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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of intangible assets and goodwill | Goodwill and other intangible assets, net of accumulated amortization, as of June 30, 2021 and December 31, 2020 are as follows (in millions):
| June 30, 2021 |  | December 31, 2020
Goodwill | $ | 395.1 |  |  | $ | 397.3 |
Other intangible assets, net | 668.8 |  |  | 686.4 |
Total goodwill and other intangible assets, net | $ | 1,063.9 |  |  | $ | 1,083.7 |
Schedule of changes in carrying amount of goodwill | The changes in the carrying amount of goodwill by reportable segment for the six months ended June 30, 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 | 0.2 |  |  | — |  |  | (2.4) |  |  | — |  |  | — |  |  | (2.2) |
Goodwill | 73.1 |  |  | 5.2 |  |  | 89.7 |  |  | 270.3 |  |  | 227.1 |  |  | 665.4 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | — |  |  | (270.3) |
Balance as of June 30, 2021 | $ | 73.1 |  |  | $ | 5.2 |  |  | $ | 89.7 |  |  | $ | — |  |  | $ | 227.1 |  |  | $ | 395.1 |
| 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 |
Impairments | — |  |  | — |  |  | — |  |  | (270.3) |  |  | — |  |  | (270.3) |
Currency translation effect on foreign goodwill balances | (0.3) |  |  | — |  |  | 0.3 |  |  | (0.1) |  |  | — |  |  | (0.1) |
Goodwill | 71.7 |  |  | 5.2 |  |  | 85.5 |  |  | 270.3 |  |  | 227.1 |  |  | 659.8 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | — |  |  | (270.3) |
Balance as of June 30, 2020 | $ | 71.7 |  |  | $ | 5.2 |  |  | $ | 85.5 |  |  | $ | — |  |  | $ | 227.1 |  |  | $ | 389.5 |
Schedule of components of other intangible assets | The components of other intangible assets were as follows ($ in millions):
| Weighted-average useful life (years) |  | June 30, 2021 |  | December 31, 2020
Non-amortizable—indefinite lived: |  |  |  |  |
Brand/trade names |  |  | $ | 333.9 |  |  | $ | 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 |  |  | (137.8) |  |  | (120.7) |
Net amortized other intangible assets |  |  | 334.9 |  |  | 352.1 |
Total other intangible assets, net |  |  | $ | 668.8 |  |  | $ | 686.4 |

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