Intangible Assets, net (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net, consist of the following:


	September 30, 2023						As Adjusted, December 31, 2022(1)
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships	$	204.0	$	(28.5)	$	175.5	$	220.9	$	(19.3)	$	201.6
Acquired technologies	169.6		(40.3)		129.3		185.3		(25.2)		160.1
Licenses	38.0		(6.6)		31.4		39.0		(4.4)		34.6
Capitalized software development costs	41.0		(13.6)		27.4		25.0		(2.9)		22.1
Patents	38.2		(14.7)		23.5		35.2		(13.9)		21.3
Trademarks	20.0		(6.9)		13.1		19.8		(5.8)		14.0
Non-compete agreements	6.3		(2.2)		4.1		6.3		(1.1)		5.2
Licenses-related party	7.5		(6.6)		0.9		7.5		(6.3)		1.2
Other	1.6		(1.3)		0.3		1.6		(1.1)		0.5
Total intangible assets subject to amortization, net	$	526.2	$	(120.7)	$	405.5	$	540.6	$	(80.0)	$	460.6
Intangible assets not subject to amortization:
Trademarks					$	231.5					$	262.0
Impairment charge					(7.0)						—
Total trademarks					224.5						262.0
Intangible assets, net					$	630.0					$	722.6

The following intangible assets reclassification adjustments were made as of September 30, 2023(1):


	As Adjusted, December 31, 2022			As Previously Filed, December 31, 2022
(in millions)	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Intangible assets subject to amortization:
Capitalized software development costs	25.0	(2.9)	22.1	5.5	(2.9)	2.6
Trademarks	19.8	(5.8)	14.0	39.3	(5.8)	33.5

_____________________

(1) The Company recorded an immaterial reclassification adjustment between the intangible assets balances in Trademarks and Capitalized Software Development Costs in the amount of $19.5 million, for the year ended December 31, 2022. The adjusted balances are reflected as of September 30, 2023. There was no impact on total intangible assets, net as of December 31, 2022.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for each of the next fiscal years is as follows:


Fiscal year	Amount (in millions)
2023 (balance of year)	$	15.7
2024	54.5
2025	43.7
2026	41.1
2027	40.8
Thereafter	209.7
Total	$	405.5