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Other Intangible Assets
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

NOTE 9. Other Intangible Assets:

Other intangible assets are summarized as follows:

 

 

December 31,

 

(in millions)

 

2024

 

 

2023

 

Finite-lived intangible assets:

 

 

 

 

 

 

Customer relationships

 

$

160.8

 

 

$

191.4

 

Noncompete agreements

 

 

10.5

 

 

 

28.2

 

Trademarks

 

 

70.7

 

 

 

70.6

 

Internal-use software licenses

 

 

21.7

 

 

 

16.5

 

Patents

 

 

2.8

 

 

 

2.8

 

 

 

266.5

 

 

 

309.5

 

Accumulated amortization

 

 

(158.2

)

 

 

(172.6

)

 

 

108.3

 

 

 

136.9

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

Licenses

 

 

16.9

 

 

 

16.9

 

 

$

125.2

 

 

$

153.8

 

 

Amortization expense for finite-lived intangible assets was $44.4 million, $51.5 million and $53.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.

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

 

Year

 

(in millions)

 

2025

 

$

32.0

 

2026

 

$

27.5

 

2027

 

$

12.9

 

2028

 

$

8.4

 

2029

 

$

5.9