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Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Other Intangible Assets | The following table analyzes other intangible assets movement for 2024 and 2023.
(in millions) |  | 2024 |  |  | 2023 |
Gross cost at January 1 |  | $ | 315.1 |  |  | $ | 291.1 |
Additions |  |  | 24.3 |  |  |  | 22.4 |
Exchange effect |  |  | (7.5 | ) |  |  | 1.6 |
Gross cost at December 31 |  |  | 331.9 |  |  |  | 315.1 |
Accumulated amortization at January 1 |  |  | (257.8 | ) |  |  | (246.1 | )
Amortization expense |  |  | (12.6 | ) |  |  | (10.6 | )
Exchange effect |  |  | 3.9 |  |  |  | (1.1 | )
Accumulated amortization at December 31 |  |  | (266.5 | ) |  |  | (257.8 | )
Net book amount at December 31 |  | $ | 65.4 |  |  | $ | 57.3 |
Schedule of Amortization Expense | Other intangible assets at December 31, 2024 were:
(in millions) |  | Gross carrying amount |  |  | Accumulated amortization |
Product rights |  | $ | 34.0 |  |  | $ | (34.0 | )
Brand names |  |  | 8.9 |  |  |  | (8.9 | )
Technology |  |  | 55.1 |  |  |  | (44.6 | )
Customer relationships |  |  | 130.6 |  |  |  | (111.9 | )
Internally developed software |  |  | 78.7 |  |  |  | (42.5 | )
Other |  |  | 24.6 |  |  |  | (24.6 | )
|  | $ | 331.9 |  |  | $ | (266.5 | )
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 | )
Future amortization expense is estimated to be as follows for the next five years:
(in millions) |  |  |
2025 |  | $ | 11.1 |
2026 |  | $ | 10.9 |
2027 |  | $ | 7.4 |
2028 |  | $ | 7.1 |
2029 |  | $ | 6.2 |

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- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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