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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table presents the changes in the carrying amount of goodwill.
(in millions)Amount
Balance as of December 31, 2022
$5.4 
Foreign currency translation adjustments0.3 
Balance as of June 30, 2023
$5.7 
The following table presents information relating to our recognized intangible assets as of June 30, 2023.
(dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet
Carrying Amount
Developed product rights10 years$35.7 $2.3 $33.4 
Acquired IPR&DIndefinite$3.5 $— 3.5 
Total intangible assets, net$36.9 
The following table presents approximate future annual amortization expense for our finite-lived intangible assets as of June 30, 2023.
(in millions)Amount
2023 (6 months remaining)
$1.8 
2024
$3.6 
2025
$3.6 
2026
$3.6 
2027
$3.6 
Thereafter$17.2