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Other Intangible Assets
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note 7 – Other Intangible Assets

Other intangible assets are summarized as follows:

(in millions)

 

September 30,
2024

 

 

December 31,
2023

 

Finite-lived intangible assets:

 

 

 

 

 

 

Customer relationships

 

$

161.7

 

 

$

191.4

 

Noncompete agreements

 

 

10.7

 

 

 

28.2

 

Trademarks

 

 

70.7

 

 

 

70.6

 

Internal-use software licenses

 

 

21.7

 

 

 

16.5

 

Patents

 

 

2.8

 

 

 

2.8

 

 

 

267.6

 

 

 

309.5

 

Accumulated amortization

 

 

(149.9

)

 

 

(172.6

)

 

 

117.7

 

 

 

136.9

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

Licenses

 

 

16.9

 

 

 

16.9

 

 

$

134.6

 

 

$

153.8

 

 

Amortization expense for finite-lived intangible assets was $10.7 million and $34.2 million for the three and nine months ended September 30, 2024, respectively, and $12.9 million and $39.0 million for the three and nine months ended September 30, 2023, respectively.

Estimated amortization expense for finite-lived intangible assets for the next five years is as follows:

Year

 

(in millions)

 

Remainder of 2024

 

$

9.9

 

2025

 

$

31.0

 

2026

 

$

27.7

 

2027

 

$

13.1

 

2028

 

$

8.5

 

2029

 

$

6.0