Accumulated impairment on goodwill

[Table of Contents](#ifd0dff1f28084ac0b92d7f0a49d14a91_7)Note 6. Goodwill and Other Intangible AssetsGoodwillThe changes in the carrying amount of goodwill attributable to each reportable segment for the nine month period ended September 30, 2022 is presented in the table below.

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Industrial Technologies and Services |  | Precision and Science Technologies |  |  |  |  |  | Total |
| Balance at beginning of period | $ | 4,177.3  |  |  | $ | 1,804.3  |  |  |  |  |  |  | $ | 5,981.6  |  |
| Acquisitions | 36.3  |  |  | 28.9  |  |  |  |  |  |  | 65.2  |  |
| Foreign currency translation and other(1) | (181.8) |  |  | (76.0) |  |  |  |  |  |  | (257.8) |  |
| Balance at end of period | $ | 4,031.8  |  |  | $ | 1,757.2  |  |  |  |  |  |  | $ | 5,789.0  |  |

(1)Includes measurement period adjustments.As of both September 30, 2022 and December 31, 2021, goodwill included accumulated impairment losses of $220.6 million within the Industrial Technologies and Services segment.Other Intangible Assets, NetOther intangible assets as of September 30, 2022 and December 31, 2021 consisted of the following.

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 2022 |  | December 31, 2021 |
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |
| Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |
| Customer lists and relationships | $ | 2,904.2  |  |  | $ | (1,178.4) |  |  | $ | 1,725.8  |  |  | $ | 3,055.0  |  |  | $ | (1,048.3) |  |  | $ | 2,006.7  |  |
| Technology | 343.7  |  |  | (111.9) |  |  | 231.8  |  |  | 356.4  |  |  | (77.8) |  |  | 278.6  |  |
| Tradenames | 43.2  |  |  | (21.0) |  |  | 22.2  |  |  | 47.8  |  |  | (19.0) |  |  | 28.8  |  |
| Backlog | —  |  |  | —  |  |  | —  |  |  | 8.1  |  |  | (5.1) |  |  | 3.0  |  |
| Other | 111.0  |  |  | (87.4) |  |  | 23.6  |  |  | 107.1  |  |  | (76.9) |  |  | 30.2  |  |
| Unamortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |
| Tradenames | 1,530.2  |  |  | —  |  |  | 1,530.2  |  |  | 1,565.4  |  |  | —  |  |  | 1,565.4  |  |
| Total other intangible assets | $ | 4,932.3  |  |  | $ | (1,398.7) |  |  | $ | 3,533.6  |  |  | $ | 5,139.8  |  |  | $ | (1,227.1) |  |  | $ | 3,912.7  |  |

Intangible Asset Impairment ConsiderationsAs of September 30, 2022 and December 31, 2021, there were no indications that the carrying value of goodwill and other intangible assets may not be recoverable.Note 7. Accrued LiabilitiesAccrued liabilities as of September 30, 2022 and December 31, 2021 consisted of the following.

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 2022 |  | December 31, 2021 |
| Salaries, wages and related fringe benefits | $ | 207.0  |  |  | $ | 232.1  |  |
| Contract liabilities | 299.7  |  |  | 242.1  |  |
| Product warranty | 42.8  |  |  | 42.5  |  |
| Operating lease liabilities | 38.5  |  |  | 34.9  |  |
| Restructuring | 17.7  |  |  | 12.3  |  |
| Taxes | 33.9  |  |  | 41.6  |  |
| Other | 151.7  |  |  | 135.8  |  |
| Total accrued liabilities | $ | 791.3  |  |  | $ | 741.3  |  |

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