XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Other Intangible Assets
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 8 — OTHER INTANGIBLE ASSETS

The gross carrying amount of other intangible assets and accumulated amortization as of June 30, 2023 and December 31, 2022 were as follows:

 

June 30, 2023

 

 

Weighted Average Remaining Life (in years)

 

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Customer and supplier relationships

 

7.8

 

 

$

63.0

 

 

$

(13.4

)

 

$

49.6

 

Other intangibles

 

3.8

 

 

 

10.7

 

 

 

(4.0

)

 

 

6.7

 

Total

 

7.2

 

 

$

73.7

 

 

$

(17.4

)

 

$

56.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

Weighted Average Remaining Life (in years)

 

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Customer and supplier relationships

 

8.3

 

 

$

63.0

 

 

$

(10.1

)

 

$

52.9

 

Other intangibles

 

4.2

 

 

 

10.7

 

 

 

(2.9

)

 

 

7.8

 

Total

 

7.7

 

 

$

73.7

 

 

$

(13.0

)

 

$

60.7

 

Amortization of other intangible assets was $2.2 million and $1.6 million for the three months ended June 30, 2023 and 2022, respectively, and $4.4 million and $3.0 million for the six months ended June 30, 2023 and 2022, respectively.