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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2025
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 |  |
Balance as of December 31, 2024 | $ | 5,102.5 |  |  |  |  | $ | 1,267.2 |  |  |  |  | $ | 6,369.7 |  |  |
Goodwill acquired during the period | 36.4 |  |  |  |  | — |  |  |  |  | 36.4 |  |  |
Foreign currency impact and other adjustments to Goodwill | (7.3) |  |  |  |  | 22.3 |  |  |  |  | 15.0 |  |  |
Balance as of March 31, 2025 | $ | 5,131.6 |  |  |  |  | $ | 1,289.5 |  |  |  |  | $ | 6,421.1 |  |  |
During the three months ended March 31, 2025, the Company did not record a goodwill or intangible asset impairment charge. The cumulative goodwill impairment for the Company through March 31, 2025, and December 31, 2024 was $648.5 and represents all of the goodwill of the Company’s Early Development Research Laboratories reporting unit within the BLS segment. The components of identifiable intangible assets were as follows:
|  |  |  |  | March 31, 2025 |  | December 31, 2024 |  |  |
| Range of Useful Lives (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  |  |
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 10 | - | 36 |  | $ | 4,184.1 |  |  | $ | (1,601.8) |  |  | $ | 2,582.3 |  |  | $ | 4,114.7 |  |  | $ | (1,540.7) |  |  | $ | 2,574.0 |  |  |  |
Patents, licenses, and technology | 3 | - | 15 |  | 541.8 |  |  | (307.7) |  |  | 234.1 |  |  | 541.0 |  |  | (298.3) |  |  | 242.7 |  |  |  |
Non-compete agreements | 3 | - | 5 |  | 187.4 |  |  | (90.8) |  |  | 96.6 |  |  | 180.2 |  |  | (83.9) |  |  | 96.3 |  |  |  |
Other | 1 | - | 15 |  | 40.1 |  |  | (23.4) |  |  | 16.7 |  |  | 39.9 |  |  | (21.5) |  |  | 18.4 |  |  |  |
|  |  |  |  | $ | 4,953.4 |  |  | $ | (2,023.7) |  |  | $ | 2,929.7 |  |  | $ | 4,875.8 |  |  | $ | (1,944.4) |  |  | $ | 2,931.4 |  |  |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Canadian and other licenses |  |  |  |  | $ | 557.5 |  |  | N/A |  | $ | 557.5 |  |  | $ | 557.5 |  |  | N/A |  | $ | 557.5 |  |  |  |
Total intangible assets |  |  |  |  | $ | 5,510.9 |  |  | $ | (2,023.7) |  |  | $ | 3,487.2 |  |  | $ | 5,433.3 |  |  | $ | (1,944.4) |  |  | $ | 3,488.9 |  |  |  |
Amortization of intangible assets for the three months ended March 31, 2025, and 2024, was $69.6 and $60.1, respectively. The amortization expense of intangible assets is estimated to be $208.4 for the remainder of 2025, $266.4 in 2026, $253.5 in 2027, $245.8 in 2028, $232.1 in 2029, and $1,723.5 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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