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Goodwill and Identifiable Assets | 12 Months Ended
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Dec. 31, 2024
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, 2022 (in millions). See Note 14. Segment Reporting for more information on the Company's reportable segments.
| Commercial |  | Federal Government |  | Total
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 |
Translation adjustment | (1.0) |  |  | — |  |  | (1.0) |
Balance as of December 31, 2024 | $ | 1,074.8 |  |  | $ | 818.3 |  |  | $ | 1,893.1 |
Acquired intangible assets consisted of the following (in millions):
|  |  |  | December 31, 2024 |  | December 31, 2023
|  | 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 |  | $ | 405.3 |  |  | $ | 245.0 |  |  | $ | 160.3 |  |  | $ | 496.0 |  |  | $ | 282.0 |  |  | $ | 214.0 |
Non-compete agreements |  | 2 - 7 |  | 21.4 |  |  | 14.7 |  |  | 6.7 |  |  | 29.3 |  |  | 18.2 |  |  | 11.1 |
|  |  |  | 426.7 |  |  | 259.7 |  |  | 167.0 |  |  | 525.3 |  |  | 300.2 |  |  | 225.1 |
Not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  | 272.8 |  |  | — |  |  | 272.8 |  |  | 272.8 |  |  | — |  |  | 272.8 |
|  |  |  | $ | 699.5 |  |  | $ | 259.7 |  |  | $ | 439.8 |  |  | $ | 798.1 |  |  | $ | 300.2 |  |  | $ | 497.9 |
The Company removed gross and accumulated amortization balances related to intangible assets that are fully amortized as of December 31, 2024 and 2023. Estimated future amortization expense is as follows (in millions):
2025 | $ | 50.8 |
2026 | 43.8 |
2027 | 33.4 |
2028 | 17.9 |
2029 | 13.1 |
Thereafter | 8.0 |
| $ | 167.0 |

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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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