  | 5.2 |  |  | 85.2 |  |  | 270.4 |  |  | 227.1 |  |  | $ | 659.9 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of December 31, 2019 | $ | 72.0 |  |  | $ | 5.2 |  |  | $ | 85.2 |  |  | $ | 270.4 |  |  | $ | 227.1 |  |  | $ | 659.9 |
Currency translation effect on foreign goodwill balances | (0.5) |  |  | — |  |  | (0.9) |  |  | (0.1) |  |  | — |  |  | (1.5) |
Goodwill | 71.5 |  |  | 5.2 |  |  | 84.3 |  |  | 270.3 |  |  | 227.1 |  |  | 658.4 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of March 31, 2020 | $ | 71.5 |  |  | $ | 5.2 |  |  | $ | 84.3 |  |  | $ | 270.3 |  |  | $ | 227.1 |  |  | $ | 658.4 |
The components of other intangible assets were as follows ($ in millions):
| Weighted-average useful life (years) |  | March 31, 2021 |  | December 31, 2020
Non-amortizable—indefinite lived: |  |  |  |  |
Brand/trade names |  |  | $ | 333.7 |  |  | $ | 334.3 |
Amortizable: |  |  |  |  |
Non-compete agreements | 4 |  | 2.6 |  |  | 2.6 |
Dealer/customer related | 17 |  | 460.3 |  |  | 460.3 |
Developed technology | 5 |  | 9.8 |  |  | 9.9 |
Total amortizable | 16 |  | 472.7 |  |  | 472.8 |
Less: Accumulated amortization |  |  | (129.3) |  |  | (120.7) |
Net amortized other intangible assets |  |  | 343.4 |  |  | 352.1 |
Total other intangible assets, net |  |  | $ | 677.1 |  |  | $ | 686.4 |
Amortization expense for intangible assets was $8.7 million and $10.0 million for the three months ended March 31, 2021 and 2020, respectively. Estimated amortization expense for the remainder of 2021 through 2026 is as follows: 2021 (remainder), $24.6 million; 2022, $28.3 million; 2023, $25.7 million; 2024, $25.0 million; 2025, $25.0 million; 2026, $23.8 million; and after 2026, $191.0 million. The preceding expected amortization expense is an estimate and actual amounts could differ due to additional intangible asset acquisitions, changes in foreign currency rates or impairments of intangible assets.

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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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