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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The gross carrying amount of goodwill was as follows (in thousands):
Balance at December 31, 2024 | $ | 1,716,323 |
Foreign exchange | 43,722 |
Balance at March 31, 2025 | $ | 1,760,045 |
The gross carrying amounts and net book values of our intangible assets were as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
| Remaining Weighted- Average Useful Life (In years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Acquired developed technologies | 7.6 |  | $ | 7,888,175 |  |  | $ | (3,170,017) |  |  | $ | 4,718,158 |  |  | $ | 7,699,423 |  |  | $ | (2,943,728) |  |  | $ | 4,755,695 |
Manufacturing contracts | — |  | 11,577 |  |  | (11,577) |  |  | — |  |  | 11,121 |  |  | (11,121) |  |  | — |
Trademarks | — |  | 2,879 |  |  | (2,879) |  |  | — |  |  | 2,868 |  |  | (2,868) |  |  | — |
Total finite-lived intangible assets |  |  | $ | 7,902,631 |  |  | $ | (3,184,473) |  |  | $ | 4,718,158 |  |  | $ | 7,713,412 |  |  | $ | (2,957,717) |  |  | $ | 4,755,695 |
The increase in the gross carrying amount of intangible assets as of March 31, 2025, compared to December 31, 2024, relates to the positive impact of foreign currency translation adjustments primarily due to the strengthening of sterling against the U.S. dollar. The assumptions and estimates used to determine future cash flows and remaining useful lives of our intangible and other long-lived assets are complex and subjective. They can be affected by various factors, including external factors, such as industry and economic trends, and internal factors such as changes in our business strategy and our forecasts for specific product lines. Based on finite-lived intangible assets recorded as of March 31, 2025, and assuming the underlying assets will not be impaired and that we will not change the expected lives of the assets, future amortization expenses were estimated as follows (in thousands):
Year Ending December 31, | Estimated Amortization Expense
2025 (remainder) | $ | 475,293 |
2026 | 633,724 |
2027 | 633,724 |
2028 | 632,392 |
2029 | 630,658 |
Thereafter | 1,712,367 |
Total | $ | 4,718,158 |

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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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