XML 45 R30.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
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, 2021 and 2020 are as follows (in millions):
| 2021 |  | 2020
Goodwill | $ | 391.3 |  |  | $ | 397.3 |
Other intangible assets, net | 646.2 |  |  | 686.4 |
Total goodwill and other intangible assets, net | $ | 1,037.5 |  |  | $ | 1,083.7 |
Schedule of changes in carrying amount of goodwill | There were no material additions to goodwill and other intangible assets in 2021 and 2020. The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2021 and 2020 were as follows (in millions):
| ORV/Snowmobiles |  | Motorcycles |  | Global Adjacent Markets |  | Aftermarket |  | Boats |  | Total
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 |  |  | — |  |  | (6.1) |  |  | — |  |  | — |  |  | (6.0) |
Goodwill | $ | 73.0 |  |  | $ | 5.2 |  |  | $ | 86.0 |  |  | $ | 270.3 |  |  | $ | 227.1 |  |  | $ | 661.6 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | — |  |  | (270.3) |
Balance as of December 31, 2021 | $ | 73.0 |  |  | $ | 5.2 |  |  | $ | 86.0 |  |  | $ | — |  |  | $ | 227.1 |  |  | $ | 391.3 |
| ORV/Snowmobiles |  | Motorcycles |  | Global Adjacent Markets |  | Aftermarket |  | Boats |  | Total
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 | 0.9 |  |  | — |  |  | 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 |
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, 2021 and 2020 are as follows (in millions):
| 2021 |  | 2020
| Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Other intangible assets, beginning | $ | 807.1 |  |  | $ | (120.7) |  |  | $ | 956.8 |  |  | $ | (126.5) |
Intangible assets disposed of during the period | (25.8) |  |  | 20.7 |  |  | (41.7) |  |  | 41.7 |
Amortization expense | — |  |  | (34.0) |  |  | — |  |  | (36.1) |
Impairments | — |  |  | — |  |  | (108.9) |  |  | — |
Currency translation effect on foreign balances | (1.1) |  |  | — |  |  | 0.9 |  |  | 0.2 |
Other intangible assets, ending | $ | 780.2 |  |  | $ | (134.0) |  |  | $ | 807.1 |  |  | $ | (120.7) |
Schedule of components of other intangible assets | The components of other intangible assets were as follows (in millions):
December 31, 2021 | Weighted-average useful life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Non-compete agreements | 4 |  | $ | 2.6 |  |  | $ | (2.3) |  |  | $ | 0.3 |
Dealer/customer related | 17 |  | 437.6 |  |  | (121.9) |  |  | 315.7 |
Developed technology | 5 |  | 9.9 |  |  | (9.8) |  |  | 0.1 |
Total amortizable | 17 |  | 450.1 |  |  | (134.0) |  |  | 316.1 |
Non-amortizable—brand/trade names |  |  | 330.1 |  |  | — |  |  | 330.1 |
Total other intangible assets, net |  |  | $ | 780.2 |  |  | $ | (134.0) |  |  | $ | 646.2 |
December 31, 2020 | Weighted-average useful life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Non-compete agreements | 4 |  | $ | 2.6 |  |  | $ | (1.6) |  |  | $ | 1.0 |
Dealer/customer related | 17 |  | 460.3 |  |  | (110.8) |  |  | 349.5 |
Developed technology | 5 |  | 9.9 |  |  | (8.3) |  |  | 1.6 |
Total amortizable | 16 |  | 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 |

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: | dtr-types: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: | 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 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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration