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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2024
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 March 31, 2024 and December 31, 2023 were as follows (in millions):
| March 31, 2024 |  | December 31, 2023
Goodwill | $ | 392.4 |  |  | $ | 394.4 |
Other intangible assets, net | 507.3 |  |  | 512.0 |
Total goodwill and other intangible assets, net | $ | 899.7 |  |  | $ | 906.4 |
The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2024 and 2023 were as follows (in millions):
| Off Road |  | On Road |  | Marine |  | Total
Balance as of December 31, 2023 | $ | 116.6 |  |  | $ | 50.7 |  |  | $ | 227.1 |  |  | $ | 394.4 |
Currency translation effect on foreign goodwill balances | (0.4) |  |  | (1.6) |  |  | — |  |  | (2.0) |
Balance as of March 31, 2024 | $ | 116.2 |  |  | $ | 49.1 |  |  | $ | 227.1 |  |  | $ | 392.4 |
| Off Road |  | On Road |  | Marine |  | Total
Balance as of December 31, 2022 | $ | 110.7 |  |  | $ | 48.4 |  |  | $ | 227.1 |  |  | $ | 386.2 |
Currency translation effect on foreign goodwill balances | 0.1 |  |  | 1.2 |  |  | — |  |  | 1.3 |
Balance as of March 31, 2023 | $ | 110.8 |  |  | $ | 49.6 |  |  | $ | 227.1 |  |  | $ | 387.5 |
The components of other intangible assets were as follows ($ in millions):
|  |  | March 31, 2024 |  | December 31, 2023
| Weighted-average useful life (years) |  | Cost | Accumulated amortization | Net |  | Cost | Accumulated amortization | Net
Amortizable - dealer/customer related | 19 |  | $ | 341.2 |  | $ | (101.6) |  | $ | 239.6 |  |  | $ | 341.2 |  | $ | (97.2) |  | $ | 244.0 |
Non-amortizable - brand/trade names |  |  | 267.7 |  | — |  | 267.7 |  |  | 268.0 |  | — |  | 268.0 |
Total other intangible assets, net |  |  | $ | 608.9 |  | $ | (101.6) |  | $ | 507.3 |  |  | $ | 609.2 |  | $ | (97.2) |  | $ | 512.0 |
Amortization expense for other intangible assets was $4.5 million and $4.4 million for the three months ended March 31, 2024 and 2023, respectively. Estimated future amortization expense for identifiable other intangible assets during the next five years is as follows (in millions):
| Remainder 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Estimated amortization expense | $ | 13.2 |  |  | $ | 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 other intangible asset acquisitions, changes in foreign currency rates, or impairments of other intangible assets.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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