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Goodwill and Other Intangibles | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | 8 Goodwill and Other Intangibles The carrying amount of goodwill was $1.3 billion and $430 million at December 31, 2023 and 2022, respectively. The acquisition of Wyatt increased goodwill by $864 million, while the effect of foreign currency translation increased goodwill by $10 million. The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |
Capitalized software |  | $ | 660,273 |  |  | $ | 495,317 |  |  |  | 5 years |  |  | $ | 589,604 |  |  | $ | 441,414 |  |  |  | 5 years |
Purchased intangibles |  |  | 614,357 |  |  |  | 197,154 |  |  |  | 10 years |  |  |  | 197,805 |  |  |  | 166,735 |  |  |  | 11 years |
Trademarks |  |  | 9,680 |  |  |  | — |  |  |  | — |  |  |  | 9,680 |  |  |  | — |  |  |  | — |
Licenses |  |  | 14,798 |  |  |  | 8,429 |  |  |  | 7 years |  |  |  | 14,070 |  |  |  | 6,729 |  |  |  | 6 years |
Patents and other intangibles |  |  | 111,962 |  |  |  | 80,983 |  |  |  | 8 years |  |  |  | 104,139 |  |  |  | 73,021 |  |  |  | 8 years |
Total |  | $ | 1,411,070 |  |  | $ | 781,883 |  |  |  | 7 years |  |  | $ | 915,298 |  |  | $ | 687,899 |  |  |  | 7 years |
The Company capitalized $468 million, $54 million and $55 million of intangible assets for the years ended December 31, 2023, 2022 and 2021, respectively. The gross carrying value of intangible assets and accumulated amortization for intangible assets increased by $32 million and $18 million, respectively, in the year ended December 31, 2023 due to the effects of foreign currency translation. Amortization expense for intangible assets was $81 million, $58 million and $60 million for the years ended December 31, 2023, 2022 and 2021, respectively. In addition, in the year ended December 31, 2023, the company wrote off a $4 million intangible asset that was fully amortized. Amortization expense for intangible assets is estimated to be $ 98 million per year for each of the next five years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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