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Goodwill and Other Purchased Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Purchased Intangible Assets | 3. GOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS Changes to goodwill by segment were as follows (in millions):
|  | 2023 |  |  | 2022
|  | Life Science |  | Clinical Diagnostics |  | Total |  |  | Life Science |  | Clinical Diagnostics |  | Total
Balances as of January 1: |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 333.3 |  |  | $ | 408.4 |  |  | $ | 741.7 |  |  |  | $ | 333.3 |  |  | $ | 349.2 |  |  | $ | 682.5 |
Accumulated impairment losses and write-offs |  | (41.8) |  |  | (293.4) |  |  | (335.2) |  |  |  | (41.8) |  |  | (293.4) |  |  | (335.2) |
Goodwill, net |  | 291.5 |  |  | 115.0 |  |  | 406.5 |  |  |  | 291.5 |  |  | 55.8 |  |  | 347.3 |
Acquisitions |  | — |  |  | 0.4 |  |  | 0.4 |  |  |  | — |  |  | 55.9 |  |  | 55.9 |
Foreign currency adjustments |  | — |  |  | 6.7 |  |  | 6.7 |  |  |  | — |  |  | 3.3 |  |  | 3.3 |
Period increase, net |  | — |  |  | 7.1 |  |  | 7.1 |  |  |  | — |  |  | 59.2 |  |  | 59.2 |
Balances as of December 31: |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | 333.3 |  |  | 415.5 |  |  | 748.8 |  |  |  | 333.3 |  |  | 408.4 |  |  | 741.7 |
Accumulated impairment losses and write-offs |  | (41.8) |  |  | (293.4) |  |  | (335.2) |  |  |  | (41.8) |  |  | (293.4) |  |  | (335.2) |
Goodwill, net |  | $ | 291.5 |  |  | $ | 122.1 |  |  | $ | 413.6 |  |  |  | $ | 291.5 |  |  | $ | 115.0 |  |  | $ | 406.5 |
Information regarding our identifiable purchased intangible assets with finite and indefinite lives is as follows (in millions):
| December 31, 2023
| Weighted-Average Amortization Period (years) |  | Purchase Price |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships/lists | 5.2 |  | $ | 108.7 |  |  | $ | (98.9) |  |  | $ | 9.8 |
Know how | 1.8 |  | 168.9 |  |  | (161.1) |  |  | 7.8 |
Developed product technology | 12.0 |  | 217.8 |  |  | (132.9) |  |  | 84.9 |
Licenses | 4.9 |  | 59.2 |  |  | (42.4) |  |  | 16.8 |
Tradenames | 5.6 |  | 6.1 |  |  | (4.7) |  |  | 1.4 |
Covenants not to compete | 2.3 |  | 6.4 |  |  | (4.8) |  |  | 1.6 |
Total finite-lived intangible assets |  |  | 567.1 |  |  | (444.8) |  |  | 122.3 |
In-process research and development |  |  | 198.2 |  |  | — |  |  | 198.2 |
Total purchased intangible assets |  |  | $ | 765.3 |  |  | $ | (444.8) |  |  | $ | 320.5 |
| December 31, 2022
| Weighted-Average Amortization Period (years) |  | Purchase Price |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships/lists | 5.0 |  | $ | 104.7 |  |  | $ | (89.9) |  |  | $ | 14.8 |
Know how | 2.8 |  | 166.2 |  |  | (153.9) |  |  | 12.3 |
Developed product technology | 12.8 |  | 211.1 |  |  | (121.6) |  |  | 89.5 |
Licenses | 5.8 |  | 59.0 |  |  | (38.5) |  |  | 20.5 |
Tradenames | 6.6 |  | 6.1 |  |  | (4.5) |  |  | 1.6 |
Covenants not to compete | 3.1 |  | 6.4 |  |  | (4.0) |  |  | 2.4 |
Total finite-lived intangible assets |  |  | 553.5 |  |  | (412.4) |  |  | 141.1 |
In-process research and development |  |  | 191.0 |  |  | — |  |  | 191.0 |
Total purchased intangible assets |  |  | $ | 744.5 |  |  | $ | (412.4) |  |  | $ | 332.1 |
Amortization expense related to purchased intangible assets for the years ended December 31, 2023, 2022 and 2021 was $23.8 million, $24.9 million and $28.4 million, respectively. Estimated future amortization expense (based on existing purchased finite-lived intangible assets) for the years ending December 31, 2024, 2025, 2026, 2027, 2028 and thereafter is $21.3 million, $19.3 million, $14.4 million, $12.0 million, $12.0 million, and $43.3 million, respectively. No impairment losses related to goodwill and purchased intangibles were recorded in 2023 and 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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