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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | Intangible Assets, Net The gross carrying amount and accumulated amortization for intangible assets consisted of the following (in millions):
| December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized Intangible Assets |  |  |  |  |
Customer relationships | $ | 726.6 |  |  | $ | 254.3 |  |  | $ | 472.3 |
Acquired and developed technology | 90.3 |  |  | 47.9 |  |  | 42.4 |
Trade names | 47.2 |  |  | 9.4 |  |  | 37.8 |
Non-compete agreements | 2.9 |  |  | 2.9 |  |  | — |
Patents | 1.9 |  |  | 1.0 |  |  | 0.9 |
Total | $ | 868.9 |  |  | $ | 315.5 |  |  | $ | 553.4 |
| 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 | $ | 873.9 |  |  | $ | 258.1 |  |  | $ | 615.8 |
Unamortized Intangible Assets
Trade names(1) | $ | 15.5 |  |  | $ | — |  |  | $ | 15.5 |
(1) 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 $62.9 million, $61.0 million, and $53.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. Finite-lived intangibles in the FAM segment are expensed using the straight-line amortization method. The following table shows the estimated aggregate amortization expense as of December 31, 2024 (in millions):
2025 | $ | 62.4 |
2026 | $ | 61.8 |
2027 | $ | 61.7 |
2028 | $ | 58.3 |
2029 | $ | 55.6 |

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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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