v3.24.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Summary of Changes in Goodwill
The following table summarizes the changes in the carrying amount of goodwill (in millions):
Amount
Balance as of December 31, 2023
$348.7 
Acquisition activity— 
Translation and other(0.7)
Balance as of June 30, 2024
$348.0 
Schedule of Intangible Assets
The following table summarizes the components of gross intangible assets, accumulated amortization, and net intangible assets balances as of June 30, 2024, and December 31, 2023 (in millions):
June 30, 2024December 31, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Patents and developed technology$206.3 $(185.3)$21.0 $206.3 $(178.4)$27.9 
Distribution rights and others10.7 (10.1)0.6 10.8 (9.2)1.6 
Customer relationships27.5 (20.4)7.1 32.5 (22.9)9.6 
Total intangible assets$244.5 $(215.8)$28.7 $249.6 $(210.5)$39.1 
Schedule Of Estimated Future Amortization Expense Of Intangible Assets
The estimated future amortization expense related to intangible assets as of June 30, 2024, is as follows (in millions):
Fiscal YearAmount
Remainder of 2024
$6.8 
202511.9 
20265.2 
20272.8 
20281.3 
2029 and thereafter0.7 
Total$28.7