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Other Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Other Intangible Assets | Note 9. Other Intangible Assets The following table analyzes other intangible assets movement for 2023 and 2022.
(in millions) |  | 2023 |  |  | 2022 |
Gross cost at January 1 |  | $ | 291.1 |  |  | $ | 295.2 |
Additions |  |  | 22.4 |  |  |  | 2.7 |
Written down in the year |  |  | — |  |  |  | (4.1 | )
Exchange effect |  |  | 1.6 |  |  |  | (2.7 | )
Gross cost at December 31 |  |  | 315.1 |  |  |  | 291.1 |
Accumulated amortization at January 1 |  |  | (246.1 | ) |  |  | (237.7 | )
Amortization expense |  |  | (10.6 | ) |  |  | (14.0 | )
Written down in the year |  |  | — |  |  |  | 4.1 |
Exchange effect |  |  | (1.1 | ) |  |  | 1.5 |
Accumulated amortization at December 31 |  |  | (257.8 | ) |  |  | (246.1 | )
Net book amount at December 31 |  | $ | 57.3 |  |  | $ | 45.0 |
Amortization expense The amortization expense was $10.6 million, $14.0 million and $16.0 million in 2023, 2022 and 2021, respectively. Excluding the impact of foreign exchange translation on the balance sheet, $2.3 million, $2.3 million and $2.3 million of amortization, respectively, was recognized in cost of goods sold, and the remainder was recognized in selling, general and administrative expenses. In 2023, we capitalized $15.1 million (2022 - $2.7 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. The additional completion costs are currently expected to be approximately $8.9 million. A timescale and plan for the further implementation of the new ERP system into our other regions has not yet been fully determined at this time. In 2023, we capitalized $7.3 million in relation to the acquisition of QGP. See Note 5 of the Notes to the Consolidated Financial Statements for further details. Other intangible assets at December 31, 2023 were:
(in millions) |  | Gross carrying amount |  |  | Accumulated amortization |
Product rights |  | $ | 34.0 |  |  | $ | (34.0 | )
Brand names |  |  | 8.9 |  |  |  | (8.4 | )
Technology |  |  | 55.1 |  |  |  | (42.3 | )
Customer relationships |  |  | 131.6 |  |  |  | (105.4 | )
Internally developed software |  |  | 60.5 |  |  |  | (42.7 | )
Other |  |  | 25.0 |  |  |  | (25.0 | )
|  | $ | 315.1 |  |  | $ | (257.8 | )
Other intangible assets at December 31, 2022 were:
(in millions) |  | Gross carrying amount |  |  | Accumulated amortization |
Product rights |  | $ | 34.0 |  |  | $ | (34.0 | )
Brand names |  |  | 8.9 |  |  |  | (7.8 | )
Technology |  |  | 55.1 |  |  |  | (40.0 | )
Customer relationships |  |  | 122.9 |  |  |  | (96.9 | )
Internally developed software |  |  | 45.2 |  |  |  | (42.4 | )
Other |  |  | 25.0 |  |  |  | (25.0 | )
|  | $ | 291.1 |  |  | $ | (246.1 | )
Future amortization expense is estimated to be as follows for the next five years:
(in millions) |  |  |
2024 |  | $ | 11.8 |
2025 |  | $ | 10.2 |
2026 |  | $ | 10.0 |
2027 |  | $ | 6.5 |
2028 |  | $ | 6.1 |

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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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