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Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Amortized Intangible Assets | The gross carrying amount and accumulated amortization for intangible assets consisted of the following (in millions):
| December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  |  |  |  |  | Net Carrying Amount
Amortized Intangible Assets |  |  |  |  |  |  |  |  |
Customer relationships | $ | 743.8 |  |  | $ | 209.4 |  |  |  |  |  |  | $ | 534.4 |
Developed technology | 71.8 |  |  | 34.1 |  |  |  |  |  |  | 37.7 |
Trade names | 32.7 |  |  | 6.4 |  |  |  |  |  |  | 26.3 |
Acquired technology | 20.8 |  |  | 4.5 |  |  |  |  |  |  | 16.3 |
Non-compete agreements | 2.9 |  |  | 2.8 |  |  |  |  |  |  | 0.1 |
Patents | 1.9 |  |  | 0.9 |  |  |  |  |  |  | 1.0 |
Total(1)(2) | $ | 873.9 |  |  | $ | 258.1 |  |  |  |  |  |  | $ | 615.8 |
Unamortized Intangible Assets
Trade names | $ | 15.5 |  |  | $ | — |  |  |  |  |  |  | $ | 15.5 |
(1) Includes a decrease of $26.0 million related to measurement period adjustments for the Merger recognized during the year ended December 31, 2023. (2) Includes $0.7 million intangible asset impairment for the year ended 2023.
| December 31, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  |  |  |  |  | Net Carrying Amount
Amortized Intangible Assets |  |  |  |  |  |  |  |  |
Customer relationships | $ | 754.8 |  |  | $ | 159.4 |  |  |  |  |  |  | $ | 595.4 |
Developed technology | 71.2 |  |  | 26.5 |  |  |  |  |  |  | 44.7 |
Trade Names | 35.8 |  |  | 4.4 |  |  |  |  |  |  | 31.4 |
Acquired Technology | 23.5 |  |  | 1.6 |  |  |  |  |  |  | 21.9 |
Non-compete agreements | 2.9 |  |  | 2.7 |  |  |  |  |  |  | 0.2 |
Patents | 1.9 |  |  | 0.7 |  |  |  |  |  |  | 1.2 |
Total | $ | 890.1 |  |  | $ | 195.3 |  |  |  |  |  |  | $ | 694.8 |
Unamortized Intangible Assets
Trade names(1) | $ | 15.5 |  |  | $ | — |  |  |  |  |  |  | $ | 15.5 |
(1) During the first quarter of 2022, indefinite-lived trade names and developed technology with net carrying amounts of $4.2 million and $0.5 million were allocated to the disposal group classified as held for sale and subsequently impaired.
Schedule of Unamortized Intangible Assets | The gross carrying amount and accumulated amortization for intangible assets consisted of the following (in millions):
| December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  |  |  |  |  | Net Carrying Amount
Amortized Intangible Assets |  |  |  |  |  |  |  |  |
Customer relationships | $ | 743.8 |  |  | $ | 209.4 |  |  |  |  |  |  | $ | 534.4 |
Developed technology | 71.8 |  |  | 34.1 |  |  |  |  |  |  | 37.7 |
Trade names | 32.7 |  |  | 6.4 |  |  |  |  |  |  | 26.3 |
Acquired technology | 20.8 |  |  | 4.5 |  |  |  |  |  |  | 16.3 |
Non-compete agreements | 2.9 |  |  | 2.8 |  |  |  |  |  |  | 0.1 |
Patents | 1.9 |  |  | 0.9 |  |  |  |  |  |  | 1.0 |
Total(1)(2) | $ | 873.9 |  |  | $ | 258.1 |  |  |  |  |  |  | $ | 615.8 |
Unamortized Intangible Assets
Trade names | $ | 15.5 |  |  | $ | — |  |  |  |  |  |  | $ | 15.5 |
(1) Includes a decrease of $26.0 million related to measurement period adjustments for the Merger recognized during the year ended December 31, 2023. (2) Includes $0.7 million intangible asset impairment for the year ended 2023.
| December 31, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  |  |  |  |  | Net Carrying Amount
Amortized Intangible Assets |  |  |  |  |  |  |  |  |
Customer relationships | $ | 754.8 |  |  | $ | 159.4 |  |  |  |  |  |  | $ | 595.4 |
Developed technology | 71.2 |  |  | 26.5 |  |  |  |  |  |  | 44.7 |
Trade Names | 35.8 |  |  | 4.4 |  |  |  |  |  |  | 31.4 |
Acquired Technology | 23.5 |  |  | 1.6 |  |  |  |  |  |  | 21.9 |
Non-compete agreements | 2.9 |  |  | 2.7 |  |  |  |  |  |  | 0.2 |
Patents | 1.9 |  |  | 0.7 |  |  |  |  |  |  | 1.2 |
Total | $ | 890.1 |  |  | $ | 195.3 |  |  |  |  |  |  | $ | 694.8 |
Unamortized Intangible Assets
Trade names(1) | $ | 15.5 |  |  | $ | — |  |  |  |  |  |  | $ | 15.5 |
(1) During the first quarter of 2022, indefinite-lived trade names and developed technology with net carrying amounts of $4.2 million and $0.5 million were allocated to the disposal group classified as held for sale and subsequently impaired.
Schedule of Estimated Aggregate Amortization Expense for the Next Five Years | The following table shows the estimated aggregate amortization expense as of December 31, 2023 (in millions):
2024 | $ | 61.6 |
2025 | $ | 60.8 |
2026 | $ | 60.7 |
2027 | $ | 60.7 |
2028 | $ | 56.1 |

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