v3.24.1.u1
Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill and other intangible assets, net of accumulated amortization, as of March 31, 2024 and December 31, 2023 were as follows (in millions):
March 31, 2024December 31, 2023
Goodwill$392.4 $394.4 
Other intangible assets, net507.3 512.0 
Total goodwill and other intangible assets, net$899.7 $906.4 
The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2024 and 2023 were as follows (in millions):
Off RoadOn RoadMarineTotal
Balance as of December 31, 2023$116.6 $50.7 $227.1 $394.4 
Currency translation effect on foreign goodwill balances(0.4)(1.6)— (2.0)
Balance as of March 31, 2024$116.2 $49.1 $227.1 $392.4 

Off RoadOn RoadMarineTotal
Balance as of December 31, 2022$110.7 $48.4 $227.1 $386.2 
Currency translation effect on foreign goodwill balances0.1 1.2 — 1.3 
Balance as of March 31, 2023$110.8 $49.6 $227.1 $387.5 
The components of other intangible assets were as follows ($ in millions):
March 31, 2024December 31, 2023
Weighted-average useful life (years)CostAccumulated amortizationNetCostAccumulated amortizationNet
Amortizable - dealer/customer related19$341.2 $(101.6)$239.6 $341.2 $(97.2)$244.0 
Non-amortizable - brand/trade names267.7 — 267.7 268.0 — 268.0 
Total other intangible assets, net$608.9 $(101.6)$507.3 $609.2 $(97.2)$512.0 
Amortization expense for other intangible assets was $4.5 million and $4.4 million for the three months ended March 31, 2024 and 2023, respectively. Estimated future amortization expense for identifiable other intangible assets during the next five years is as follows (in millions):
Remainder 202420252026202720282029
Estimated amortization expense$13.2 $17.7 $17.7 $17.7 $17.7 $17.7 
The preceding expected amortization expense is an estimate and actual amounts could differ due to additional other intangible asset acquisitions, changes in foreign currency rates, or impairments of other intangible assets.