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GOODWILL (Notes) | 6 Months Ended
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Jun. 30, 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:
| Six Months Ended
| June 30, 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 | (17.6) |  |  | (4.2) |  |  | (8.3) |  |  | (30.1) |
Adjustment to goodwill for acquisition(1) | — |  |  | 29.0 |  |  | — |  |  | 29.0 |
Adjustment to goodwill for divestiture(2) | — |  |  | — |  |  | (58.1) |  |  | (58.1) |
Ending balance, June 30 | $ | 820.5 |  |  | $ | 1,236.4 |  |  | $ | 1,146.2 |  |  | $ | 3,203.1 |
(1) Reflects the preliminary allocation of the purchase price paid to acquire entroCIM, which is part of the CSS segment, as described in Note 4, “Acquisitions and Divestitures”. (2) Reflects the amount of goodwill that was allocated to the WIS business, which was part of the UBS segment, and was sold on April 1, 2024, as described in Note 4, “Acquisitions and Divestitures”. The components of intangible assets are as follows:
|  | As of
|  | June 30, 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 | $ | 791.7 |  |  | $ | — |  |  | $ | 791.7 |  |  | $ | 793.0 |  |  | $ | — |  |  | $ | 793.0 |
Customer relationships | 10 - 20 | 1,509.9 |  |  | (500.4) |  |  | 1,009.5 |  |  | 1,519.9 |  |  | (464.4) |  |  | 1,055.5 |
Distribution agreements | 15 and 19 | 29.2 |  |  | (26.9) |  |  | 2.3 |  |  | 29.2 |  |  | (26.0) |  |  | 3.2 |
Trademarks | 5 and 12 | 15.5 |  |  | (10.6) |  |  | 4.9 |  |  | 15.5 |  |  | (9.6) |  |  | 5.9 |
Software | 6 | 8.0 |  |  | — |  |  | 8.0 |  |  | — |  |  | — |  |  | — |
|  | $ | 2,354.3 |  |  | $ | (537.9) |  |  | $ | 1,816.4 |  |  | $ | 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 $22.4 million for the three months ended June 30, 2024 and 2023, respectively, and $43.8 million and $44.4 million for the six months ended June 30, 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 | $ | 42.8 |
2025 | 84.1 |
2026 | 78.8 |
2027 | 75.9 |
2028 | 74.2 |
Thereafter | 668.9 |
Total | $ | 1,024.7 |

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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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