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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the six months ended June 30, 2025 are as follows:
(in millions) | Total
Beginning balance | $ | 286.3 |
Goodwill impairment | (234.7) |
Ending balance | $ | 51.6 |
Schedule of Amortizable Intangible Assets | The following tables summarize the amounts reported as intangible assets:
(in millions) | Gross Carrying Amount(1) |  | Accumulated Amortization |  | Net
At June 30, 2025 |  |  |  |  |
Developed technologies | $ | 482.8 |  |  | $ | (344.1) |  |  | $ | 138.7 |
Internal-use software | $ | 21.9 |  |  | $ | (1.9) |  |  | $ | 20.0 |
Trademarks | $ | 2.1 |  |  | $ | (1.6) |  |  | $ | 0.5 |
Licensed technologies | $ | 5.3 |  |  | $ | (0.2) |  |  | $ | 5.1 |
Internal-use software (in-process) | $ | 5.6 |  |  | $ | — |  |  | $ | 5.6 |
Total intangible assets | $ | 517.7 |  |  | $ | (347.6) |  |  | $ | 170.1 |
(1) | Net of $82.0 million in impairment expense recognized in the three months ended June 30, 2025. See the discussion below for further details regarding the impairment of intangible assets below.
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
At December 31, 2024 |  |  |  |  |
Developed technologies | $ | 560.1 |  |  | $ | (326.5) |  |  | $ | 233.6 |
Internal-use software | 1.8 |  | (0.7) |  |  | $ | 1.1 |
Customer relationships | 1.6 |  | (0.3) |  |  | 1.3 |
Trademarks | 6.1 |  | (1.3) |  |  | 4.8 |
Internal-use software (in-process) | 21.6 |  | — |  |  | $ | 21.6 |
Total intangible assets | $ | 591.2 |  |  | $ | (328.8) |  |  | $ | 262.4 |
Schedule of Non-amortizable Intangible Assets | The following tables summarize the amounts reported as intangible assets:
(in millions) | Gross Carrying Amount(1) |  | Accumulated Amortization |  | Net
At June 30, 2025 |  |  |  |  |
Developed technologies | $ | 482.8 |  |  | $ | (344.1) |  |  | $ | 138.7 |
Internal-use software | $ | 21.9 |  |  | $ | (1.9) |  |  | $ | 20.0 |
Trademarks | $ | 2.1 |  |  | $ | (1.6) |  |  | $ | 0.5 |
Licensed technologies | $ | 5.3 |  |  | $ | (0.2) |  |  | $ | 5.1 |
Internal-use software (in-process) | $ | 5.6 |  |  | $ | — |  |  | $ | 5.6 |
Total intangible assets | $ | 517.7 |  |  | $ | (347.6) |  |  | $ | 170.1 |
(1) | Net of $82.0 million in impairment expense recognized in the three months ended June 30, 2025. See the discussion below for further details regarding the impairment of intangible assets below.
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
At December 31, 2024 |  |  |  |  |
Developed technologies | $ | 560.1 |  |  | $ | (326.5) |  |  | $ | 233.6 |
Internal-use software | 1.8 |  | (0.7) |  |  | $ | 1.1 |
Customer relationships | 1.6 |  | (0.3) |  |  | 1.3 |
Trademarks | 6.1 |  | (1.3) |  |  | 4.8 |
Internal-use software (in-process) | 21.6 |  | — |  |  | $ | 21.6 |
Total intangible assets | $ | 591.2 |  |  | $ | (328.8) |  |  | $ | 262.4 |
Schedule of Recorded Amortization Expense for Intangible Assets | The Company recorded amortization expenses during the respective periods for these intangible assets as follows:
| Three months ended June 30, |  | Six months ended June 30,
(in millions) | 2025 |  |  | 2024 |  | 2025 |  |  | 2024
Amortization of intangible assets | $ | 9.4 |  |  |  | $ | 10.6 |  |  | $ | 18.8 |  |  |  | $ | 21.4 |

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