Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 8. GOODWILL AND INTANGIBLE ASSETS

The following table details amounts related to our goodwill and intangible assets as of March 31, 2024 and December 31, 2023:

		March 31, 2024				December 31, 2023
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
Customer relationships	2-20 years	$	183.5	$	154.7	$	183.6	$	152.1
Developed technology	13-20 years		101.7		84.7		101.4		84.4
Software	5-7 years		15.6		5.3		15.6		4.6
Trademarks and brand names	3-20 years		6.2		3.5		6.2		3.4
Non-compete agreements	3-5 years		5.9		3.9		6.1		3.8
Other	Various		2.8		0.2		2.8		0.2
Total		$	315.7	$	252.3	$	315.7	$	248.5
Non-amortizing intangible assets
Trademarks and brand names	Indefinite		345.2				345.2
Total intangible assets		$	660.9			$	660.9
Goodwill	Indefinite	$	175.3			$	175.5

The decrease in goodwill as of March 31, 2024 compared to December 31, 2023 was due to foreign exchange movements.

	Three Months Ended
	March 31,
	2024		2023
Amortization expense	$	4.1	$	3.5