Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table shows changes in the carrying amount of goodwill by reportable segment as of June 30, 2023 and December 31, 2022 (in millions):
Medical Technologies Consolidated
Balance—December 31, 2022 $ 616.0  $ 802.0  $ 1,418.0 
Measurement period adjustment —  0.9  0.9 
Translation adjustment —  6.3  6.3 
Balance—June 30, 2023 $ 616.0  $ 809.2  $ 1,425.2 
Gross carrying amounts and cumulative goodwill impairment losses are as follows (in millions):
June 30, 2023 December 31, 2022
Gross Carrying Amount Cumulative Impairment Gross Carrying Amount Cumulative Impairment
Goodwill $ 1,637.0  $ (211.8) $ 1,629.8  $ (211.8)
Schedule of Finite-Lived Intangible Assets A summary of intangible assets useful lives, gross carrying value and related accumulated amortization is below (in millions):
June 30, 2023
Original Average
 Life in Years		 Gross Carrying
 Amount		 Accumulated
 Amortization		 Net Book
 Value
Customer relationships
6 - 13
 $ 338.0  $ (114.1) $ 223.9 
Distributor relationships
7 - 13
 60.9  (12.4) 48.5 
Developed technology
5 - 16
 250.5  (52.0) 198.5 
Trade names
3 - 10
 98.7  (17.0) 81.7 
Backlog and other
1 - 4
 75.4  (41.4) 34.0 
Total $ 823.6  $ (236.9) $ 586.7 
December 31, 2022
Original Average
 Life in Years		 Gross Carrying
 Amount		 Accumulated
 Amortization 		Net Book
 Value
Customer relationships
6 - 13
 $ 336.8  $ (83.1) $ 253.7 
Distributor relationships
7 - 13
 60.9  (8.7) 52.2 
Developed technology
5 - 16
 248.9  (36.3) 212.6 
Trade names
3 - 10
 98.2  (12.0) 86.2 
Backlog and other
1 - 4
 74.8  (29.1) 45.7 
Total $ 819.6  $ (169.2) $ 650.4 
Schedule of Finite-lived Intangible Assets Amortization Expense
Aggregate amortization expense for intangible assets included in cost of revenues and operating expenses was as follows (in millions):
Three Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Amortization expense for intangible assets in:
Cost of revenues $ 6.8  $ 6.6  $ 13.5  $ 13.3 
Operating expenses $ 26.4  $ 30.9  $ 53.3  $ 63.0