Goodwill And Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets, Net

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

A.    COMPOSITION OF IDENTIFIABLE INTANGIBLE ASSETS:

	December 31, 2023		December 31, 2022
Original cost:
Technology	$	406,391	$	402,592
Customer relations	390,511		392,584
Trademarks and other	207,375		224,110
	1,004,277		1,019,286
Accumulated amortization:
Technology	259,956		246,126
Customer relations	162,728		147,104
Trademarks and other	191,073		193,323
	613,757		586,553
Amortized cost	$	390,520	$	432,733

B.    EXPENSES

Amortization expenses amounted to $43,903, $49,227 and $47,023 for the years ended December 31, 2023, 2022 and 2021, respectively.

C.    AMORTIZATION EXPENSES FOR FIVE SUCCEEDING YEARS

The estimated aggregate amortization expenses for each of the five succeeding fiscal years and thereafter are as follows:

2024		$	35,847
2025		34,111
2026		34,413
2027		31,854
2028	and thereafter	254,295
		$	390,520

D.    CHANGES IN GOODWILL

Changes in goodwill during 2023 were as follows:

	Aerospace		C4I and Cyber		ISTAR and EW		Land		ESA		2023
Balance, at January 1	$	61,933	$	316,655	$	130,379	$	592,871	$	400,656	$	1,502,494
PPA and PPA adjustment (1)	—		—		—		—		13,472		13,472
Net translation differences (2)	1,255		—		2,849		(21,005)		—		(16,901)
Balance, at December 31	$	63,188	$	316,655	$	133,228	$	571,866	$	414,128	$	1,499,065

(1)PPA adjustment related to preliminary PPA of a subsidiary acquired in 2022, and PPA related to acquisition during 2023. See Note 1D(1).

(2)Foreign currency translation differences resulting from goodwill allocated to reporting units, whose functional currency has been determined to be other than the U.S. dollar.