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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill by business segment An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
 MP    AWPTotal
Balance at December 31, 2022, gross
$208.2 $138.0 $346.2 
Accumulated impairment(23.2)(38.6)(61.8)
Balance at December 31, 2022, net
185.0 99.4 284.4 
Foreign exchange effect and other2.5 0.3 2.8 
Balance at March 31, 2023, gross
210.7 138.3 349.0 
Accumulated impairment(23.2)(38.6)(61.8)
Balance at March 31, 2023, net
$187.5 $99.7 $287.2 
Schedule of intangible assets by class Intangible assets, net were comprised of the following (in millions):
March 31, 2023December 31, 2022
Weighted Average Life
(in years)
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Technology7$9.4 $(9.3)$0.1 $9.3 $(9.2)$0.1 
Customer Relationships1735.0 (27.4)7.6 34.8 (26.8)8.0 
Land Use Rights
794.0 (0.8)3.2 4.0 (0.8)3.2 
Other829.8 (23.9)5.9 29.8 (23.7)6.1 
Total definite-lived intangible assets
$78.2 $(61.4)$16.8 $77.9 $(60.5)$17.4 
Finite-lived Intangible Assets Amortization Expense
Three Months Ended
March 31,
(in millions)20232022
Aggregate Amortization Expense$0.8 $0.6 
Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2023$2.4 
20242.2 
20252.1 
20262.0 
20271.9