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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2022
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, as of December 31, 2022 and 2021 are as follows (in millions):
| 2022 |  | 2021
Goodwill | $ | 386.2 |  |  | $ | 391.3 |
Other intangible assets, net | 524.4 |  |  | 543.9 |
Total goodwill and other intangible assets, net | $ | 910.6 |  |  | $ | 935.2 |
There were no material additions to goodwill and other intangible assets in 2022 and 2021. The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2022 and 2021 were as follows (in millions):
| Off Road |  | On Road |  | Marine |  | Total
Balance as of December 31, 2020 | $ | 111.6 |  |  | $ | 58.6 |  |  | $ | 227.1 |  |  | $ | 397.3 |
Currency translation effect on foreign goodwill balances | 0.1 |  |  | (6.1) |  |  | — |  |  | (6.0) |
Balance as of December 31, 2021 | $ | 111.7 |  |  | $ | 52.5 |  |  | $ | 227.1 |  |  | $ | 391.3 |
Currency translation effect on foreign goodwill balances | (1.0) |  |  | (4.1) |  |  | — |  |  | (5.1) |
Balance as of December 31, 2022 | $ | 110.7 |  |  | $ | 48.4 |  |  | $ | 227.1 |  |  | $ | 386.2 |
During 2020, the Company recorded impairment charges of $270.3 million related to goodwill of the Company’s Aftermarket reporting segment. As part of the Company’s segment reorganization in the second quarter of 2022, the Aftermarket segment was eliminated and historical goodwill impairments of $60.8 million and $20.3 million were allocated to the Off Road and On Road segments, respectively, on a relative fair value basis. The goodwill amounts above are shown net of these impairment charges. For other intangible assets, the changes in the net carrying amount for the years ended December 31, 2022 and 2021 are as follows (in millions):
| 2022 |  | 2021
| Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Other intangible assets, beginning | $ | 618.7 |  |  | $ | (74.8) |  |  | $ | 645.7 |  |  | $ | (72.6) |
Intangible assets disposed of during the period | (13.4) |  |  | 13.4 |  |  | (25.8) |  |  | 20.7 |
Amortization expense | — |  |  | (18.8) |  |  | — |  |  | (22.9) |
Currency translation effect on foreign balances | (0.9) |  |  | 0.2 |  |  | (1.2) |  |  | — |
Other intangible assets, ending | $ | 604.4 |  |  | $ | (80.0) |  |  | $ | 618.7 |  |  | $ | (74.8) |
The components of other intangible assets were as follows (in millions):
December 31, 2022 | Weighted-average useful life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Dealer/customer related | 19 |  | 341.7 |  |  | (80.0) |  |  | 261.7 |
Total amortizable | 19 |  | 341.7 |  |  | (80.0) |  |  | 261.7 |
Non-amortizable—brand/trade names |  |  | 262.7 |  |  | — |  |  | 262.7 |
Total other intangible assets, net |  |  | $ | 604.4 |  |  | $ | (80.0) |  |  | $ | 524.4 |
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 | 19 |  | 349.7 |  |  | (69.7) |  |  | 280.0 |
Developed technology | 7 |  | 2.9 |  |  | (2.8) |  |  | 0.1 |
Total amortizable | 19 |  | 355.2 |  |  | (74.8) |  |  | 280.4 |
Non-amortizable—brand/trade names |  |  | 263.5 |  |  | — |  |  | 263.5 |
Total other intangible assets, net |  |  | $ | 618.7 |  |  | $ | (74.8) |  |  | $ | 543.9 |
Amortization expense for intangible assets for the year ended December 31, 2022, 2021, and 2020 was $18.8 million, $22.9 million, and $24.4 million, respectively. Estimated future amortization expense for identifiable intangible assets during the next five years is as follows (in millions):
| 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Estimated amortization expense | $ | 17.7 |  |  | $ | 17.7 |  |  | $ | 17.7 |  |  | $ | 17.7 |  |  | $ | 17.7 |
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 https://asc.fasb.org/topic&trid=2144416 + Details
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