Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 9. GOODWILL AND INTANGIBLE ASSETS

The following table details amounts related to our goodwill and intangible assets as of September 30, 2024 and December 31, 2023:


		September 30, 2024				December 31, 2023
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
Customer relationships	2-20 years	$	195.2	$	161.1	$	183.6	$	152.1
Developed technology	13-20 years		109.5		85.4		101.4		84.4
Software	5-7 years		19.7		6.9		15.6		4.6
Trademarks and brand names	3-20 years		17.8		4.0		6.2		3.4
Non-compete agreements	3-5 years		11.0		5.0		6.1		3.8
Other	Various		3.2		0.4		2.8		0.2
Total		$	356.4	$	262.8	$	315.7	$	248.5
Non-amortizing intangible assets
Trademarks and brand names	Indefinite		345.3				345.2
Total intangible assets		$	701.7			$	660.9

Goodwill	Indefinite	$	194.7			$	175.5

The net increase in goodwill as of September 30, 2024 compared to December 31, 2023 was due to the acquisition of 3form, net of foreign exchange movements.


	Nine Months Ended
	September 30,
	2024		2023
Amortization expense	$	14.6	$	11.0