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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2023
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, 2023 and 2022 were as follows:
DxBLSTotal
December 31, 2023December 31, 2022December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Balance as of January 1$4,533.5 $4,046.2 $1,590.2 $1,844.8 $6,123.7 $5,891.0 
Goodwill acquired during the year296.9 557.9 — 40.6 296.9 598.5 
Impairment— — (333.6)(260.0)(333.6)(260.0)
Foreign currency impact and other adjustments to goodwill(16.5)(70.6)72.0 (35.2)55.5 (105.8)
Balance at end of year$4,813.9 $4,533.5 $1,328.6 $1,590.2 $6,142.5 $6,123.7 
The components of identifiable intangible assets are as follows:
 December 31, 2023December 31, 2022
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$3,868.6 $(1,367.2)$2,501.4 $3,490.0 $(1,169.7)$2,320.3 
Patents, licenses and technology526.6 (273.3)253.3 520.4 (243.3)277.1 
Non-compete agreements130.3 (60.4)69.9 80.1 (46.8)33.3 
Trade names16.4 (6.1)10.3 16.4 (3.5)12.9 
Land use rights3.5 (2.7)0.8 3.5 (2.2)1.3 
Canadian licenses498.8 — 498.8 468.7 — 468.7 
Content5.1 (4.7)0.4 5.1 (4.2)0.9 
In process research and development9.1 (2.0)7.1 9.1 — 9.1 
 $5,058.4 $(1,716.4)$3,342.0 $4,593.3 $(1,469.7)$3,123.6 
During 2023, the Company recorded goodwill and other asset impairment charges of $349.0 which was primarily comprised of $333.6 of goodwill impairment for the ED reporting unit. During 2022, the Company recorded goodwill and other asset impairment charges of $261.7 which was primarily comprised of goodwill impairment and the impairment of a technology intangible asset.
The cumulative goodwill impairment for the Company through December 31, 2023 was $648.5 and relates completely to the ED reporting unit of the BLS segment.
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 $30.8 in 2021.
A summary of amortizable intangible assets acquired during 2023, and their respective weighted average amortization periods are as follows:
AmountWeighted Average
Amortization Period
Customer relationships$260.6 12.5
Non-compete agreements53.3 0.8
$313.9 13.3
Amortization of intangible assets was $219.8, $193.6 and $229.5 in 2023, 2022 and 2021, respectively. Amortization expense of intangible assets is estimated to be $235.4 in fiscal 2024, $225.7 in fiscal 2025, $216.8 in fiscal 2026, $205.5 in fiscal 2027, $197.3 in fiscal 2028, and $1,675.0 thereafter.