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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | Note 12—Goodwill and Other Intangible Assets ​ The changes in the carrying amount of goodwill by segment were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Harsh |  | ​ | ​ | Interconnect |  | ​ | ​ |
​ | ​ | Environment | ​ | Communications | ​ | and Sensor | ​ | ​ | ​ |
​ | ​ | Solutions | ​ | Solutions | ​ | Systems | ​ | Total |
Goodwill at December 31, 2023 | ​ | $ | 2,009.3 | ​ | $ | 2,977.5 | ​ | $ | 2,105.6 | ​ | $ | 7,092.4 | ​
Acquisition-related | ​ |  | 1.2 | ​ |  | 4.5 | ​ |  | 43.7 | ​ |  | 49.4 | ​
Foreign currency translation | ​ |  | (9.2) | ​ |  | (9.5) | ​ |  | (22.6) | ​ |  | (41.3) | ​
Goodwill at March 31, 2024 | ​ | $ | 2,001.3 | ​ | $ | 2,972.5 | ​ | $ | 2,126.7 | ​ | $ | 7,100.5 | ​
​ Other than goodwill noted above, the Company’s intangible assets as of March 31, 2024 and December 31, 2023 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2024 | ​ | December 31, 2023
​ | Weighted | ​ | Gross |  | ​ |  | Net |  | Gross |  | ​ |  | Net
​ | Average | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ | Life (years) | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amount | ​ | Amortization | ​ | Amount
Customer relationships | 10 | ​ | $ | 780.2 | ​ | $ | 462.5 | ​ | $ | 317.7 | ​ | $ | 782.6 | ​ | $ | 450.6 | ​ | $ | 332.0
Proprietary technology | 13 | ​ |  | 350.8 | ​ |  | 152.2 | ​ | ​ | 198.6 | ​ |  | 365.1 | ​ |  | 146.1 | ​ | ​ | 219.0
Backlog and other | 1 | ​ |  | 99.4 | ​ |  | 99.4 | ​ | ​ | — | ​ |  | 114.1 | ​ |  | 99.4 | ​ | ​ | 14.7
Total intangible assets (definite-lived) | 10 | ​ | ​ | 1,230.4 | ​ | ​ | 714.1 | ​ | ​ | 516.3 | ​ | ​ | 1,261.8 | ​ | ​ | 696.1 | ​ | ​ | 565.7
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade names (indefinite-lived) | ​ | ​ | ​ | 269.1 | ​ | ​ | ​ | ​ | ​ | 269.1 | ​ | ​ | 269.1 | ​ | ​ | ​ | ​ | ​ | 269.1
​ | ​ | ​ | $ | 1,499.5 | ​ | $ | 714.1 | ​ | $ | 785.4 | ​ | $ | 1,530.9 | ​ | $ | 696.1 | ​ | $ | 834.8
​ The decrease in the gross carrying amount of intangible assets in the first three months of 2024 was primarily driven by measurement period adjustments related to certain intangible assets associated with acquisitions that closed late in 2023. Amortization expense for the three months ended March 31, 2024 and 2023 was approximately $20.4 and $23.2, respectively. Amortization expense for the three months ended March 31, 2023 included $5.4 related to the amortization of acquired backlog resulting from an acquisition that closed in the first quarter of 2023. As of March 31, 2024, amortization expense relating to the Company’s current intangible assets estimated for the remainder of 2024 is approximately $57.6 and for each of the next five fiscal years is approximately $68.2 in 2025, $66.6 in 2026, $59.9 in 2027, $52.5 in 2028 and $41.9 in 2029.

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