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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
8. Goodwill and Other Intangible Assets

The changes in the carrying value of goodwill by reportable operating segments were as follows:
 Engineered ProductsClean Energy & FuelingImaging & IdentificationPumps & Process SolutionsClimate & Sustainability TechnologiesTotal
Balance at January 1, 2024$659,381 $1,409,302 $1,092,960 $1,208,571 $511,473 $4,881,687 
Acquisitions— 97,973 — — — 97,973 
Measurement period adjustments— — — 227 371 598 
Foreign currency translation(2,117)(7,328)(6,699)(4,186)(395)(20,725)
Balance at March 31, 2024$657,264 $1,499,947 $1,086,261 $1,204,612 $511,449 $4,959,533 

During the three months ended March 31, 2024, the Company recognized additions of $97,973 to goodwill as a result of the acquisitions discussed in Note 3 — Acquisitions, and disposed of $58,663 of goodwill that was previously classified as held for sale as of December 31, 2023. See Note 4 — Dispositions for further details.
The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:
March 31, 2024December 31, 2023
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Amortized intangible assets:
Customer intangibles$2,197,032 $1,117,094 $1,079,938 $2,138,788 $1,094,053 $1,044,735 
Trademarks277,218 150,594 126,624 274,711 147,212 127,499 
Patents205,955 143,981 61,974 206,871 142,719 64,152 
Unpatented technologies289,883 163,815 126,068 277,198 159,148 118,050 
Distributor relationships81,376 64,169 17,207 82,031 63,343 18,688 
Other27,586 10,633 16,953 24,211 10,053 14,158 
Total3,079,050 1,650,286 1,428,764 3,003,810 1,616,528 1,387,282 
Unamortized intangible assets:
Trademarks96,586 — 96,586 96,631 — 96,631 
Total intangible assets, net$3,175,636 $1,650,286 $1,525,350 $3,100,441 $1,616,528 $1,483,913 

For the three months ended March 31, 2024 and 2023, amortization expense was $45,305 and $40,366, respectively. Amortization expense is primarily comprised of acquisition-related intangible amortization.

During the three months ended March 31, 2024, the Company acquired $88,725 of intangible assets through acquisitions. These assets were classified as customer intangibles, unpatented technology and trademarks and included in the Climate & Sustainability Technologies segment. See Note 3 — Acquisitions for further details.