v3.24.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in 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

 

 
Schedule of Other Intangible Assets

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