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Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Amortized Intangible Assets | The gross carrying amount and accumulated amortization for intangible assets as of September 30, 2024 consisted of the following (in millions):
| September 30, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized Intangible Assets
Customer relationships | $ | 746.4 |  |  | $ | 247.5 |  |  | $ | 498.9 |
Acquired and developed technology | 92.2 |  |  | 46.1 |  |  | 46.1 |
Trade names | 48.5 |  |  | 8.9 |  |  | 39.6 |
Non-compete agreements | 2.9 |  |  | 2.9 |  |  | — |
Patents | 1.9 |  |  | 1.0 |  |  | 0.9 |
Total(1) | $ | 891.9 |  |  | $ | 306.4 |  |  | $ | 585.5 |
(1) Includes $0.6 million intangible asset impairment recorded during the second quarter of 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.
Schedule of Unamortized Intangible Assets | The gross carrying amount and accumulated amortization for intangible assets as of September 30, 2024 consisted of the following (in millions):
| September 30, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized Intangible Assets
Customer relationships | $ | 746.4 |  |  | $ | 247.5 |  |  | $ | 498.9 |
Acquired and developed technology | 92.2 |  |  | 46.1 |  |  | 46.1 |
Trade names | 48.5 |  |  | 8.9 |  |  | 39.6 |
Non-compete agreements | 2.9 |  |  | 2.9 |  |  | — |
Patents | 1.9 |  |  | 1.0 |  |  | 0.9 |
Total(1) | $ | 891.9 |  |  | $ | 306.4 |  |  | $ | 585.5 |
(1) Includes $0.6 million intangible asset impairment recorded during the second quarter of 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.

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