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Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets The gross carrying amount and accumulated amortization for intangible assets as of June 30, 2024 consisted of the following (in millions):
| June 30, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized Intangible Assets
Customer relationships | $ | 735.3 |  |  | $ | 232.3 |  |  | $ | 503.0 |
Acquired and developed technology | 91.0 |  |  | 43.1 |  |  | 47.9 |
Trade names | 47.8 |  |  | 8.0 |  |  | 39.8 |
Non-compete agreements | 2.9 |  |  | 2.9 |  |  | — |
Patents | 1.9 |  |  | 0.9 |  |  | 1.0 |
Total(1) | $ | 878.9 |  |  | $ | 287.2 |  |  | $ | 591.7 |
(1) Includes $0.6 million intangible asset impairment for the three and six months ended June 30, 2024. The gross carrying amount and accumulated amortization for intangible assets as of December 31, 2023 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 |
Acquired and developed technology | 92.6 |  |  | 38.6 |  |  | 54.0 |
Trade names | 32.7 |  |  | 6.4 |  |  | 26.3 |
Non-compete agreements | 2.9 |  |  | 2.8 |  |  | 0.1 |
Patents | 1.9 |  |  | 0.9 |  |  | 1.0 |
Total(1) | $ | 873.9 |  |  | $ | 258.1 |  |  | $ | 615.8 |
Unamortized Intangible Assets
Trade names(2) | $ | 15.5 |  |  | $ | — |  |  | $ | 15.5 |
(1) Includes $0.7 million intangible asset impairment for the year ended 2023. (2) Amortization of certain trade names began effective January 1, 2024 to reflect current expectations for the period over which the assets will contribute to future cash flows. Amortization expense of intangible assets was $15.7 million and $15.5 million for the three months ended June 30, 2024 and 2023, respectively, and $31.5 million and $30.0 million for the six months ended June 30, 2024 and 2023, respectively. Intangibles are expensed using the straight-line amortization method.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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