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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of intangible assets and goodwill | Goodwill and other intangible assets, net of accumulated amortization, as of March 31, 2022 and December 31, 2021 are as follows (in millions):
| March 31, 2022 |  | December 31, 2021
Goodwill | $ | 390.3 |  |  | $ | 391.3 |
Other intangible assets, net | 639.1 |  |  | 646.2 |
Total goodwill and other intangible assets, net | $ | 1,029.4 |  |  | $ | 1,037.5 |
Schedule of changes in carrying amount of goodwill | The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2022 and 2021 are as follows (in millions):
| Off-Road |  | On-Road |  | Marine |  | Aftermarket |  | Total
Goodwill | 111.7 |  |  | 52.5 |  |  | 227.1 |  |  | 270.3 |  |  | $ | 661.6 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | (270.3) |
Balance as of December 31, 2021 | $ | 111.7 |  |  | $ | 52.5 |  |  | $ | 227.1 |  |  | $ | — |  |  | $ | 391.3 |
Currency translation effect on foreign goodwill balances | 0.2 |  |  | (1.2) |  |  | — |  |  | — |  |  | (1.0) |
Goodwill | 111.9 |  |  | 51.3 |  |  | 227.1 |  |  | 270.3 |  |  | 660.6 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | (270.3) |
Balance as of March 31, 2022 | $ | 111.9 |  |  | $ | 51.3 |  |  | $ | 227.1 |  |  | $ | — |  |  | $ | 390.3 |
| Off-Road |  | On-Road |  | Marine |  | Aftermarket |  | Total
Goodwill | 111.6 |  |  | 58.6 |  |  | 227.1 |  |  | 270.3 |  |  | $ | 667.6 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | (270.3) |
Balance as of December 31, 2020 | $ | 111.6 |  |  | $ | 58.6 |  |  | $ | 227.1 |  |  | $ | — |  |  | $ | 397.3 |
Currency translation effect on foreign goodwill balances | (0.1) |  |  | (3.5) |  |  | — |  |  | — |  |  | (3.6) |
Goodwill | 111.5 |  |  | 55.1 |  |  | 227.1 |  |  | 270.3 |  |  | 664.0 |
Accumulated goodwill impairment losses | — |  |  | — |  |  | — |  |  | (270.3) |  |  | (270.3) |
Balance as of March 31, 2021 | $ | 111.5 |  |  | $ | 55.1 |  |  | $ | 227.1 |  |  | $ | — |  |  | $ | 393.7 |
Schedule of components of other intangible assets | The components of other intangible assets were as follows ($ in millions):
| Weighted-average useful life (years) |  | March 31, 2022 |  | December 31, 2021
Non-amortizable—indefinite lived: |  |  |  |  |
Brand/trade names |  |  | $ | 329.8 |  |  | $ | 330.1 |
Amortizable: |  |  |  |  |
Non-compete agreements | 4 |  | 2.6 |  |  | 2.6 |
Dealer/customer related | 18 |  | 424.1 |  |  | 437.6 |
Developed technology | 7 |  | 2.9 |  |  | 9.9 |
Total amortizable | 17 |  | 429.6 |  |  | 450.1 |
Less: Accumulated amortization |  |  | (120.3) |  |  | (134.0) |
Net amortized other intangible assets |  |  | 309.3 |  |  | 316.1 |
Total other intangible assets, net |  |  | $ | 639.1 |  |  | $ | 646.2 |

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