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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 are as follows:
DxDDTotal
December 31, 2022December 31, 2021December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Balance as of January 1$4,046.2 $3,800.2 $3,912.7 $3,951.3 $7,958.9 $7,751.5 
Goodwill acquired during the year557.9 245.1 40.6 53.3 598.5 298.4 
Impairment— — (260.0)— (260.0)— 
Foreign currency impact and other adjustments to goodwill(70.6)0.9 (105.8)(91.9)(176.4)(91.0)
Balance at end of year$4,533.5 $4,046.2 $3,587.5 $3,912.7 $8,121.0 $7,958.9 
The components of identifiable intangible assets are as follows:
 December 31, 2022December 31, 2021
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$4,681.1 $(1,546.4)$3,134.7 $4,336.0 $(1,362.1)$2,973.9 
Patents, licenses and technology574.1 (291.1)283.0 484.6 (267.4)217.2 
Non-compete agreements86.6 (50.5)36.1 70.2 (35.5)34.7 
Trade names16.4 (3.5)12.9 19.8 (15.5)4.3 
Land use rights10.3 (8.8)1.5 10.4 (7.6)2.8 
Canadian licenses468.7 — 468.7 493.5 — 493.5 
Content5.1 (4.2)0.9 — — — 
In process research and development9.1 — 9.1 9.1 — 9.1 
 $5,851.4 $(1,904.5)$3,946.9 $5,423.6 $(1,688.1)$3,735.5 
During 2022, the Company recorded goodwill and other asset impairment charges of $271.5 which was primarily comprised of goodwill impairment and the impairment of a technology intangible asset.
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. 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.
The cumulative goodwill impairment for the Company through December 31, 2022 is $733.6.
In December 2020, the Company undertook a rebranding initiative and 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.
A summary of amortizable intangible assets acquired during 2022, and their respective weighted average amortization periods are as follows:
AmountWeighted Average
Amortization Period
Customer relationships$408.5 18.2
Patents, licenses and technology106.4 13.8
Non-compete agreements16.6 5.0
Trade name10.8 6.0
$542.3 16.7
Amortization of intangible assets was $259.3, $369.6 and $275.4 in 2022, 2021 and 2020, respectively. Amortization expense of intangible assets is estimated to be $273.5 in fiscal 2023, $268.9 in fiscal 2024, $256.7 in fiscal 2025, $246.9 in fiscal 2026, $232.5 in fiscal 2027, and $2,055.6 thereafter.