XML 43 R37.htm IDEA: XBRL DOCUMENT v3.24.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of 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

 

 

874.0

 

Foreign currency effect

 

 

18.0

 

Balance at September 30, 2024

 

$

1,474.6

 

 
Summary of intangible assets

The following is a summary of intangible assets (in millions):

 

September 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

 

$

768.3

 

 

$

(285.3

)

 

$

483.0

 

 

$

428.3

 

 

$

(250.4

)

 

$

177.9

 

Customer relationships

 

 

599.1

 

 

 

(120.6

)

 

 

478.5

 

 

 

227.4

 

 

 

(93.5

)

 

 

133.9

 

Trade names

 

 

68.6

 

 

 

(14.7

)

 

 

53.9

 

 

 

28.4

 

 

 

(10.1

)

 

 

18.3

 

Other

 

 

17.4

 

 

 

(6.3

)

 

 

11.1

 

 

 

2.2

 

 

 

(1.8

)

 

 

0.4

 

Intangible assets

 

$

1,453.4

 

 

$

(426.9

)

 

$

1,026.5

 

 

$

686.3

 

 

$

(355.8

)

 

$

330.5