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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
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

 

 

74.7

 

Foreign currency effect

 

 

(18.0

)

Balance at June 30, 2022

 

$

396.2

 

Summary of intangible assets

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

 

 

 

June 30, 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

 

$

324.8

 

 

$

(210.2

)

 

$

114.6

 

 

$

310.4

 

 

$

(206.8

)

 

$

103.6

 

Customer relationships

 

 

169.4

 

 

 

(63.3

)

 

 

106.1

 

 

 

156.1

 

 

 

(58.2

)

 

 

97.9

 

Trade names

 

 

18.4

 

 

 

(6.4

)

 

 

12.0

 

 

 

15.5

 

 

 

(5.8

)

 

 

9.7

 

Other

 

 

2.3

 

 

 

(1.5

)

 

 

0.8

 

 

 

1.8

 

 

 

(1.2

)

 

 

0.6

 

Intangible assets

 

$

514.9

 

 

$

(281.4

)

 

$

233.5

 

 

$

483.8

 

 

$

(272.0

)

 

$

211.8