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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 6: Goodwill and Intangible Assets Goodwill Goodwill is tested for impairment at the reporting unit level, which is one level below the Company's operating segments. The Company performed qualitative assessments for the annual impairment analysis during the fourth quarters of 2020 and 2019 and concluded that it is more likely than not that the fair value of its reporting units exceed their carrying amounts and a quantitative impairment test was not required. The following table summarizes goodwill by operating and reportable segments (in millions):
|  | As of December 31, 2020 |  | As of December 31, 2019 |  | As of December 31, 2018
|  | Goodwill |  | Accumulated Impairment Losses |  |  |  | Carrying Value |  | Goodwill |  | Accumulated Impairment Losses |  |  |  | Carrying Value |  | Goodwill |  | Accumulated Impairment Losses |  |  |  | Carrying Value
Operating and Reportable Segments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ASG |  | $ | 1,566.3 |  |  | $ | (418.9) |  |  |  |  | $ | 1,147.4 |  |  | $ | 1,563.4 |  |  | $ | (418.9) |  |  |  |  | $ | 1,144.5 |  |  | $ | 836.7 |  |  | $ | (418.9) |  |  |  |  | $ | 417.8 |
ISG |  | 114.7 |  |  | — |  |  |  |  | 114.7 |  |  | 114.4 |  |  | — |  |  |  |  | 114.4 |  |  | 114.4 |  |  | — |  |  |  |  | 114.4 |
PSG |  | 433.2 |  |  | (31.9) |  |  |  |  | 401.3 |  |  | 432.2 |  |  | (31.9) |  |  |  |  | 400.3 |  |  | 432.2 |  |  | (31.9) |  |  |  |  | 400.3 |
Total |  | $ | 2,114.2 |  |  | $ | (450.8) |  |  |  |  | $ | 1,663.4 |  |  | $ | 2,110.0 |  |  | $ | (450.8) |  |  |  |  | $ | 1,659.2 |  |  | $ | 1,383.3 |  |  | $ | (450.8) |  |  |  |  | $ | 932.5 |
The Company recorded a goodwill impairment charge of $3.3 million in 2018 as a result of the licensing transaction with QST, which represented the entire goodwill assigned to a reporting unit within PSG. The following table summarizes the change in goodwill (in millions):
Net balance as of December 31, 2018 |  | $ | 932.5 |
Addition due to business combination |  | 726.7 |
Net balance as of December 31, 2019 |  | 1,659.2 |
Addition due to business combination |  | 4.2 |
Net balance as of December 31, 2020 |  | $ | 1,663.4 |
Intangible Assets Intangible assets, net, were as follows (in millions):
| As of December 31, 2020
| Original Cost |  | Accumulated Amortization |  |  |  | Accumulated Impairment Losses |  | Carrying Value |  |
Customer relationships | $ | 581.5 |  |  | $ | (411.7) |  |  |  |  | $ | (17.6) |  |  | $ | 152.2 |  |  |
Developed technology | 794.7 |  |  | (532.9) |  |  |  |  | (2.6) |  |  | 259.2 |  |  |
IPRD | 49.5 |  |  | — |  |  |  |  | (25.4) |  |  | 24.1 |  |  |
Licenses | 30.0 |  |  | — |  |  |  |  | — |  |  | 30.0 |  |  |
Other intangibles | 79.3 |  |  | (60.6) |  |  |  |  | (15.2) |  |  | 3.5 |  |  |
Total intangible assets | $ | 1,535.0 |  |  | $ | (1,005.2) |  |  |  |  | $ | (60.8) |  |  | $ | 469.0 |  |  |
| As of December 31, 2019
| Original Cost |  | Accumulated Amortization |  |  |  | Accumulated Impairment Losses |  | Carrying Value |  |
Customer relationships | $ | 585.2 |  |  | $ | (386.8) |  |  |  |  | $ | (20.1) |  |  | $ | 178.3 |  |  |
Developed technology | 779.5 |  |  | (440.3) |  |  |  |  | (2.6) |  |  | 336.6 |  |  |
IPRD | 64.7 |  |  | — |  |  |  |  | (24.1) |  |  | 40.6 |  |  |
Licenses | 30.0 |  |  | — |  |  |  |  | — |  |  | 30.0 |  |  |
Other intangibles | 79.3 |  |  | (59.1) |  |  |  |  | (15.2) |  |  | 5.0 |  |  |
Total intangible assets | $ | 1,538.7 |  |  | $ | (886.2) |  |  |  |  | $ | (62.0) |  |  | $ | 590.5 |  |  |
During the years ended December 31, 2020 and December 31, 2019, the Company completed certain of its IPRD projects resulting in the reclassification of $15.2 million and $23.2 million, respectively, from IPRD to developed technology. During the year ended December 31, 2018, the Company determined that the value of one of its IPRD projects under ISG was impaired and recorded a charge of $3.5 million. Amortization expense for intangible assets for the years ended December 31, 2020, 2019 and 2018 amounted to $120.3 million, $115.2 million and $111.7 million, respectively. Amortization expense for intangible assets, with the exception of the $24.1 million of IPRD assets that will be amortized once the corresponding projects have been completed, is expected to be as follows over the next five years, and thereafter (in millions):
| Total
2021 | $ | 99.2 |
2022 | 83.8 |
2023 | 65.9 |
2024 | 54.1 |
2025 | 41.1 |
Thereafter | 100.8 |
Total estimated amortization expense | $ | 444.9 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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