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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 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):

 

 

 

 

 

Balance at December 31, 2021

 

$

339.5

 

Current period additions/adjustments

 

 

74.7

 

Foreign currency effect

 

 

(32.7

)

Balance at September 30, 2022

 

$

381.5

 

Summary of intangible assets

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

 

 

 

September 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

 

$

315.3

 

 

$

(210.1

)

 

$

105.2

 

 

$

310.4

 

 

$

(206.8

)

 

$

103.6

 

Customer relationships

 

 

162.4

 

 

 

(64.9

)

 

 

97.5

 

 

 

156.1

 

 

 

(58.2

)

 

 

97.9

 

Trade names

 

 

17.7

 

 

 

(6.7

)

 

 

11.0

 

 

 

15.5

 

 

 

(5.8

)

 

 

9.7

 

Other

 

 

0.9

 

 

 

(0.6

)

 

 

0.3

 

 

 

1.8

 

 

 

(1.2

)

 

 

0.6

 

Intangible assets

 

$

496.3

 

 

$

(282.3

)

 

$

214.0

 

 

$

483.8

 

 

$

(272.0

)

 

$

211.8