GOODWILL AND INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 31, 2021

GOODWILL AND INTANGIBLE ASSETS, NET

An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):


	AWP		MP		Total
Balance at December 31, 2020, gross	$	140.6	$	196.6	$	337.2
Accumulated impairment	(38.6)		(23.2)		(61.8)
Balance at December 31, 2020, net	102.0		173.4		275.4


Foreign exchange effect and other	(0.5)		1.0		0.5
Balance at March 31, 2021, gross	140.1		197.6		337.7
Accumulated impairment	(38.6)		(23.2)		(61.8)
Balance at March 31, 2021, net	$	101.5	$	174.4	$	275.9

Intangible assets, net were comprised of the following (in millions):


		March 31, 2021						December 31, 2020
	Weighted Average Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets:
Technology	7	$	9.8	$	(9.2)	$	0.6	$	10.1	$	(9.6)	$	0.5
Customer Relationships	22	26.0		(24.3)		1.7		26.1		(24.1)		2.0
Land Use Rights	80	4.4		(0.8)		3.6		4.4		(0.7)		3.7
Other	8	25.4		(23.4)		2.0		25.5		(23.4)		2.1
Total definite-lived intangible assets		$	65.6	$	(57.7)	$	7.9	$	66.1	$	(57.8)	$	8.3


	Three Months Ended March 31,
(in millions)	2021		2020
Aggregate Amortization Expense	$	0.4	$	0.4

Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years is as follows: