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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Other Intangible Assets  
Schedule of changes in the carrying amount of goodwill by segment

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​

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​

​

​

​

​

​

​

​

​

​

​

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Harsh

    

​

​

Interconnect

    

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​

 

​

​

Environment

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Communications

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and Sensor

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​

​

 

​

​

Solutions

​

Solutions

​

Systems

​

Total

 

Goodwill at December 31, 2023

​

$

2,009.3

​

$

2,977.5

​

$

2,105.6

​

$

7,092.4

​

Acquisition-related

​

 

1.2

​

 

4.5

​

 

43.7

​

 

49.4

​

Foreign currency translation

​

 

(9.2)

​

 

(9.5)

​

 

(22.6)

​

 

(41.3)

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Goodwill at March 31, 2024

​

$

2,001.3

​

$

2,972.5

​

$

2,126.7

​

$

7,100.5

​

Summary of the Company's amortizable intangible assets

Other than goodwill noted above, the Company’s intangible assets as of March 31, 2024 and December 31, 2023 were as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2024

​

December 31, 2023

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Weighted

​

Gross

    

​

    

Net

    

Gross

    

​

    

Net

​

Average

​

Carrying

​

Accumulated

​

Carrying

​

Carrying

​

Accumulated

​

Carrying

​

Life (years)

​

Amount

​

Amortization

​

Amount

​

Amount

​

Amortization

​

Amount

Customer relationships

10

​

$

780.2

​

$

462.5

​

$

317.7

​

$

782.6

​

$

450.6

​

$

332.0

Proprietary technology

13

​

 

350.8

​

 

152.2

​

​

198.6

​

 

365.1

​

 

146.1

​

​

219.0

Backlog and other

1

​

 

99.4

​

 

99.4

​

​

—

​

 

114.1

​

 

99.4

​

​

14.7

Total intangible assets (definite-lived)

10

​

​

1,230.4

​

​

714.1

​

​

516.3

​

​

1,261.8

​

​

696.1

​

​

565.7

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Trade names (indefinite-lived)

​

​

​

269.1

​

​

​

​

​

269.1

​

​

269.1

​

​

​

​

​

269.1

​

​

​

$

1,499.5

​

$

714.1

​

$

785.4

​

$

1,530.9

​

$

696.1

​

$

834.8

Summary of the Company's indefinite-lived intangible assets

Other than goodwill noted above, the Company’s intangible assets as of March 31, 2024 and December 31, 2023 were as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2024

​

December 31, 2023

​

Weighted

​

Gross

    

​

    

Net

    

Gross

    

​

    

Net

​

Average

​

Carrying

​

Accumulated

​

Carrying

​

Carrying

​

Accumulated

​

Carrying

​

Life (years)

​

Amount

​

Amortization

​

Amount

​

Amount

​

Amortization

​

Amount

Customer relationships

10

​

$

780.2

​

$

462.5

​

$

317.7

​

$

782.6

​

$

450.6

​

$

332.0

Proprietary technology

13

​

 

350.8

​

 

152.2

​

​

198.6

​

 

365.1

​

 

146.1

​

​

219.0

Backlog and other

1

​

 

99.4

​

 

99.4

​

​

—

​

 

114.1

​

 

99.4

​

​

14.7

Total intangible assets (definite-lived)

10

​

​

1,230.4

​

​

714.1

​

​

516.3

​

​

1,261.8

​

​

696.1

​

​

565.7

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Trade names (indefinite-lived)

​

​

​

269.1

​

​

​

​

​

269.1

​

​

269.1

​

​

​

​

​

269.1

​

​

​

$

1,499.5

​

$

714.1

​

$

785.4

​

$

1,530.9

​

$

696.1

​

$

834.8