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Goodwill and Other Intangible Assets, net | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, net | Goodwill and Other Intangible Assets, net Goodwill
| Reporting Units |  |
In millions | Performance Chemicals |  | Performance Materials |  | Total
December 31, 2020 | $ | 441.0 |  |  | $ | 4.3 |  |  | $ | 445.3 |
Foreign currency translation | (3.3) |  |  | — |  |  | (3.3) |
December 31, 2021 | $ | 437.7 |  |  | $ | 4.3 |  |  | $ | 442.0 |
Foreign currency translation | (33.3) |  |  | — |  |  | (33.3) |
Goodwill acquired (1) | 109.8 |  |  | — |  |  | 109.8 |
December 31, 2022 | $ | 514.2 |  |  | $ | 4.3 |  |  | $ | 518.5 |
_______________ (1) See Note 16 for more information about our acquisitions. Other Intangible Assets
In millions | Customer contracts and relationships |  | Brands (1) |  | Developed Technology |  | Other |  | Total
Gross Asset Value |  |  |  |  |  |  |  |  |
December 31, 2020 | $ | 319.5 |  |  | $ | 82.4 |  |  | $ | 73.0 |  |  | $ | 2.7 |  |  | $ | 477.6 |
Retirements | — |  |  | — |  |  | — |  |  | (2.2) |  |  | (2.2) |
Foreign currency translation | (1.7) |  |  | (0.7) |  |  | (0.8) |  |  | — |  |  | (3.2) |
December 31, 2021 | 317.8 |  |  | 81.7 |  |  | 72.2 |  |  | 0.5 |  |  | 472.2 |
Acquisitions (2) | 88.6 |  |  | 15.0 |  |  | 23.5 |  |  | — |  |  | 127.1 |
Retirements | — |  |  | — |  |  | — |  |  | (0.5) |  |  | (0.5) |
Foreign currency translation | (17.9) |  |  | (7.5) |  |  | (7.2) |  |  | — |  |  | (32.6) |
December 31, 2022 | $ | 388.5 |  |  | $ | 89.2 |  |  | $ | 88.5 |  |  | $ | — |  |  | $ | 566.2 |
Accumulated Amortization |  |  |  |  |  |  |  |  |
December 31, 2020 | $ | (73.6) |  |  | $ | (15.8) |  |  | $ | (12.5) |  |  | $ | (2.4) |  |  | $ | (104.3) |
Amortization | (21.7) |  |  | (4.7) |  |  | (6.6) |  |  | (0.2) |  |  | (33.2) |
Retirements | — |  |  | — |  |  | — |  |  | 2.1 |  |  | 2.1 |
Foreign currency translation | 0.3 |  |  | 0.2 |  |  | 0.3 |  |  | — |  |  | 0.8 |
December 31, 2021 | (95.0) |  |  | (20.3) |  |  | (18.8) |  |  | (0.5) |  |  | (134.6) |
Amortization | (22.2) |  |  | (4.6) |  |  | (6.8) |  |  | — |  |  | (33.6) |
Retirements | — |  |  | — |  |  | — |  |  | 0.5 |  |  | 0.5 |
Foreign currency translation | 3.4 |  |  | 1.0 |  |  | 1.9 |  |  | — |  |  | 6.3 |
December 31, 2022 | $ | (113.8) |  |  | $ | (23.9) |  |  | $ | (23.7) |  |  | $ | — |  |  | $ | (161.4) |
Other intangibles, net (3) | $ | 274.7 |  |  | $ | 65.3 |  |  | $ | 64.8 |  |  | $ | — |  |  | $ | 404.8 |
_______________ (1) Represents trademarks, trade names, and know-how. (2) See Note 16 for more information about our acquisitions. (3) The weighted average amortization period remaining for all intangibles is 11.3 years, while the weighted average amortization period remaining for customer contracts and relationships, brands, and developed technology and other intangibles is 11.8 years, 12.3 years, 8.4 years, and zero years, respectively. Intangible assets subject to amortization were allocated among our business segments as follows:
| December 31,
In millions | 2022 |  | 2021
Performance Materials | $ | 1.7 |  |  | $ | 1.9 |
Performance Chemicals | 403.1 |  |  | 335.7 |
Other intangibles, net | $ | 404.8 |  |  | $ | 337.6 |
The amortization expense related to our intangible assets in the table above is shown in the table below.
| Years Ended December 31,
In millions | 2022 |  | 2021 |  | 2020
Cost of sales | $ | — |  |  | $ | — |  |  | $ | 0.1 |
Selling, general, and administrative expenses | 33.6 |  |  | 33.2 |  |  | 32.5 |
Total amortization expense | $ | 33.6 |  |  | $ | 33.2 |  |  | $ | 32.6 |
Based on the current carrying values of intangible assets, estimated pre-tax amortization expense for the next five years is as follows: 2023 - $41.8 million, 2024 - $41.5 million, 2025 - $41.2 million, 2026 - $40.5 million and 2027 - $40.5 million. The estimated pre-tax amortization expense may fluctuate due to changes in foreign currency exchange rates.

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