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Other Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Other Intangible Assets | NOTE 5 – OTHER INTANGIBLE ASSETS The following table analyzes other intangible assets movements in the year:
(in millions) |  | 2023 |
Gross cost at January 1 |  | $ | 291.1 |
Additions |  |  | 10.8 |
Exchange effect |  |  | (0.3 | )
Gross cost at September 30 |  |  | 301.6 |
Accumulated amortization at January 1 |  |  | (246.1 | )
Amortization expense |  |  | (8.0 | )
Exchange effect |  |  | 0.3 |
Accumulated amortization at September 30 |  |  | (253.8 | )
Net book amount at September 30 |  | $ | 47.8 |
The amortization expense for the nine months ended September 30, 2023 was $8.0 million (nine months ended September 30, 2022 – $11.4 million). In 2023, we capitalized $10.8 million in relation to our internally developed software for a new Enterprise Resource Planning (“ERP”) system covering our EMEA and ASPAC regions. The expenses capitalized include the acquisition costs for the software as well as the external and internal costs of the development.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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