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GOODWILL (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill [Line Items] |
Schedule of Goodwill [Table Text Block] |
| 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”.
Schedule of Finite-Lived Intangible Assets | 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.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | 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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