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Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS Acquisitions There were no material acquisitions in 2024, 2023, or 2022. Goodwill The following table summarizes the changes in the carrying amount of goodwill (in millions):
|  | Amount
Balance as of December 31, 2022 |  | $ | 348.5 |
Acquisition activity |  | — |
Translation and other |  | 0.2 |
Balance as of December 31, 2023 |  | 348.7 |
Acquisition activity |  | — |
Translation and other |  | (1.2) |
Balance as of December 31, 2024 |  | $ | 347.5 |
The Company completed its annual goodwill impairment test and determined that no impairment existed. As of December 31, 2024, there has been no impairment of goodwill. Intangible Assets The following table summarizes the components of gross intangible asset, accumulated amortization, and net intangible asset balances as of December 31, 2024, and 2023 (in millions):
|  | December 31, 2024 |  | December 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents and developed technology |  | $ | 203.3 |  |  | $ | (185.4) |  |  | $ | 17.9 |  |  | $ | 206.3 |  |  | $ | (178.4) |  |  | $ | 27.9 |
Customer relationships |  | 27.3 |  |  | (22.3) |  |  | 5.0 |  |  | 32.5 |  |  | (22.9) |  |  | 9.6 |
Distribution rights and others |  | 1.2 |  |  | (1.1) |  |  | 0.1 |  |  | 10.8 |  |  | (9.2) |  |  | 1.6 |
Total intangible assets |  | $ | 231.8 |  |  | $ | (208.8) |  |  | $ | 23.0 |  |  | $ | 249.6 |  |  | $ | (210.5) |  |  | $ | 39.1 |
Amortization expense related to intangible assets was $16.7 million, $20.2 million, and $27.8 million for the years ended December 31, 2024, 2023, and 2022, respectively. The estimated future amortization expense related to intangible assets as of December 31, 2024, is as follows (in millions):
Fiscal Year | Amount
2025 | $ | 12.2 |
2026 | 5.4 |
2027 | 3.0 |
2028 | 1.4 |
2029 | 0.6 |
2030 and thereafter | 0.4 |
Total | $ | 23.0 |
The preceding expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, measurement period adjustments to intangible assets, changes in foreign currency exchange rates, impairments of intangible assets, accelerated amortization of intangible assets, and other events.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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