XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.25.3

GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
--- | ---
Sep. 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 nine months ended September 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 September 30, 2025 |  |  |  |  |
Developed technologies | $ | 480.2 |  |  | $ | (347.7) |  |  | $ | 132.5 |
Internal-use software | $ | 21.9 |  |  | $ | (3.1) |  |  | $ | 18.8 |
Trademarks | $ | 2.1 |  |  | $ | (1.6) |  |  | $ | 0.5 |
Licensed technologies | $ | 5.3 |  |  | $ | (0.4) |  |  | $ | 4.9 |
Internal-use software (in-process) | $ | 6.4 |  |  | $ | — |  |  | $ | 6.4 |
Total intangible assets | $ | 515.9 |  |  | $ | (352.8) |  |  | $ | 163.1 |
(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.
(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 September 30, 2025 |  |  |  |  |
Developed technologies | $ | 480.2 |  |  | $ | (347.7) |  |  | $ | 132.5 |
Internal-use software | $ | 21.9 |  |  | $ | (3.1) |  |  | $ | 18.8 |
Trademarks | $ | 2.1 |  |  | $ | (1.6) |  |  | $ | 0.5 |
Licensed technologies | $ | 5.3 |  |  | $ | (0.4) |  |  | $ | 4.9 |
Internal-use software (in-process) | $ | 6.4 |  |  | $ | — |  |  | $ | 6.4 |
Total intangible assets | $ | 515.9 |  |  | $ | (352.8) |  |  | $ | 163.1 |
(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.
(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 September 30, |  | Nine months ended September 30,
(in millions) | 2025 |  |  | 2024 |  | 2025 |  |  | 2024
Amortization of intangible assets | $ | 7.9 |  |  |  | $ | 10.5 |  |  | $ | 26.7 |  |  |  | $ | 31.9 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 40 -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 40 -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration