Intangible Assets and Goodwill

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

INTANGIBLE ASSETS AND GOODWILL

Intangible Assets

The following table presents a summary of our intangible assets:

	Third Quarter of 2022						Year End 2021
	Gross						Gross
	Carrying		Accumulated		Net Carrying		Carrying		Accumulated		Net Carrying
(In millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Developed product technology	$	1,010.6	$	(724.6)	$	286.0	$	1,011.9	$	(748.2)	$	263.7
Customer relationships	639.6		(422.5)		217.1		667.8		(428.9)		238.9
Trade names and trademarks	39.1		(31.5)		7.6		48.0		(45.0)		3.0
Distribution rights and other intellectual property	8.1		(7.1)		1.0		10.0		(9.0)		1.0
	$	1,697.4	$	(1,185.7)	$	511.7	$	1,737.7	$	(1,231.1)	$	506.6

The estimated future amortization expense of intangible assets at the end of the third quarter of 2022 was as follows:

(In millions)
2022 (Remaining)	$	33.2
2023	129.9
2024	105.5
2025	70.1
2026	64.0
Thereafter	109.0
Total	$	511.7

Goodwill

The changes in the carrying amount of goodwill by segment for the first three quarters of 2022 were as follows: 

	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
Balance as of year end 2021	$	2,141.4	$	403.6	$	440.8	$	995.7	$	3,981.5
Additions due to acquisitions	214.6		—		—		—		214.6
Decrease from divestitures	(23.9)		(6.9)		—		(6.9)		(37.7)
Foreign currency translation and other adjustments	(67.8)		(23.3)		(20.1)		(10.1)		(121.3)
Balance as of the end of the third quarter of 2022	$	2,264.3	$	373.4	$	420.7	$	978.7	$	4,037.1