8. Goodwill and Other Intangible Assets, Net Goodwill Goodwill and changes therein were as follows:
|
|
|
|
|
|
|
(In millions) |
|
Balance at December 31, 2023 |
|
$ |
2,293.9 |
|
Translation |
|
|
(23.0 |
) |
Acquisition |
|
|
112.5 |
|
Balance at June 30, 2024 |
|
$ |
2,383.4 |
|
Other Intangible Assets, Net Other intangible assets, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2024 |
|
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Weighted Average Remaining Amortization Period |
|
|
|
(In millions) |
|
|
(In years) |
|
Amortized - definite lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer lists and relationships |
|
$ |
299.8 |
|
|
$ |
(240.1 |
) |
|
$ |
59.7 |
|
|
|
6.6 |
|
Trade name |
|
|
176.9 |
|
|
|
(84.8 |
) |
|
|
92.1 |
|
|
|
1.1 |
|
Technology |
|
|
310.2 |
|
|
|
(210.2 |
) |
|
|
100.0 |
|
|
|
8.1 |
|
Total definite-lived intangible assets |
|
$ |
786.9 |
|
|
$ |
(535.1 |
) |
|
$ |
251.8 |
|
|
|
5.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized - indefinite lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Trade name |
|
|
6.3 |
|
|
|
(1.9 |
) |
|
|
4.4 |
|
|
n/a |
|
Total other intangible assets |
|
$ |
793.2 |
|
|
$ |
(537.0 |
) |
|
$ |
256.2 |
|
|
n/a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Weighted Average Remaining Amortization Period |
|
|
|
(In millions) |
|
|
(In years) |
|
Amortized - definite lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer lists and relationships |
|
$ |
302.3 |
|
|
$ |
(239.5 |
) |
|
$ |
62.8 |
|
|
|
6.6 |
|
Trade name |
|
|
177.1 |
|
|
|
(39.9 |
) |
|
|
137.2 |
|
|
|
1.6 |
|
Technology |
|
|
227.5 |
|
|
|
(201.8 |
) |
|
|
25.7 |
|
|
|
2.3 |
|
Total definite-lived intangible assets |
|
$ |
706.9 |
|
|
$ |
(481.2 |
) |
|
$ |
225.7 |
|
|
|
3.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized - indefinite lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Trade name |
|
|
6.5 |
|
|
|
(2.0 |
) |
|
|
4.5 |
|
|
n/a |
|
Total other intangible assets |
|
$ |
713.4 |
|
|
$ |
(483.2 |
) |
|
$ |
230.2 |
|
|
n/a |
|
Amortization expense related to definite-lived intangible assets was $29.5 million and $6.7 million for the three months ended June 30, 2024, and 2023, respectively, and $57.9 million and $12.2 million for the six months ended June 30, 2024, and 2023, respectively.
|