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GOODWILL AND INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS, NET | GOODWILL AND INTANGIBLE ASSETS An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
| AWP |  | MP |  | Total
Balance at December 31, 2019, gross | $ | 139.3 |  |  | $ | 192.4 |  |  | $ | 331.7 |
Accumulated impairment | (38.6) |  |  | (23.2) |  |  | (61.8) |
Balance at December 31, 2019, net | 100.7 |  |  | 169.2 |  |  | 269.9 |
Foreign exchange effect and other | 1.3 |  |  | 4.2 |  |  | 5.5 |
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 |
Acquisitions | — |  |  | 7.3 |  |  | 7.3 |
Foreign exchange effect and other | (0.9) |  |  | (1.7) |  |  | (2.6) |
Balance at December 31, 2021, gross | 139.7 |  |  | 202.2 |  |  | 341.9 |
Accumulated impairment | (38.6) |  |  | (23.2) |  |  | (61.8) |
Balance at December 31, 2021, net | $ | 101.1 |  |  | $ | 179.0 |  |  | $ | 280.1 |
In connection with the MDS acquisition, the Company recognized goodwill of $7.3 million during the year. The goodwill was assigned to the MP reporting unit and attributable primarily to the assembled workforce and expected synergies from the business combination. The goodwill is not expected to be deductible for income tax purposes. See Note D – “Acquisitions and Discontinued Operations” for additional information regarding the MDS acquisition. Intangible assets, net were comprised of the following (in millions):
|  |  | December 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 |  |  | $ | (9.7) |  |  | $ | 0.1 |  |  | $ | 10.1 |  |  | $ | (9.6) |  |  | $ | 0.5 |
Customer Relationships | 19 |  | 31.9 |  |  | (25.4) |  |  | 6.5 |  |  | 26.1 |  |  | (24.1) |  |  | 2.0 |
Land Use Rights | 80 |  | 4.4 |  |  | (0.8) |  |  | 3.6 |  |  | 4.4 |  |  | (0.7) |  |  | 3.7 |
Other | 8 |  | 26.3 |  |  | (23.1) |  |  | 3.2 |  |  | 25.5 |  |  | (23.4) |  |  | 2.1 |
Total definite-lived intangible assets |  |  | $ | 72.4 |  |  | $ | (59.0) |  |  | $ | 13.4 |  |  | $ | 66.1 |  |  | $ | (57.8) |  |  | $ | 8.3 |
In connection with the MDS acquisition, the Company recognized customer relationships of $6.3 million with an estimated useful life of 7 years and trademarks of $1.3 million with an estimated useful life of 10 years during the year. See Note D – “Acquisitions and Discontinued Operations” for additional information regarding the MDS acquisition.
| For the Year Ended December 31,
(in millions) | 2021 |  | 2020 |  | 2019
Aggregate Amortization Expense | $ | 2.2 |  |  | $ | 1.8 |  |  | $ | 1.8 |
Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2022 |  | $ | 2.3 |
2023 |  | 1.7 |
2024 |  | 1.5 |
2025 |  | 1.4 |
2026 |  | 1.3 |

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