Intangible Assets and Goodwill

9 Months Ended

Oct. 01, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

INTANGIBLE ASSETS AND GOODWILL

Intangible Assets

The following table presents a summary of our total intangible assets:

As of	Third Quarter of 2021						Year End 2020
	Gross						Gross
	Carrying		Accumulated		Net Carrying		Carrying		Accumulated		Net Carrying
(In millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Developed product technology	$	973.6	$	(733.4)	$	240.2	$	1,118.2	$	(811.1)	$	307.1
Customer relationships	652.0		(419.7)		232.3		681.1		(419.3)		261.8
Trade names and trademarks	46.6		(46.6)		—		58.3		(51.9)		6.4
Distribution rights and other intellectual property	38.2		(37.2)		1.0		45.8		(41.0)		4.8
	$	1,710.4	$	(1,236.9)	$	473.5	$	1,903.4	$	(1,323.3)	$	580.1

The estimated future amortization expense of purchased intangible assets as of the end of the third quarter of 2021 was as follows:

(In millions)
2021 (Remaining)	$	33.3
2022	118.7
2023	106.8
2024	81.3
2025	47.1
Thereafter	86.3
Total	$	473.5

Goodwill

The changes in the carrying amount of goodwill by segment for the first three quarters of 2021 were as follows: 

	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
Balance as of year end 2020	$	1,997.4	$	415.7	$	453.8	$	1,009.6	$	3,876.5
Decrease from the sale of businesses	(14.7)		—		(3.3)		—		(18.0)
Foreign currency translation and other adjustments	(8.2)		(7.9)		(6.6)		(12.2)		(34.9)
Balance as of the end of the third quarter of 2021	$	1,974.5	$	407.8	$	443.9	$	997.4	$	3,823.6