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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 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 
Acquisitions0.3 — 0.3 
Foreign exchange effect and other0.3 (0.2)0.1 
Balance at September 30, 2023, gross
208.8 137.8 346.6 
Accumulated impairment(23.2)(38.6)(61.8)
Balance at September 30, 2023, net
$185.6 $99.2 $284.8 

In connection with the MARCO acquisition, the Company recognized goodwill of $0.3 million in April 2023. The goodwill associated with the transaction was attributable primarily to the assembled workforce and expected synergies from the business combination. The goodwill was assigned to the MP segment and is expected to be deductible for income tax purposes. See Note D – “Acquisitions” for additional information regarding the acquisition.
Schedule of Intangible Assets by Class
Intangible assets, net were comprised of the following (in millions):
September 30, 2023December 31, 2022
Weighted Average Life
(in years)		Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Technology7$9.2 $(9.1)$0.1 $9.3 $(9.2)$0.1 
Customer Relationships1734.9 (28.0)6.9 34.8 (26.8)8.0 
Land Use Rights
803.9 (0.8)3.1 4.0 (0.8)3.2 
Other929.9 (24.2)5.7 29.8 (23.7)6.1 
Total definite-lived intangible assets
$77.9 $(62.1)$15.8 $77.9 $(60.5)$17.4 

In connection with the MARCO acquisition, the Company recognized customer relationships of $0.2 million with an estimated useful life of four years and trademarks of $0.3 million with an estimated useful life of ten years in April 2023. See Note D – “Acquisitions” for additional information regarding the acquisition.
Finite-lived Intangible Assets Amortization Expense
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2023202220232022
Aggregate Amortization Expense$0.6 $0.7 $2.0 $1.9 
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$2.5 
20242.3 
20252.2 
20262.0 
20272.0