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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of Goodwill, net of impairment, were as follows:
| Dx |  | BLS |  | Total
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023
Beginning balance | $ | 4,813.9 |  |  | $ | 4,533.5 |  |  | $ | 1,328.6 |  |  | $ | 1,590.2 |  |  | $ | 6,142.5 |  |  | $ | 6,123.7 |
Goodwill acquired during the year | 299.9 |  |  | 296.9 |  |  | — |  |  | — |  |  | 299.9 |  |  | 296.9 |
Impairment | — |  |  | — |  |  | — |  |  | (333.6) |  |  | — |  |  | (333.6) |
Foreign currency impact and other adjustments to goodwill | (11.3) |  |  | (16.5) |  |  | (61.4) |  |  | 72.0 |  |  | (72.7) |  |  | 55.5 |
Ending balance | $ | 5,102.5 |  |  | $ | 4,813.9 |  |  | $ | 1,267.2 |  |  | $ | 1,328.6 |  |  | $ | 6,369.7 |  |  | $ | 6,142.5 |
During 2024, the Company did not record a goodwill or intangible asset impairment charge. During 2023, the Company recorded goodwill and other asset impairment charges of $349.0 which was primarily comprised of $333.6 of goodwill impairment for the ED reporting unit. During 2022, the Company recorded goodwill and other asset impairment charges of $261.7 which was primarily comprised of goodwill impairment for the ED reporting unit and the impairment of a technology intangible asset. The cumulative goodwill impairment for the Company through December 31, 2024, and 2023 was $648.5 and relates entirely to the ED reporting unit, which has no remaining goodwill balance, of the BLS segment. The components of identifiable intangible assets are as follows:
| Range of Useful Lives (in Years) |  | December 31, 2024 |  | December 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | 10 | - | 36 |  | $ | 4,114.7 |  |  | $ | (1,540.7) |  |  | $ | 2,574.0 |  |  | $ | 3,868.6 |  |  | $ | (1,367.2) |  |  | $ | 2,501.4 |
Patents, licenses, and technology 1 | 3 | - | 15 |  | 646.9 |  |  | (298.3) |  |  | 348.6 |  |  | 526.6 |  |  | (273.3) |  |  | 253.3 |
Non-compete agreements | 3 | - | 5 |  | 180.2 |  |  | (83.9) |  |  | 96.3 |  |  | 130.3 |  |  | (60.4) |  |  | 69.9 |
Other definite-lived intangible assets | 1 | - | 15 |  | 39.9 |  |  | (21.5) |  |  | 18.4 |  |  | 34.1 |  |  | (15.5) |  |  | 18.6 |
Canadian licenses |  |  |  |  | 451.6 |  |  | — |  |  | 451.6 |  |  | 498.8 |  |  | — |  |  | 498.8 |
|  |  |  |  | $ | 5,433.3 |  |  | $ | (1,944.4) |  |  | $ | 3,488.9 |  |  | $ | 5,058.4 |  |  | $ | (1,716.4) |  |  | $ | 3,342.0 |
1 Includes $105.9 and $87.5 of indefinite-lived intangible assets at December 31, 2024, and 2023, respectively. A summary of intangible assets acquired during 2024, and their respective weighted-average amortization periods are as follows:
| Amount |  | Weighted-average Amortization Period
Customer relationships | $ | 309.0 |  |  | 14.4
Non-compete agreements | 55.5 |  |  | 5.0
Trade name | 5.8 |  |  | 2.0
Technology | 107.0 |  |  | 11.0
| $ | 477.3 |  |  |
Amortization of intangible assets was $256.4, $219.8 and $193.6 in 2024, 2023, and 2022, respectively. Amortization expense of intangible assets is estimated to be $271.6 in 2025, $261.2 in 2026, $248.3 in 2027, $240.6 in 2028, $226.9 in 2029, and $1,682.8 thereafter.

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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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