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GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2024

Text Block [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

NOTE 7:-          GOODWILL AND INTANGIBLE ASSETS, NET

a. Goodwill:

		2024				2023
Balance as of January 1		$	1,554.4			$	1,236.7
Acquisitions			141.3				317.7
Balance as of December 31		$	1,695.7			$	1,554.4

b. Intangible assets, net:

		Useful				December 31,
		Life				2024				2023
Original amount:
Core technology			7 - 8			$	230.5			$	195.0
Trademarks and trade names			15–20				7.5				7.5
Customer relationship			1–4				79.6				63.9
							317.6				266.4
Accumulated amortization:
Core technology							63.1				53.6
Trademarks and trade names							7.1				6.9
Customer relationship							46.0				11.8
							116.2				72.3
Intangible assets, net:
Core technology							167.4				141.4
Trademarks and trade names							0.4				0.6
Customer relationship							33.6				52.1
						$	201.4			$	194.1

Intangible assets which were fully amortized as of the prior year, are disposed from the original amount and the accumulated amortization balances.

The estimated future amortization expense of Intangible assets as of December 31, 2024 is as follows:

2025		$	63.9
2026			29.1
2027			26.0
2028			24.8
2029			23.4
Thereafter			34.2
		$	201.4

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- Definition

The entire disclosure for the aggregate amount of goodwill and a description of amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period. It also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for goodwill, the changes in the carrying amount of goodwill during the period due to goodwill acquired.

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