XML 64 R38.htm IDEA: XBRL DOCUMENT
v3.24.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in the Carrying Amount of Goodwill, by Segment | The changes in the carrying amount of goodwill, by segment, during the years ended December 31, 2023 and 2022 were as follows:
| United States |  | Europe |  | Rest of World |  | Total
| (in millions)
Goodwill at December 31, 2021 | $ | 773.7 |  |  | $ | 63.0 |  |  | $ | 331.2 |  |  | $ | 1,167.9 |
Currency translation adjustment | — |  |  | (3.6) |  |  | — |  |  | (3.6) |
Goodwill at December 31, 2022 | 773.7 |  |  | 59.4 |  |  | 331.2 |  |  | 1,164.3 |
Goodwill acquired during the year (Note 9) | — |  |  | — |  |  | 87.2 |  |  | 87.2 |
Currency translation adjustment | — |  |  | 2.0 |  |  | — |  |  | 2.0 |
Goodwill at December 31, 2023 | $ | 773.7 |  |  | $ | 61.4 |  |  | $ | 418.4 |  |  | $ | 1,253.5 |
Schedule of Finite-Lived Other Intangible Assets | Other intangible assets consist of the following (in millions):
|  |  | December 31,
| Weighted-Average Useful Life (in years) |  | 2023 |  | 2022
|  | Cost |  | Accumulated Amortization |  | Net Carrying Value |  | Cost |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 9.9 |  | $ | 119.3 |  |  | $ | (87.6) |  |  | $ | 31.7 |  |  | $ | 205.5 |  |  | $ | (185.0) |  |  | $ | 20.5 |
Developed technology | 10.8 |  | 197.6 |  |  | (61.9) |  |  | 135.7 |  |  | 128.1 |  |  | (57.9) |  |  | 70.2 |
Other | 10.0 |  | 12.3 |  |  | (8.9) |  |  | 3.4 |  |  | 12.2 |  |  | (7.7) |  |  | 4.5 |
| 10.6 |  | 329.2 |  |  | (158.4) |  |  | 170.8 |  |  | 345.8 |  |  | (250.6) |  |  | 95.2 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
In-process research and development |  |  | 257.6 |  |  | — |  |  | 257.6 |  |  | 190.0 |  |  | — |  |  | 190.0 |
|  |  | $ | 586.8 |  |  | $ | (158.4) |  |  | $ | 428.4 |  |  | $ | 535.8 |  |  | $ | (250.6) |  |  | $ | 285.2 |
Schedule of Indefinite-Lived Other Intangible Assets | Other intangible assets consist of the following (in millions):
|  |  | December 31,
| Weighted-Average Useful Life (in years) |  | 2023 |  | 2022
|  | Cost |  | Accumulated Amortization |  | Net Carrying Value |  | Cost |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 9.9 |  | $ | 119.3 |  |  | $ | (87.6) |  |  | $ | 31.7 |  |  | $ | 205.5 |  |  | $ | (185.0) |  |  | $ | 20.5 |
Developed technology | 10.8 |  | 197.6 |  |  | (61.9) |  |  | 135.7 |  |  | 128.1 |  |  | (57.9) |  |  | 70.2 |
Other | 10.0 |  | 12.3 |  |  | (8.9) |  |  | 3.4 |  |  | 12.2 |  |  | (7.7) |  |  | 4.5 |
| 10.6 |  | 329.2 |  |  | (158.4) |  |  | 170.8 |  |  | 345.8 |  |  | (250.6) |  |  | 95.2 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
In-process research and development |  |  | 257.6 |  |  | — |  |  | 257.6 |  |  | 190.0 |  |  | — |  |  | 190.0 |
|  |  | $ | 586.8 |  |  | $ | (158.4) |  |  | $ | 428.4 |  |  | $ | 535.8 |  |  | $ | (250.6) |  |  | $ | 285.2 |
Schedule of Estimated Amortization Expense | Estimated amortization expense for each of the years ending December 31 is as follows (in millions):
2024 | $ | 5.8 |
2025 | 7.0 |
2026 | 9.4 |
2027 | 10.9 |
2028 | 14.8 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b),(d) -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-3 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration