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v3.23.1

Intangible Assets and Goodwill | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | INTANGIBLE ASSETS AND GOODWILL Intangible Assets The following table presents a summary of our intangible assets:
| First Quarter of 2023 |  | Year End 2022
| Gross |  |  |  |  |  | Gross |  |  |  |
| Carrying |  | Accumulated |  | Net Carrying |  | Carrying |  | Accumulated |  | Net Carrying
(In millions) | Amount |  | Amortization |  | Amount |  | Amount |  | Amortization |  | Amount
Developed product technology | $ | 1,024.0 |  |  | $ | (745.4) |  |  | $ | 278.6 |  |  | $ | 1,004.8 |  |  | $ | (722.7) |  |  | $ | 282.1 |
Customer relationships | 638.8 |  |  | (439.8) |  |  | 199.0 |  |  | 654.1 |  |  | (445.9) |  |  | 208.2 |
Trade names and trademarks | 39.0 |  |  | (33.6) |  |  | 5.4 |  |  | 39.5 |  |  | (32.7) |  |  | 6.8 |
Distribution rights and other intellectual property | 6.4 |  |  | (5.1) |  |  | 1.3 |  |  | 8.0 |  |  | (7.0) |  |  | 1.0 |
| $ | 1,708.2 |  |  | $ | (1,223.9) |  |  | $ | 484.3 |  |  | $ | 1,706.4 |  |  | $ | (1,208.3) |  |  | $ | 498.1 |
The estimated future amortization expense of intangible assets at the end of the first quarter of 2023 was as follows:
(In millions) |
2023 (Remaining) | $ | 101.7 |
2024 | 111.8 |
2025 | 76.2 |
2026 | 70.0 |
2027 | 56.3 |
Thereafter | 68.3 |
Total | $ | 484.3 |
Goodwill The changes in the carrying amount of goodwill by segment for the first quarter of 2023 were as follows:
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
Balance as of year end 2022 | $ | 2,300.1 |  |  | $ | 382.1 |  |  | $ | 471.8 |  |  | $ | 983.9 |  |  | $ | 4,137.9 |
Additions due to acquisitions | 22.5 |  |  | — |  |  | — |  |  | — |  |  | 22.5 |
Foreign currency translation and other adjustments | 6.6 |  |  | 2.2 |  |  | 6.2 |  |  | 1.2 |  |  | 16.2 |
Balance as of the end of the first quarter of 2023 | $ | 2,329.2 |  |  | $ | 384.3 |  |  | $ | 478.0 |  |  | $ | 985.1 |  |  | $ | 4,176.6 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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