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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Changes to goodwill are as follows:
(in millions) | Crane Payment Innovations | Crane Currency | Total
Balance as of December 31, 2022 | $ | 622.4 |  | $ | 214.2 |  | $ | 836.6 |
Currency translation | (1.1) |  | (0.2) |  | (1.3) |
Balance as of June 30, 2023 | $ | 621.3 |  | $ | 214.0 |  | $ | 835.3 |
As of June 30, 2023, we had $325.0 million of net intangible assets, of which $45.5 million were intangibles with indefinite useful lives. As of December 31, 2022, we had $344.9 million of net intangible assets, of which $45.5 million were intangibles with indefinite useful lives. Changes to intangible assets are as follows:
(in millions) | Six Months Ended June 30, 2023 |  | Year Ended December 31, 2022
Balance at beginning of period, net of accumulated amortization | $ | 344.9 |  |  | $ | 388.5 |
Amortization expense | (18.1) |  |  | (36.0) |
Currency translation and other | (1.8) |  |  | (7.6) |
Balance at end of period, net of accumulated amortization | $ | 325.0 |  |  | $ | 344.9 |
A summary of intangible assets are as follows:
|  |  | June 30, 2023 |  | December 31, 2022
(in millions) | Weighted Average Amortization Period of Finite Lived Assets (in years) |  | Gross Asset |  | Accumulated Amortization |  | Net |  | Gross Asset |  | Accumulated Amortization |  | Net
Intellectual property rights | 10.3 |  | $ | 62.1 |  |  | $ | 14.5 |  |  | $ | 47.6 |  |  | $ | 62.0 |  |  | $ | 14.0 |  |  | $ | 48.0 |
Customer relationships and backlog | 18.8 |  | 500.6 |  |  | 254.4 |  |  | 246.2 |  |  | 502.9 |  |  | 242.0 |  |  | 260.9 |
Other | 10.0 |  | 98.9 |  |  | 67.7 |  |  | 31.2 |  |  | 98.7 |  |  | 62.7 |  |  | 36.0 |
Total | 18.0 |  | $ | 661.6 |  |  | $ | 336.6 |  |  | $ | 325.0 |  |  | $ | 663.6 |  |  | $ | 318.7 |  |  | $ | 344.9 |
Future amortization expense associated with intangible assets is expected to be:
(in millions) |
Remainder of 2023 | $ | 18.2 |
2024 | 35.7 |
2025 | 30.3 |
2026 | 30.1 |
2027 | 29.3 |
2028 and after | 135.9 |

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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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