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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The carrying value of goodwill by segment was as follows (in millions):
| Digital Imaging |  | Instrumentation |  | Aerospace and Defense Electronics |  | Engineered Systems |  | Total
Balance at December 31, 2023 | $ | 6,877.0 |  |  | $ | 944.8 |  |  | $ | 163.4 |  |  | $ | 17.6 |  |  | $ | 8,002.8 |
Foreign currency changes and other | (38.6) |  |  | (7.9) |  |  | (0.3) |  |  | — |  |  | (46.8) |
Balance at March 31, 2024 | $ | 6,838.4 |  |  | $ | 936.9 |  |  | $ | 163.1 |  |  | $ | 17.6 |  |  | $ | 7,956.0 |
Acquired intangible assets (in millions): |  | March 31, 2024 |  | December 31, 2023
|  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Proprietary technology |  | $ | 1,669.3 |  |  | $ | 691.2 |  |  | $ | 978.1 |  |  | $ | 1,696.6 |  |  | $ | 663.0 |  |  | $ | 1,033.6 |
Customer list/relationships |  | 604.0 |  |  | 227.4 |  |  | 376.6 |  |  | 609.5 |  |  | 219.4 |  |  | 390.1 |
Patents |  | 0.6 |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | 0.6 |  |  | — |
Non-compete agreements |  | 0.9 |  |  | 0.9 |  |  | — |  |  | 0.9 |  |  | 0.9 |  |  | — |
Trademarks |  | 10.2 |  |  | 6.1 |  |  | 4.1 |  |  | 10.2 |  |  | 5.8 |  |  | 4.4 |
Backlog |  | 16.3 |  |  | 16.3 |  |  | — |  |  | 16.4 |  |  | 16.4 |  |  | — |
Total intangibles subject to amortization |  | 2,301.3 |  |  | 942.5 |  |  | 1,358.8 |  |  | 2,334.2 |  |  | 906.1 |  |  | 1,428.1 |
Intangibles not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | 848.3 |  |  | — |  |  | 848.3 |  |  | 850.0 |  |  | — |  |  | 850.0 |
Total acquired intangible assets |  | $ | 3,149.6 |  |  | $ | 942.5 |  |  | $ | 2,207.1 |  |  | $ | 3,184.2 |  |  | $ | 906.1 |  |  | $ | 2,278.1 |
An evaluation of the carrying value of goodwill and indefinite-lived intangibles is required to be performed on an annual basis and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. There have been no events or changes in circumstances which indicate an interim impairment review is required in 2024. The Company will perform its annual analysis during the fourth quarter of 2024.

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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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