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Goodwill and Identifiable Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Identifiable Intangible Assets | The following table summarizes the activity related to the carrying amount of goodwill by reportable segment since December 31, 2021 (in millions). See Note 15. Segment Reporting for more information on the Company's reportable segments.
| Commercial |  | Federal Government |  | Total
Balance as of December 31, 2021 | $ | 829.3 |  |  | $ | 740.2 |  |  | $ | 1,569.5 |
2022 acquisitions | 246.4 |  |  | 85.5 |  |  | 331.9 |
Purchase price adjustment | 0.4 |  |  | (8.5) |  |  | (8.1) |
Translation adjustment | (1.4) |  |  | — |  |  | (1.4) |
Balance as of December 31, 2022 | 1,074.7 |  |  | 817.2 |  |  | 1,891.9 |
Purchase price adjustment | — |  |  | 1.1 |  |  | 1.1 |
Translation adjustment | 1.1 |  |  | — |  |  | 1.1 |
Balance as of December 31, 2023 | $ | 1,075.8 |  |  | $ | 818.3 |  |  | $ | 1,894.1 |
___________________ Approximately $250.7 million of the goodwill for the 2022 acquisitions is deductible for income tax purposes. Acquired intangible assets consisted of the following (in millions):
|  |  |  | December 31, 2023 |  | December 31, 2022
|  | Estimated Useful Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer and contractual relationships |  | 7 - 13 |  | $ | 496.0 |  |  | $ | 282.0 |  |  | $ | 214.0 |  |  | $ | 589.3 |  |  | $ | 315.7 |  |  | $ | 273.6 |
Contract Backlog |  | 1 - 3 |  | — |  |  | — |  |  | — |  |  | 44.1 |  |  | 36.5 |  |  | 7.6 |
Non-compete agreements |  | 2 - 7 |  | 29.3 |  |  | 18.2 |  |  | 11.1 |  |  | 41.2 |  |  | 25.6 |  |  | 15.6 |
|  |  |  | 525.3 |  |  | 300.2 |  |  | 225.1 |  |  | 674.6 |  |  | 377.8 |  |  | 296.8 |
Not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  | 272.8 |  |  | — |  |  | 272.8 |  |  | 272.8 |  |  | — |  |  | 272.8 |
|  |  |  | $ | 798.1 |  |  | $ | 300.2 |  |  | $ | 497.9 |  |  | $ | 947.4 |  |  | $ | 377.8 |  |  | $ | 569.6 |
The Company removed gross and accumulated amortization balances related to intangible assets that are fully amortized as of December 31, 2023. Estimated future amortization expense is as follows (in millions):
2024 | $ | 58.1 |
2025 | 48.8 |
2026 | 41.8 |
2027 | 32.0 |
2028 | 21.2 |
Thereafter | 23.2 |
| $ | 225.1 |

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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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