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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill The following table summarizes the changes in the carrying amount of goodwill for the nine months ended September 30, 2023:
(in millions) | Total
Beginning balance | $ | 286.8 |
Translation adjustments | (0.2) |
Ending balance | $ | 286.6 |
Intangible Assets Intangible assets consist of amortizable assets of developed technologies, customer relationships, and trademarks. The following summarizes the amounts reported as intangible assets:
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
At September 30, 2023 |  |  |  |  |
Developed technologies | $ | 624.8 |  |  | $ | (284.1) |  |  | $ | 340.7 |
Internally developed software | 9.0 |  |  | (0.1) |  |  | 8.9 |
Customer relationships | 1.6 |  |  | (0.1) |  |  | 1.5 |
Trademarks | 6.1 |  |  | (0.6) |  |  | 5.5 |
Total intangible assets | $ | 641.5 |  |  | $ | (284.9) |  |  | $ | 356.6 |
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
At December 31, 2022 |  |  |  |  |
Developed technologies | $ | 625.0 |  |  | $ | (252.9) |  |  | $ | 372.1 |
Customer relationships | 1.6 |  |  | — |  |  | 1.6 |
Trademarks | 6.1 |  |  | (0.1) |  |  | 6.0 |
Total intangible assets | $ | 632.7 |  |  | $ | (253.0) |  |  | $ | 379.7 |
The Company recorded amortization expense during the respective periods for these intangible assets as follows:
| Three months ended September 30, |  | Nine months ended September 30,
(in millions) | 2023 |  |  | 2022 |  | 2023 |  |  | 2022
Amortization of intangible assets | $ | 10.7 |  |  |  | $ | 10.2 |  |  | $ | 32.0 |  |  |  | $ | 30.5 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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