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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023 and 2022 were as follows (in millions):
| 2023 |  | 2022
Goodwill | $ | 394.4 |  |  | $ | 386.2 |
Other intangible assets, net | 512.0 |  |  | 524.4 |
Total goodwill and other intangible assets, net | $ | 906.4 |  |  | $ | 910.6 |
Schedule of changes in carrying amount of goodwill | The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2023 and 2022 were as follows (in millions):
| Off Road |  | On Road |  | Marine |  | Total
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 |
Goodwill acquired | 5.8 |  |  | — |  |  | — |  |  | 5.8 |
Currency translation effect on foreign goodwill balances | 0.1 |  |  | 2.3 |  |  | — |  |  | 2.4 |
Balance as of December 31, 2023 | $ | 116.6 |  |  | $ | 50.7 |  |  | $ | 227.1 |  |  | $ | 394.4 |
Schedule of other intangible assets, changes in net carrying amount | The changes in the net carrying amount of other intangible assets for the years ended December 31, 2023 and 2022 were as follows (in millions):
| 2023 |  | 2022
| Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Other intangible assets, beginning | $ | 604.4 |  |  | $ | (80.0) |  |  | $ | 618.7 |  |  | $ | (74.8) |
Other intangible assets acquired | 4.9 |  |  | — |  |  | — |  |  | — |
Other intangible assets disposed of | (0.5) |  |  | 0.5 |  |  | (13.4) |  |  | 13.4 |
Amortization expense | — |  |  | (17.7) |  |  | — |  |  | (18.8) |
Currency translation effect on foreign balances | 0.4 |  |  | — |  |  | (0.9) |  |  | 0.2 |
Other intangible assets, ending | $ | 609.2 |  |  | $ | (97.2) |  |  | $ | 604.4 |  |  | $ | (80.0) |
Schedule of components of other intangible assets | The components of other intangible assets were as follows (in millions):
December 31, 2023 | Weighted-average useful life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizable - dealer/customer related | 19 |  | 341.2 |  |  | (97.2) |  |  | 244.0 |
Non-amortizable - brand/trade names |  |  | 268.0 |  |  | — |  |  | 268.0 |
Total other intangible assets, net |  |  | $ | 609.2 |  |  | $ | (97.2) |  |  | $ | 512.0 |
December 31, 2022 | Weighted-average useful life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizable - dealer/customer related | 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 |

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