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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
    Changes in the carrying amount of goodwill during the six months ended June 30, 2024 are summarized as follows (in millions):
North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/Africa
Unallocated(1)
Consolidated
Balance as of December 31, 2023$668.2 $93.5 $458.5 $113.2 $— $1,333.4 
Acquisitions— — 8.7 — 1,803.3 1,812.0 
Reclassified to held for sale(2)
(524.0)(12.8)(61.1)(110.3)— (708.2)
Foreign currency translation(1.4)(11.8)(13.0)(2.9)(0.3)(29.4)
Balance as of June 30, 2024$142.8 $68.9 $393.1 $— $1,803.0 $2,407.8 
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(1) Unallocated goodwill relates to the PTx Trimble joint venture transaction. Refer to Note 2 for additional information.
(2) Reclassification resulting from the Company's classification of the G&P business as held for sale, $494.6 million is included within “Loss on business held for sale” in the Company’s Condensed Consolidated Statements of Operations and $213.6 million is included within “Assets held for sale” in the Company’s Condensed Consolidated Balance Sheets. Refer to Note 3 for additional information.

    Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of October 1st each year.
    Changes in the carrying amount of acquired intangible assets during the six months ended June 30, 2024 are summarized as follows (in millions):

Gross carrying amounts:Trademarks and Trade NamesCustomer RelationshipsPatents and Technology
Other
Total
Balance as of December 31, 2023$194.3 $580.7 $148.2 $6.3 $929.5 
Acquisitions10.7 39.4 453.0 41.9 545.0 
Reclassified to held for sale(1)
(122.0)(417.3)(58.7)— (598.0)
Foreign currency translation(3.5)(11.6)(6.6)(0.1)(21.8)
Balance as of June 30, 2024$79.5 $191.2 $535.9 $48.1 $854.7 

Accumulated amortization:Trademarks and Trade NamesCustomer RelationshipsPatents and Technology
Other
Total
Balance as of December 31, 2023$114.5 $483.4 $113.3 $1.7 $712.9 
Amortization expense5.5 31.6 5.0 3.5 45.6 
Reclassified to held for sale(1)
(73.9)(367.4)(48.9)— (490.2)
Foreign currency translation(2.2)(23.1)7.6 (0.1)(17.8)
Balance as of June 30, 2024$43.9 $124.5 $77.0 $5.1 $250.5 

Indefinite-lived intangible assets:Trademarks and Trade Names
Balance as of December 31, 2023$85.9 
Foreign currency translation(1.1)
Balance as of June 30, 2024$84.8 
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(1) Reclassification resulting from the Company's classification of the G&P business as held for sale. Refer to Note 3 for additional information.
    
    The Company amortizes certain acquired identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from one to 50 years. External-use software, net, developed by the Company and marketed externally, was approximately $0.9 million and $6.3 million as of June 30, 2024 and December 31, 2023, respectively, and classified within “Intangible assets, net.” As of June 30, 2024, $4.5 million of external-use software, net was reclassified to held for sale.