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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
The changes in the carrying amount of goodwill attributable to each reportable segment for the three month period ended March 31, 2024 is presented in the table below.
Industrial Technologies and ServicesPrecision and Science TechnologiesTotal
Balance at beginning of period$4,753.5 $1,856.2 $6,609.7 
Acquisitions45.9 — 45.9 
Foreign currency translation and other(1)
(30.2)(15.5)(45.7)
Balance at end of period$4,769.2 $1,840.7 $6,609.9 
(1)Includes measurement period adjustments
As of both March 31, 2024 and December 31, 2023, goodwill included accumulated impairment losses of $220.6 million within the Industrial Technologies and Services segment.
Other Intangible Assets, Net
Other intangible assets as of March 31, 2024 and December 31, 2023 consisted of the following.
March 31, 2024December 31, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortized intangible assets
Customer lists and relationships$3,325.5 $(1,643.2)$1,682.3 $3,279.3 $(1,585.4)$1,693.9 
Technology418.6 (195.3)223.3 413.8 (178.9)234.9 
Tradenames56.8 (28.9)27.9 52.2 (27.9)24.3 
Backlog4.4 (2.2)2.2 3.0 (1.3)1.7 
Other121.2 (106.1)15.1 117.1 (104.1)13.0 
Unamortized intangible assets
Tradenames1,638.8 — 1,638.8 1,643.3 — 1,643.3 
Total other intangible assets$5,565.3 $(1,975.7)$3,589.6 $5,508.7 $(1,897.6)$3,611.1 
Intangible Asset Impairment Considerations
As of March 31, 2024 and December 31, 2023, there were no indications that the carrying value of goodwill and other intangible assets may not be recoverable.