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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill activity for each of the Company’s reportable segments, Materials Solutions (“MS”) and Advanced Purity Solutions (“APS”), for the years ended December 31, 2024 and 2023 is shown below:
(In thousands)MSAPSTotal
December 31, 2022$4,092,141 $316,190 $4,408,331 
Goodwill impairment(115,217)— (115,217)
Disposition of businesses(340,643)— (340,643)
Purchase accounting adjustments(1,021)— (1,021)
Goodwill included in assets held-for-sale(3,885)— (3,885)
Foreign currency translation(25)(1,680)(1,705)
December 31, 2023$3,631,350 $314,510 $3,945,860 
Foreign currency translation(36)(2,253)(2,289)
December 31, 2024$3,631,314 $312,257 $3,943,571 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Identifiable intangible assets at December 31, 2024 and 2023 consist of the following:
2024
(In thousands)Gross carrying
amount		Accumulated
amortization		Net carrying
value		Weighted
average life in
years
Developed technology$1,256,766 $601,700 $655,066 7.2
Trademarks and trade names171,970 48,754 123,216 14.0
Customer relationships630,496 326,495 304,001 14.0
In-process research and development (1)
6,600 — 6,600 
Other25,544 22,681 2,863 5.1
$2,091,376 $999,630 $1,091,746 9.7
2023
(In thousands)Gross carrying
amount		Accumulated
amortization		Net carrying
value		Weighted
average life in
years
Developed technology$1,256,469 $455,720 $800,749 7.2
Trademarks and trade names172,031 37,877 134,154 14.0
Customer relationships630,743 293,782 336,961 14.0
In-process research and development (1)
7,100 — 7,100 
Other23,924 20,919 3,005 5.6
$2,090,267 $808,298 $1,281,969 9.7
(1) Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived until the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we determine the useful life and begin amortizing the assets.
Amortization of Intangibles
The table below sets forth the amortization expense for finite-lived intangible assets for the years ended December 31, 2024, 2023, and 2022:
(In thousands)202420232022
Amortization expense$190,119 $214,477 $143,953 
Estimated Future Amortization Expense
The amortization expense for each of the five succeeding years and thereafter relating to finite-lived intangible assets currently recorded in the Company’s consolidated balance sheets is estimated to be the following at December 31, 2024:
(In thousands)20252026202720282029ThereafterTotal
Future amortization expense$185,671 182,505 178,891 176,449 110,693 257,537 $1,091,746