Business Combination, Intangible Assets And Goodwill (Tables)

12 Months Ended

Dec. 31, 2021

The following table summarizes the business combinations completed during the periods indicated:


	2021		2020		2019
(In millions)
Fair value of total purchase consideration	$	237.5	$	205.1	$	247.0
Less fair value of net assets acquired:
Net tangible assets acquired	(5.2)		(1.6)		6.7
Identified intangible assets	67.2		56.7		104.6
Deferred taxes	—		0.7		(3.4)

Goodwill	$	175.5	$	149.3	$	139.1

The following table presents a summary of our intangible assets:


		At the End of 2021						At the End of 2020
(In millions)	Weighted-Average Useful Lives (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed product technology	6	$	1,011.9	$	(748.2)	$	263.7	$	1,118.2	$	(811.1)	$	307.1
Customer relationships	9	667.8		(428.9)		238.9		681.1		(419.3)		261.8
Trade names and trademarks	6	48.0		(45.0)		3.0		58.3		(51.9)		6.4
Distribution rights and other intellectual properties	4	10.0		(9.0)		1.0		45.8		(41.0)		4.8
		$	1,737.7	$	(1,231.1)	$	506.6	$	1,903.4	$	(1,323.3)	$	580.1

The estimated future amortization expense of intangible assets at the end of 2021 was as follows:

The changes in the carrying amount of goodwill by segment were as follows:


(In millions)	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
Balance as of year end 2020	$	1,997.4	$	415.7	$	453.8	$	1,009.6	$	3,876.5

Additions due to acquisition	175.5		—		—		—		175.5
Decrease from the sale of businesses	(14.7)		—		(3.3)		—		(18.0)
Foreign currency translation and other adjustments	(16.8)		(12.1)		(9.7)		(13.9)		(52.5)

Balance as of year end 2021	$	2,141.4	$	403.6	$	440.8	$	995.7	$	3,981.5