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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets  
Schedule of changes in the carrying amount of goodwill

The following table sets forth the changes in the carrying amount of goodwill (in millions):

 

 

 

Total

 

Balance at December 31, 2021

 

$

339.5

 

Current period additions/adjustments

 

 

50.1

 

Foreign currency effect

 

 

(5.3

)

Balance at March 31, 2022

 

$

384.3

 

Summary of intangible assets

The following is a summary of intangible assets, excluding goodwill (in millions):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Existing technology and related patents

 

$

325.2

 

 

$

(209.7

)

 

$

115.5

 

 

$

310.4

 

 

$

(206.8

)

 

$

103.6

 

Customer relationships

 

 

161.9

 

 

 

(61.1

)

 

 

100.8

 

 

 

156.1

 

 

 

(58.2

)

 

 

97.9

 

Trade names

 

 

17.3

 

 

 

(6.1

)

 

 

11.2

 

 

 

15.5

 

 

 

(5.8

)

 

 

9.7

 

Other

 

 

1.8

 

 

 

(1.8

)

 

 

 

 

 

1.8

 

 

 

(1.2

)

 

 

0.6

 

Intangible assets

 

$

506.2

 

 

$

(278.7

)

 

$

227.5

 

 

$

483.8

 

 

$

(272.0

)

 

$

211.8