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GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
As of March 31, 2025, there were no changes in the carrying amount of goodwill and no impairment losses were recognized during the period.
Intangible Assets
The following tables summarize the amounts reported as intangible assets:
(in millions)Gross
Carrying
Amount
Accumulated
Amortization
Net
At March 31, 2025
Developed technologies$559.4 $(335.5)$223.9 
Internal-use software2.8 (0.9)1.9 
Customer relationships1.6 (0.4)1.2 
Trademarks6.1 (1.5)4.6 
Licensed technologies
2.8 (0.1)2.7 
Internal-use software (in-process)23.2 — 23.2 
Total intangible assets
$595.9 $(338.4)$257.5 
(in millions)Gross
Carrying
Amount
Accumulated
Amortization
Net
At December 31, 2024
Developed technologies$560.1 $(326.5)$233.6 
Internal-use software1.8(0.7)$1.1 
Customer relationships1.6(0.3)1.3 
Trademarks6.1(1.3)4.8 
Internal-use software (in-process)21.6— $21.6 
Total intangible assets$591.2 $(328.8)$262.4 
The Company recorded amortization expense during the respective periods for these intangible assets as follows:
Three months ended
March 31,
(in millions)20252024
Amortization of intangible assets$9.4 $10.8