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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table presents the changes in the carrying amount of goodwill. Goodwill is included in other noncurrent assets in our condensed consolidated balance sheets.
(in millions)Amount
Balance as of December 31, 2023
$5.8 
Foreign currency translation adjustments(0.1)
Balance as of March 31, 2024
$5.7 
The following table presents information relating to our recognized intangible assets as of March 31, 2024.
(dollars in millions)Useful LifeGross Carrying AmountAccumulated AmortizationNet
Carrying Amount
Developed product rights10 years$35.8 $5.0 $30.8 
Acquired IPR&DIndefinite$3.5 $— 3.5 
Total intangible assets, net$34.3 
The following table presents approximate future annual amortization expense for our finite-lived intangible assets as of March 31, 2024.
(in millions)Amount
2024 (9 months remaining)
$2.7 
2025
$3.6 
2026
$3.6 
2027
$3.6 
2028
$3.6 
Thereafter$13.7