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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and in-process research and development assets resulting from purchase business combinations are not subject to amortization. Other acquired intangible assets with finite lives are amortized over their expected useful lives on a straight-line basis, or if reliably determinable, based on the pattern in which the economic benefit of the asset is expected to be used. The Company expenses costs incurred to renew or extend the term of acquired intangible assets. 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 |
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 |
Amortization expense related to other intangible assets for the years ended December 31, 2023, 2022, and 2021 was $6.1 million, $5.7 million, and $7.7 million, respectively. 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 |

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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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