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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill by reporting segment since December 31, 2021 are as follows:
| Pharma |  | Beauty + Home |  | Food + Beverage |  | Total
Balance as of December 31, 2021 | $ | 520,197 |  |  | $ | 325,719 |  |  | $ | 128,241 |  |  | $ | 974,157 |
Foreign currency exchange effects | (29,275) |  |  | (8,295) |  |  | (480) |  |  | (38,050) |
Balance as of June 30, 2022 | $ | 490,922 |  |  | $ | 317,424 |  |  | $ | 127,761 |  |  | $ | 936,107 |
The table below shows a summary of intangible assets as of June 30, 2022 and December 31, 2021.
|  |  | June 30, 2022 |  | December 31, 2021
Weighted Average Amortization Period (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 14.1 |  | $ | 2,799 |  |  | $ | (1,650) |  |  | $ | 1,149 |  |  | $ | 2,767 |  |  | $ | (1,528) |  |  | $ | 1,239 |
Acquired technology | 11.4 |  | 133,695 |  |  | (49,689) |  |  | 84,006 |  |  | 140,936 |  |  | (45,613) |  |  | 95,323 |
Customer relationships | 13.4 |  | 303,681 |  |  | (86,613) |  |  | 217,068 |  |  | 311,964 |  |  | (77,512) |  |  | 234,452 |
Trademarks and trade names | 7.0 |  | 43,371 |  |  | (24,973) |  |  | 18,398 |  |  | 44,893 |  |  | (22,886) |  |  | 22,007 |
License agreements and other | 39.1 |  | 15,310 |  |  | (6,646) |  |  | 8,664 |  |  | 16,179 |  |  | (6,857) |  |  | 9,322 |
Total intangible assets | 13.2 |  | $ | 498,856 |  |  | $ | (169,571) |  |  | $ | 329,285 |  |  | $ | 516,739 |  |  | $ | (154,396) |  |  | $ | 362,343 |
Aggregate amortization expense for the intangible assets above for the quarters ended June 30, 2022 and 2021 was $11,067 and $9,811, respectively. Aggregate amortization expense for the intangible assets above for the six months ended June 30, 2022 and 2021 was $22,094 and $19,622, respectively. Future estimated amortization expense for the years ending December 31 is as follows:
2022 | $ | 21,459 |  |  | (remaining estimated amortization for 2022)
2023 | 42,669 |  |  |
2024 | 39,455 |  |  |
2025 | 38,039 |  |  |
2026 | 35,919 |  |  |
Thereafter | 151,744 |  |  |
Future amortization expense may fluctuate depending on changes in foreign currency rates. The estimates for amortization expense noted above are based upon foreign exchange rates as of June 30, 2022.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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