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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Changes in the carrying amount of our goodwill are as follows (dollars in millions):

 

 

 

Goodwill

 

Balance at January 1, 2022

 

$

923.5

 

Acquisitions (a)

 

 

(0.4

)

Balance at March 31, 2022

 

$

923.1

 

(a)
During the three months ended March 31, 2022, the Company recorded a $0.4 million adjustment to decrease the goodwill balance for the Company's December 2021 acquisition of Advanced Packaging.
Components of Intangible Assets

The weighted average remaining useful life, gross carrying amount, and accumulated amortization of our intangible assets were as follows (dollars in millions):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Weighted
Average
Remaining
Useful Life
(in Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Weighted
Average
Remaining
Useful Life
(in Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

Customer relationships

 

 

8.3

 

 

$

551.1

 

 

$

264.5

 

 

 

8.5

 

 

$

551.1

 

 

$

254.9

 

Trademarks and trade names

 

 

8.3

 

 

 

37.6

 

 

 

26.1

 

 

 

8.4

 

 

 

37.6

 

 

 

25.5

 

Other

 

 

2.2

 

 

 

4.4

 

 

 

4.3

 

 

 

2.2

 

 

 

4.4

 

 

 

4.3

 

Total intangible assets (excluding goodwill)

 

 

8.3

 

 

$

593.1

 

 

$

294.9

 

 

 

8.5

 

 

$

593.1

 

 

$

284.7