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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for the three months ended March 31, 2024 are as follows:
(in millions) | Total
Beginning balance | $ | 287.4 |
Translation adjustments | (0.4) |
Ending balance | $ | 287.0 |
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 March 31, 2024 |  |  |  |  |
Developed technologies | $ | 625.4 |  |  | $ | (305.4) |  |  | $ | 320.0 |
Internal-use software | 1.6 |  |  | (0.3) |  |  | 1.3 |
Internal-use software (in-process) | 13.0 |  |  | — |  |  | 13.0 |
Customer relationships | 1.6 |  |  | (0.2) |  |  | 1.4 |
Trademarks | 6.1 |  |  | (0.9) |  |  | 5.2 |
Total intangible assets | $ | 647.7 |  |  | $ | (306.8) |  |  | $ | 340.9 |
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
At December 31, 2023 |  |  |  |  |
Developed technologies | $ | 626.1 |  |  | $ | (295.3) |  |  | $ | 330.8 |
Internal-use software | 0.8 |  | (0.1) |  |  | 0.7 |
Internal-use software (in-process) | 11.2 |  | — |  |  | 11.2 |
Customer relationships | 1.6 |  |  | (0.2) |  |  | 1.4 |
Trademarks | 6.1 |  |  | (0.7) |  |  | 5.4 |
Total intangible assets | $ | 645.8 |  |  | $ | (296.3) |  |  | $ | 349.5 |
The Company recorded amortization expense during the respective periods for these intangible assets as follows:
| Three months ended March 31, |  |
(in millions) | 2024 |  |  | 2023 |  |  |  |  |
Amortization of intangible assets | $ | 10.8 |  |  |  | $ | 10.7 |  |  |  |  |  |

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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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