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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 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 |  | AWP |  | Total
Balance at December 31, 2021, gross | $ | 202.2 |  |  | $ | 139.7 |  |  | $ | 341.9 |
Accumulated impairment | (23.2) |  |  | (38.6) |  |  | (61.8) |
Balance at December 31, 2021, net | 179.0 |  |  | 101.1 |  |  | 280.1 |
Acquisitions | 21.5 |  |  | — |  |  | 21.5 |
Foreign exchange effect and other | (15.5) |  |  | (1.7) |  |  | (17.2) |
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 |
Acquisitions | 1.7 |  |  | — |  |  | 1.7 |
Foreign exchange effect and other | 7.6 |  |  | 0.9 |  |  | 8.5 |
Balance at December 31, 2023, gross | 217.5 |  |  | 138.9 |  |  | 356.4 |
Accumulated impairment | (23.2) |  |  | (38.6) |  |  | (61.8) |
Balance at December 31, 2023, net | $ | 194.3 |  |  | $ | 100.3 |  |  | $ | 294.6 |
Schedule of intangible assets by class | Intangible assets, net were comprised of the following (in millions):
|  |  | December 31, 2023 |  | December 31, 2022
| 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 |  | $ | 9.6 |  |  | $ | (9.5) |  |  | $ | 0.1 |  |  | $ | 9.3 |  |  | $ | (9.2) |  |  | $ | 0.1 |
Customer Relationships | 17 |  | 35.5 |  |  | (28.7) |  |  | 6.8 |  |  | 34.8 |  |  | (26.8) |  |  | 8.0 |
Land Use Rights | 80 |  | 3.9 |  |  | (0.8) |  |  | 3.1 |  |  | 4.0 |  |  | (0.8) |  |  | 3.2 |
Other | 9 |  | 30.3 |  |  | (24.6) |  |  | 5.7 |  |  | 29.8 |  |  | (23.7) |  |  | 6.1 |
Total definite-lived intangible assets |  |  | $ | 79.3 |  |  | $ | (63.6) |  |  | $ | 15.7 |  |  | $ | 77.9 |  |  | $ | (60.5) |  |  | $ | 17.4 |
Finite-lived Intangible Assets Amortization Expense |
| For the Year Ended December 31,
(in millions) | 2023 |  | 2022 |  | 2021
Aggregate Amortization Expense | $ | 2.6 |  |  | $ | 2.6 |  |  | $ | 2.2 |
Schedule of intangible assets amortization expense | Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2024 |  | $ | 2.4 |
2025 |  | 2.3 |
2026 |  | 2.1 |
2027 |  | 2.1 |
2028 |  | 1.2 |

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