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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
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 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 
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 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 
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)2025202420252024
Amortization of intangible assets$9.4 $10.6 $18.8 $21.4