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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
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):
 MPAWPTotal
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 
Acquisitions21.5 — 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 
Acquisitions1.7 — 1.7 
Foreign exchange effect and other7.6 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, 2023December 31, 2022
Weighted Average Life
(in years)
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Technology7$9.6 $(9.5)$0.1 $9.3 $(9.2)$0.1 
Customer Relationships1735.5 (28.7)6.8 34.8 (26.8)8.0 
Land Use Rights
803.9 (0.8)3.1 4.0 (0.8)3.2 
Other930.3 (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)202320222021
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 
20252.3 
20262.1 
20272.1 
20281.2