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Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | INTANGIBLE ASSETS, NET Intangible assets originated from the Company’s reorganization and application of fresh start accounting as of the date the Company emerged from bankruptcy, September 30, 2014, and reflect the conditions at that time. The intangible asset related to the Company’s Order Book is amortized as the Order Book, existing at emergence, is reduced, principally as a result of deliveries to customers. The intangible asset related to customer relationships is amortized using the straight-line method over the estimated average useful life of 15 years. Amortization expense is presented below gross profit on the Consolidated Statements of Operations. Intangible asset balances are as follows (in millions):
| December 31, 2023 |  | December 31, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
Sales order book | $ | 54.6 |  |  | $ | 41.6 |  |  | $ | 13.0 |  |  | $ | 54.6 |  |  | $ | 39.9 |  |  | $ | 14.7 |
Customer relationships | 68.9 |  |  | 42.5 |  |  | 26.4 |  |  | 68.9 |  |  | 37.9 |  |  | 31.0 |
Total | $ | 123.5 |  |  | $ | 84.1 |  |  | $ | 39.4 |  |  | $ | 123.5 |  |  | $ | 77.8 |  |  | $ | 45.7 |
The amount of amortization expense for intangible assets in each of the succeeding years is estimated to be as follows (in millions):
2024 | $ | 8.9 |
2025 | 9.1 |
2026 | 7.4 |
2027 | 6.0 |
2028 | 4.6 |
Thereafter | 3.4 |
Total | $ | 39.4 |

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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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