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GOODWILL (Notes) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure | The following table sets forth the changes in the carrying value of goodwill by reportable segment for the period presented:
| Three Months Ended
| March 31, 2024
| EES |  | CSS |  | UBS |  | Total
| (In millions)
Beginning balance, January 1 | $ | 838.1 |  |  | $ | 1,211.6 |  |  | $ | 1,212.6 |  |  | $ | 3,262.3 |
Foreign currency exchange rate changes | (12.2) |  |  | (3.8) |  |  | (5.7) |  |  | (21.7) |
Reclassified as assets held for sale(1) | — |  |  | — |  |  | (58.1) |  |  | (58.1) |
Ending balance, March 31 | $ | 825.9 |  |  | $ | 1,207.8 |  |  | $ | 1,148.8 |  |  | $ | 3,182.5 |
(1) Represents the amount of goodwill that is classified as held for sale related to the sale of the WIS business, as disclosed in Note 5, “Assets and Liabilities Held for Sale”. The components of intangible assets are as follows:
|  | As of
|  | March 31, 2024 |  | December 31, 2023
| Life (in years) | Gross Carrying Amount (1) |  | Accumulated Amortization (1) |  | Net Carrying Amount |  | Gross Carrying Amount (1) |  | Accumulated Amortization (1) |  | Net Carrying Amount
Intangible assets: |  | (In millions)
Trademarks | Indefinite | $ | 792.1 |  |  | $ | — |  |  | $ | 792.1 |  |  | $ | 793.0 |  |  | $ | — |  |  | $ | 793.0 |
Customer relationships | 10 - 20 | 1,511.3 |  |  | (480.5) |  |  | 1,030.8 |  |  | 1,519.9 |  |  | (464.4) |  |  | 1,055.5 |
Distribution agreements | 15 and 19 | 29.2 |  |  | (26.5) |  |  | 2.7 |  |  | 29.2 |  |  | (26.0) |  |  | 3.2 |
Trademarks | 5 and 12 | 15.5 |  |  | (10.1) |  |  | 5.4 |  |  | 15.5 |  |  | (9.6) |  |  | 5.9 |
|  | $ | 2,348.1 |  |  | $ | (517.1) |  |  | $ | 1,831.0 |  |  | $ | 2,357.6 |  |  | $ | (500.0) |  |  | $ | 1,857.6 |
(1) Excludes the original cost and related accumulated amortization of fully-amortized intangible assets. Amortization expense related to intangible assets totaled $21.9 million and $22.0 million for the three months ended March 31, 2024 and 2023, respectively. The following table sets forth the remaining estimated amortization expense for intangible assets for the next five years and thereafter:
For the year ending December 31, | (In millions)
2024 | $ | 64.0 |
2025 | 82.8 |
2026 | 77.5 |
2027 | 74.6 |
2028 | 72.9 |
Thereafter | 667.1 |
Total | $ | 1,038.9 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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