Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following table summarizes the changes in the carrying amount of goodwill for the six months ended June 30, 2021:


(in millions)	Diagnostic		Other		Total
Beginning balance	$	272.3	$	56.9	$	329.2
Goodwill held for sale reclassification	(31.6)		(56.9)		(88.5)
Translation adjustments	(0.6)		—		(0.6)
Ending balance	$	240.1	$	—	$	240.1

In connection with the Company's entry into definitive agreements to sell Myriad RBM, Inc. and select operating assets and intellectual property, including the Vectra® test, from the Myriad Autoimmune business unit, the Company classified a portion of goodwill as assets held for sale. See Note 16 for further discussion.

Intangible Assets

Intangible assets primarily consist of amortizable assets of purchased licenses and technologies, customer relationships, and trade names as well as non-amortizable intangible assets of in-process technologies and research and development. The following summarizes the amounts reported as intangible assets:


(in millions)	Gross Carrying Amount		Accumulated Amortization		Net
At June 30, 2021:
Purchased licenses and technologies	$	817.1	$	(276.6)	$	540.5
Customer relationships	4.7		(4.7)		—
Trademarks	3.0		(1.6)		1.4
Total amortized intangible assets	824.8		(282.9)		541.9
In-process research and development	4.8		—		4.8
Total unamortized intangible assets	4.8		—		4.8
Less: intangible assets held for sale	$	(211.5)	$	91.6	$	(119.9)
Total intangible assets	$	618.1	$	(191.3)	$	426.8


(in millions)	Gross Carrying Amount		Accumulated Amortization		Net
At December 31, 2020:
Purchased licenses and technologies	$	818.2	$	(248.2)	$	570.0
Customer relationships	4.7		(4.5)		0.2
Trademarks	3.0		(1.5)		1.5
Total amortized intangible assets	825.9		(254.2)		571.7
In-process research and development	4.8		—		4.8
Total unamortized intangible assets	4.8		—		4.8
Total intangible assets	$	830.7	$	(254.2)	$	576.5

The Company recorded amortization expense during the respective periods for these intangible assets as follows:


	Three months ended June 30,				Six months ended June 30,
(in millions)	2021		2020		2021		2020
Amortization of intangible assets	$	13.5	$	15.2	$	29.0	$	30.5