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Goodwill and other intangible assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and other intangible assets | Goodwill and other intangible assets Changes in the carrying amount of goodwill, by reportable operating segment, for the years ended December 31, 2022 and 2021 were as follows:
| Americas |  |  | EMEA |  | Asia |  | OEM |  | Total
Balance as of December 31, 2020 |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 2,032,410 |  |  |  | $ | 536,228 |  |  | $ | 237,446 |  |  | $ | 112,010 |  |  | $ | 2,918,094 |
Accumulated impairment losses | (332,128) |  |  |  | — |  |  | — |  |  | — |  |  | (332,128) |
| 1,700,282 |  |  |  | 536,228 |  |  | 237,446 |  |  | 112,010 |  |  | 2,585,966 |
Goodwill disposed | (21,802) |  |  |  | (7,537) |  |  | (6,406) |  |  | — |  |  | (35,745) |
Goodwill related to acquisitions | (1,560) |  |  |  | (232) |  |  | (163) |  |  | — |  |  | (1,955) |
Translation and other adjustments | (696) |  |  |  | (36,310) |  |  | (7,058) |  |  | — |  |  | (44,064) |
Balance as of December 31, 2021 | 1,676,224 |  |  |  | 492,149 |  |  | 223,819 |  |  | 112,010 |  |  | 2,504,202 |
Goodwill related to acquisitions | 53,970 |  |  |  | 7,281 |  |  | 10,169 |  |  | — |  |  | 71,420 |
Translation and other adjustments | 899 |  |  |  | (30,906) |  |  | (8,885) |  |  | — |  |  | (38,892) |
Balance as of December 31, 2022 | $ | 1,731,093 |  |  |  | $ | 468,524 |  |  | $ | 225,103 |  |  | $ | 112,010 |  |  | $ | 2,536,730 |
Intangible assets at December 31, 2022 and 2021 consisted of the following:
| Gross Carrying Amount |  | Accumulated Amortization
| 2022 |  | 2021 |  | 2022 |  | 2021
Customer relationships | $ | 1,328,539 |  |  | $ | 1,328,611 |  |  | $ | (497,335) |  |  | $ | (441,059) |
In-process research and development | 27,075 |  |  | 28,158 |  |  | — |  |  | — |
Intellectual property | 1,599,355 |  |  | 1,440,643 |  |  | (646,643) |  |  | (560,740) |
Distribution rights | 23,115 |  |  | 23,434 |  |  | (21,090) |  |  | (20,630) |
Trade names | 564,023 |  |  | 549,269 |  |  | (71,128) |  |  | (59,249) |
Non-compete agreements | 21,429 |  |  | 22,783 |  |  | (21,175) |  |  | (22,153) |
| $ | 3,563,536 |  |  | $ | 3,392,898 |  |  | $ | (1,257,371) |  |  | $ | (1,103,831) |
As of December 31, 2022, trade names having a carrying value of $230.3 million are considered indefinite-lived. Acquired IPR&D is indefinite-lived until the completion of the related development project, at which point amortization of the carrying value of the technology will commence. Amortization expense related to intangible assets was $164.1 million, $165.6 million, and $158.7 million for the years ended December 31, 2022, 2021 and 2020, respectively. The estimated annual amortization expense for each of the five succeeding years is as follows:
2023 | $ | 167,100 |
2024 | 165,000 |
2025 | 164,100 |
2026 | 161,300 |
2027 | 158,100 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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