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Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Intangible Assets, Gross (Excluding Goodwill) [Abstract]  
Schedule of Other Intangible Assets

Other intangible assets are summarized as follows:

(in millions)

 

June 30,
2024

 

 

December 31,
2023

 

Finite-lived intangible assets:

 

 

 

 

 

 

Customer relationships

 

$

191.6

 

 

$

191.4

 

Noncompete agreements

 

 

10.7

 

 

 

28.2

 

Trademarks

 

 

70.6

 

 

 

70.6

 

Internal-use software licenses

 

 

16.7

 

 

 

16.5

 

Patents

 

 

2.8

 

 

 

2.8

 

 

 

292.4

 

 

 

309.5

 

Accumulated amortization

 

 

(171.9

)

 

 

(172.6

)

 

 

120.5

 

 

 

136.9

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

Licenses

 

 

16.9

 

 

 

16.9

 

 

$

137.4

 

 

$

153.8

 

Estimated Amortization Expense for Finite-Lived Intangible Assets

Estimated amortization expense for finite-lived intangible assets for the next five years is as follows:

Year

 

(in millions)

 

Remainder of 2024

 

$

19.4

 

2025

 

$

28.7

 

2026

 

$

26.5

 

2027

 

$

11.9

 

2028

 

$

7.4

 

2029

 

$

5.2