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Intangible Assets and Goodwill | 9 Months Ended
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Sep. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | NOTE 5. INTANGIBLE ASSETS AND GOODWILL Intangible Assets The following table presents a summary of our intangible assets:
| Third 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 | $ | 927.2 |  |  | $ | (554.1) |  |  | $ | 373.1 |  |  | $ | 1,004.8 |  |  | $ | (722.7) |  |  | $ | 282.1 |
Customer relationships | 1,347.1 |  |  | (469.8) |  |  | 877.3 |  |  | 654.1 |  |  | (445.9) |  |  | 208.2 |
Trade names and trademarks | 44.8 |  |  | (36.6) |  |  | 8.2 |  |  | 39.5 |  |  | (32.7) |  |  | 6.8 |
Distribution rights and other intellectual property | 4.4 |  |  | (3.4) |  |  | 1.0 |  |  | 8.0 |  |  | (7.0) |  |  | 1.0 |
| $ | 2,323.5 |  |  | $ | (1,063.9) |  |  | $ | 1,259.6 |  |  | $ | 1,706.4 |  |  | $ | (1,208.3) |  |  | $ | 498.1 |
The estimated future amortization expense of intangible assets at the end of the third quarter of 2023 was as follows:
(In millions) |
2023 (Remaining) | $ | 57.5 |
2024 | 200.1 |
2025 | 162.8 |
2026 | 157.7 |
2027 | 144.0 |
Thereafter | 537.5 |
Total | $ | 1,259.6 |
Goodwill The changes in the carrying amount of goodwill by segment for the first three quarters 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 | 28.1 |  |  | — |  |  | — |  |  | 1,391.8 |  |  | 1,419.9 |
Assets held for sale | — |  |  | (1.7) |  |  | (229.4) |  |  | — |  |  | (231.1) |
Foreign currency translation and other adjustments | (2.2) |  |  | (3.6) |  |  | 2.0 |  |  | (43.2) |  |  | (47.0) |
Balance as of the end of the third quarter of 2023 | $ | 2,326.0 |  |  | $ | 376.8 |  |  | $ | 244.4 |  |  | $ | 2,332.5 |  |  | $ | 5,279.7 |

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