Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

The following table presents a summary of our intangible assets:

	Third Quarter of 2023						Year End 2022
	Gross						Gross
	Carrying		Accumulated		Net Carrying		Carrying		Accumulated		Net Carrying
(In millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Developed product technology	$	927.2	$	(554.1)	$	373.1	$	1,004.8	$	(722.7)	$	282.1
Customer relationships	1,347.1		(469.8)		877.3		654.1		(445.9)		208.2
Trade names and trademarks	44.8		(36.6)		8.2		39.5		(32.7)		6.8
Distribution rights and other intellectual property	4.4		(3.4)		1.0		8.0		(7.0)		1.0
	$	2,323.5	$	(1,063.9)	$	1,259.6	$	1,706.4	$	(1,208.3)	$	498.1

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense of intangible assets at the end of the third quarter of 2023 was as follows:

(In millions)
2023 (Remaining)	$	57.5
2024	200.1
2025	162.8
2026	157.7
2027	144.0
Thereafter	537.5
Total	$	1,259.6

Schedule of Changes in Carrying Amount of Goodwill by Operating Segment

The changes in the carrying amount of goodwill by segment for the first three quarters of 2023 were as follows: 

	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
Balance as of year end 2022	$	2,300.1	$	382.1	$	471.8	$	983.9	$	4,137.9
Additions due to acquisitions	28.1		—		—		1,391.8		1,419.9
Assets held for sale	—		(1.7)		(229.4)		—		(231.1)
Foreign currency translation and other adjustments	(2.2)		(3.6)		2.0		(43.2)		(47.0)
Balance as of the end of the third quarter of 2023	$	2,326.0	$	376.8	$	244.4	$	2,332.5	$	5,279.7