Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The carrying value of goodwill by segment was as follows:

	Application Software		Network Software		Technology Enabled Products		Total
Balances at December 31, 2020	$	8,802.3	$	3,604.5	$	931.6	$	13,338.4
Goodwill acquired	85.9		52.9		—		138.8
Currency translation adjustments	(5.8)		(3.0)		0.1		(8.7)
Reclassifications and other	6.9		0.9		—		7.8
Balances at December 31, 2021	$	8,889.3	$	3,655.3	$	931.7	$	13,476.3
Goodwill acquired	2,559.1		—		—		2,559.1
Currency translation adjustments	(32.1)		(56.3)		(1.4)		(89.8)
Reclassifications and other	1.2		(0.7)		—		0.5
Balances at December 31, 2022	$	11,417.5	$	3,598.3	$	930.3	$	15,946.1

Reclassifications and other during the years ended December 31, 2022 were due primarily to purchase accounting and tax adjustments for acquisitions completed in 2022 and 2021. See Note 2 for information regarding acquisitions.

Other intangible assets were comprised of:

	Cost		Accumulated amortization		Net book value
Assets subject to amortization:
Customer related intangibles	$	7,379.6	$	(1,989.8)	$	5,389.8
Unpatented technology	886.4		(414.6)		471.8
Software	149.5		(122.4)		27.1
Patents and other protective rights	8.5		(1.0)		7.5
Trade names	12.1		(5.6)		6.5
Assets not subject to amortization:
Trade names	606.4		—		606.4
Balances at December 31, 2021	$	9,042.5	$	(2,533.4)	$	6,509.1
Assets subject to amortization:
Customer related intangibles	$	9,300.7	$	(2,437.7)	$	6,863.0
Unpatented technology	954.6		(506.9)		447.7
Software	149.0		(134.0)		15.0
Patents and other protective rights	10.3		(1.2)		9.1
Trade names	9.7		(3.1)		6.6
Assets not subject to amortization:
Trade names	689.3		—		689.3
Balances at December 31, 2022	$	11,113.6	$	(3,082.9)	$	8,030.7

Amortization expense of other intangible assets was $600.5, $565.1, and $446.4 during the years ended December 31, 2022, 2021 and 2020, respectively. Amortization expense is expected to be $676.0 in 2023, $632.0 in 2024, $606.0 in 2025, $576.0 in 2026 and $542.0 in 2027.