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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets Goodwill The following table sets forth the changes in the carrying amount of goodwill (in millions):
Balance at December 31, 2023 |  | $ | 582.6 |
Current period additions/adjustments |  |  | 876.1 |
Foreign currency effect |  |  | (14.9 | )
Balance at June 30, 2024 |  | $ | 1,443.8 |
Intangible Assets The following is a summary of intangible assets (in millions):
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Existing technology and related patents |  | $ | 742.0 |  |  | $ | (264.0 | ) |  | $ | 478.0 |  |  | $ | 428.3 |  |  | $ | (250.4 | ) |  | $ | 177.9 |
Customer relationships |  |  | 586.7 |  |  |  | (106.5 | ) |  | $ | 480.2 |  |  |  | 227.4 |  |  |  | (93.5 | ) |  |  | 133.9 |
Trade names |  |  | 66.9 |  |  |  | (12.8 | ) |  | $ | 54.1 |  |  |  | 28.4 |  |  |  | (10.1 | ) |  |  | 18.3 |
Other |  |  | 16.7 |  |  |  | (4.7 | ) |  | $ | 12.0 |  |  |  | 2.2 |  |  |  | (1.8 | ) |  |  | 0.4 |
Intangible assets |  | $ | 1,412.3 |  |  | $ | (388.0 | ) |  | $ | 1,024.3 |  |  | $ | 686.3 |  |  | $ | (355.8 | ) |  | $ | 330.5 |
For the three months ended June 30, 2024, and 2023, the Company recorded amortization expense of $25.1 million and $11.2 million, respectively, related to intangible assets subject to amortization. For the six months ended June 30, 2024, and 2023, the Company recorded amortization expense of $41.3 million and $21.9 million, respectively, related to intangible assets subject to amortization. On a quarterly basis, the Company reviews its goodwill and intangible assets to determine if there have been any triggering events that could indicate an impairment. See Note 14, Other Charges, Net for discussion related to the impairment of other long-lived assets in connection with BCA and other restructuring plans for the three and six months ended June 30, 2024. There were no triggering events noted for the three and six months ended June 30, 2023.

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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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