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Goodwill and Identifiable Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | 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.
Schedule of Acquired Intangible Assets | 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 |
Schedule of Estimated Future Amortization Expense | 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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