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Goodwill and Other Purchased Intangible Assets | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Purchased Intangible Assets | 4. GOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS Changes to goodwill by segment were as follows (in millions):
| Life Science |  | Clinical Diagnostics |  | Total
Balances as of December 31, 2024: |  |  |  |  |
Goodwill | $ | 333.3 |  |  | $ | 412.4 |  |  | $ | 745.7 |
Accumulated impairment losses | (41.8) |  |  | (293.4) |  |  | (335.2) |
Goodwill, net | 291.5 |  |  | 119.0 |  |  | 410.5 |
Acquisitions | 161.9 |  |  | — |  |  | 161.9 |
Foreign currency adjustments | — |  |  | 9.2 |  |  | 9.2 |
Period change, net | 161.9 |  |  | 9.2 |  |  | 171.1 |
Balances as of June 30, 2025: |  |  |  |  |
Goodwill | 495.2 |  |  | 421.6 |  |  | 916.8 |
Accumulated impairment losses | (41.8) |  |  | (293.4) |  |  | (335.2) |
Goodwill, net | $ | 453.4 |  |  | $ | 128.2 |  |  | $ | 581.6 |
Information regarding our identifiable purchased intangible assets with finite and indefinite lives is as follows (in millions):
| June 30, 2025
| Weighted-Average Remaining Amortization Period (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships/lists | 4.8 |  | $ | 115.5 |  |  | $ | (106.7) |  |  | $ | 8.8 |
Know how | 0.3 |  | 175.0 |  |  | (173.8) |  |  | 1.2 |
Developed product technology | 11.1 |  | 316.1 |  |  | (151.3) |  |  | 164.8 |
Licenses | 3.5 |  | 59.8 |  |  | (48.4) |  |  | 11.4 |
Tradenames | 4.1 |  | 6.1 |  |  | (5.1) |  |  | 1.0 |
Covenants not to compete | 0.8 |  | 6.5 |  |  | (5.9) |  |  | 0.6 |
Total finite-lived intangible assets |  |  | 679.0 |  |  | (491.2) |  |  | 187.8 |
In-process research and development |  |  | 209.1 |  |  | — |  |  | 209.1 |
Total purchased intangible assets |  |  | $ | 888.1 |  |  | $ | (491.2) |  |  | $ | 396.9 |
| December 31, 2024
| Weighted-Average Remaining Amortization Period (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships/lists | 4.6 |  | $ | 102.9 |  |  | $ | (95.6) |  |  | $ | 7.3 |
Know how | 0.8 |  | 163.4 |  |  | (160.0) |  |  | 3.4 |
Developed product technology | 11.5 |  | 215.5 |  |  | (140.4) |  |  | 75.1 |
Licenses | 4.0 |  | 58.7 |  |  | (45.6) |  |  | 13.1 |
Tradenames | 4.6 |  | 5.9 |  |  | (4.8) |  |  | 1.1 |
Covenants not to compete | 1.3 |  | 6.4 |  |  | (5.5) |  |  | 0.9 |
Total finite-lived intangible assets |  |  | 552.8 |  |  | (451.9) |  |  | 100.9 |
In-process research and development |  |  | 192.7 |  |  | — |  |  | 192.7 |
Total purchased intangible assets |  |  | $ | 745.5 |  |  | $ | (451.9) |  |  | $ | 293.6 |
Amortization expense related to purchased intangible assets was as follows (in millions):
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Amortization expense | $ | 5.2 |  |  | $ | 5.3 |  |  | $ | 10.2 |  |  | $ | 10.8 |

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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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