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Goodwill and Other Intangible Assets—Net | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS—Net | GOODWILL AND OTHER INTANGIBLE ASSETS—Net Goodwill The following table presents the changes in the carrying amount of goodwill (in millions):
| Amount
Balance—December 31, 2024 | $ | 235.4 |
Foreign currency translation adjustments | 0.8 |
Balance—March 31, 2025 | $ | 236.2 |
There were no impairments to goodwill during the three months ended March 31, 2025 or during prior periods. Other Intangible Assets—Net The following tables present other intangible assets—net (in millions, except years):
| March 31, 2025
| Weighted-Average Useful Life (in Years) |  | Gross |  | Accumulated Amortization |  | Net
Other intangible assets—net: |  |  |  |  |  |  |
Finite-lived intangible assets: |  |  |  |  |  |  |
Developed technologies | 4.3 |  | $ | 149.3 |  |  | $ | 79.8 |  |  | $ | 69.5 |
Customer relationships | 5.4 |  | 62.7 |  |  | 27.8 |  |  | 34.9 |
Trade name | 7.0 |  | 11.5 |  |  | 2.3 |  |  | 9.2 |
Backlog | 2.5 |  | 13.7 |  |  | 6.1 |  |  | 7.6 |
Total other intangible assets—net |  |  | $ | 237.2 |  |  | $ | 116.0 |  |  | $ | 121.2 |
| December 31, 2024
| Weighted-Average Useful Life (in Years) |  | Gross |  | Accumulated Amortization |  | Net
Other intangible assets—net: |  |  |  |  |  |  |
Finite-lived intangible assets: |  |  |  |  |  |  |
Developed technologies | 4.4 |  | $ | 141.9 |  |  | $ | 73.7 |  |  | $ | 68.2 |
Customer relationships | 5.5 |  | 53.9 |  |  | 23.0 |  |  | 30.9 |
Trade name | 7.5 |  | 8.8 |  |  | 1.8 |  |  | 7.0 |
Backlog | 2.5 |  | 13.5 |  |  | 4.6 |  |  | 8.9 |
Total other intangible assets—net |  |  | $ | 218.1 |  |  | $ | 103.1 |  |  | $ | 115.0 |
Amortization expense was $11.8 million and $3.0 million during the three months ended March 31, 2025 and 2024, respectively. The following table summarizes estimated future amortization expense of finite-lived intangible assets—net (in millions):
| Amount
Years: |
2025 (the remainder of 2025) | $ | 33.1 |
2026 | 31.0 |
2027 | 24.9 |
2028 | 18.5 |
2029 | 9.5 |
Thereafter | 4.2 |
Total | $ | 121.2 |

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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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