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3. Intangible Assets, Goodwill and Other

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

GOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS

Goodwill by segment are as follows (in millions):

			Life Science						Clinical Diagnostics						Total
Balances as of June 30, 2021 and December 31, 2020:
Goodwill			$	277.9					$	349.2					$	627.1
Accumulated impairment losses			(41.8)						(293.4)						(335.2)
Goodwill, net			$	236.1					$	55.8					$	291.9

Information regarding our identifiable purchased intangible assets with definite and indefinite lives is as follows (in millions):

			June 30, 2021
			Weighted-Average Remaining Amortization Period (years)						Purchase Price						Accumulated Amortization						Net Carrying Amount
Customer relationships/lists			5.38						$	114.0					$	(89.1)					$	24.9
Know how			4.25						193.7						(174.7)						19.0
Developed product technology			13.68						217.6						(111.8)						105.8
Licenses			7.26						65.3						(39.0)						26.3
Tradenames			7.58						6.4						(4.3)						2.1
Covenants not to compete			3.47						4.6						(2.4)						2.2
Other			—						0.1						(0.1)						—
Total definite-lived intangible assets									601.7						(421.4)						180.3
In-process research and development									4.6						—						4.6
Total purchased intangible assets									$	606.3					$	(421.4)					$	184.9

			December 31, 2020
			Weighted-Average Remaining Amortization Period (years)						Purchase Price						Accumulated Amortization						Net Carrying Amount
Customer relationships/lists			5.51						$	116.6					$	(87.2)					$	29.4
Know how			4.75						196.6						(175.4)						21.2
Developed product technology			14.00						218.1						(107.1)						111.0
Licenses			7.73						65.6						(37.4)						28.2
Tradenames			7.82						6.6						(4.2)						2.4
Covenants not to compete			3.87						4.5						(2.0)						2.5
Other			—						0.1						(0.1)						—
Total definite-lived intangible assets									608.1						(413.4)						194.7
In-process research and development									4.8						—						4.8
Total purchased intangible assets									$	612.9					$	(413.4)					$	199.5

Amortization expense related to purchased intangible assets is as follows (in millions):

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Amortization expense			$	7.2					$	7.2					$	14.4					$	13.1

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- References

No definition available.

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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 http://asc.fasb.org/topic&trid=2144416

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