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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The changes in the carrying amount of goodwill (net of impairment) for the years ended December 31, 2021 and 2020 are as follows:
DxDDTotal
December 31, 2021December 31, 2020December 31, 2021December 31, 2020December 31, 2021December 31, 2020
Balance as of January 1$3,800.2 $3,721.5 $3,951.3 $4,143.5 $7,751.5 $7,865.0 
Goodwill acquired during the year245.1 75.8 53.3 90.4 298.4 166.2 
Dispositions— — — — — — 
Impairment— (3.7)— (418.7)— (422.4)
Foreign currency impact and other adjustments to goodwill0.9 6.6 (91.9)136.1 (91.0)142.7 
Balance at end of year$4,046.2 $3,800.2 $3,912.7 $3,951.3 $7,958.9 $7,751.5 
The components of identifiable intangible assets are as follows:
 December 31, 2021December 31, 2020
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$4,336.0 $(1,362.1)$2,973.9 $4,643.3 $(1,534.9)$3,108.4 
Patents, licenses and technology484.6 (267.4)217.2 434.7 (252.6)182.1 
Non-compete agreements70.2 (35.5)34.7 109.6 (70.7)38.9 
Trade names19.8 (15.5)4.3 401.8 (263.9)137.9 
Land use rights10.4 (7.6)2.8 10.9 (6.9)4.0 
Canadian licenses493.5 — 493.5 489.8 — 489.8 
In process research and development9.1 — 9.1 — — — 
 $5,423.6 $(1,688.1)$3,735.5 $6,090.1 $(2,129.0)$3,961.1 
During 2020, the Company recorded goodwill and other asset impairment charges of $462.1, $450.5 within DD and $11.6 within Dx. The Company concluded that the fair value was less than the carrying value for two of its reporting units and recorded goodwill impairment of $418.7 and $3.7 for DD and Dx, respectively. This is the cumulative goodwill impairment for the Company through December 31, 2021. Additional impairment of identifiable intangible and tangible assets of $31.8 and $7.9 was recorded for DD and Dx, respectively, in 2020, for impairment of a tradename, software, customer relationships, and technology assets.
As part of the rebranding initiative, the Company reduced the estimated useful life of its trade name assets to reflect their anticipated use through December 2021. This change in estimated useful life resulted in accelerated amortization of $88.4 and $27.5 in 2021 and 2020.
Fully amortized intangible assets were written off during 2021.
A summary of amortizable intangible assets acquired during 2021, and their respective weighted average amortization periods are as follows:
AmountWeighted Average
Amortization Period
Customer relationships$142.9 14.1
Patents, licenses and technology36.1 5.0
Non-compete agreements5.8 5.0
Trade name4.6 5.0
In process research and development9.1 N/A
$198.5 11.3
Amortization of intangible assets, including amortization of the Canadian license recorded in other assets, was $369.6, $275.4 and $243.2 in 2021, 2020 and 2019, respectively. The Company recorded purchase accounting adjustments and impairment
losses through amortization expense of $0.4 in 2019. Amortization expense of intangible assets is estimated to be $237.9 in fiscal 2022, $234.6 in fiscal 2023, $230.0 in fiscal 2024, $217.8 in fiscal 2025, $208.5 in fiscal 2026, and $2,021.9 thereafter.