GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill for the three months ended March 31, 2024 are as follows:

(in millions)	Total
Beginning balance	$	287.4
Translation adjustments	(0.4)
Ending balance	$	287.0

Intangible Assets

Intangible assets consist of amortizable assets of developed technologies, customer relationships, and trademarks. The following summarizes the amounts reported as intangible assets:

(in millions)	Gross Carrying Amount		Accumulated Amortization		Net
At March 31, 2024
Developed technologies	$	625.4	$	(305.4)	$	320.0
Internal-use software	1.6		(0.3)		1.3
Internal-use software (in-process)	13.0		—		13.0
Customer relationships	1.6		(0.2)		1.4
Trademarks	6.1		(0.9)		5.2
Total intangible assets	$	647.7	$	(306.8)	$	340.9

(in millions)	Gross Carrying Amount		Accumulated Amortization		Net
At December 31, 2023
Developed technologies	$	626.1	$	(295.3)	$	330.8
Internal-use software	0.8		(0.1)		0.7
Internal-use software (in-process)	11.2		—		11.2
Customer relationships	1.6		(0.2)		1.4
Trademarks	6.1		(0.7)		5.4
Total intangible assets	$	645.8	$	(296.3)	$	349.5

The Company recorded amortization expense during the respective periods for these intangible assets as follows:

	Three months ended March 31,
(in millions)	2024		2023
Amortization of intangible assets	$	10.8	$	10.7