Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 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 September 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 —  (4.3) (4.3)
Balance—September 30, 2023 $ 616.0  $ 798.6  $ 1,414.6 
Gross carrying amounts and cumulative goodwill impairment losses are as follows (in millions):
September 30, 2023 December 31, 2022
Gross Carrying Amount Cumulative Impairment Gross Carrying Amount Cumulative Impairment
Goodwill $ 1,626.4  $ (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):
September 30, 2023
Original Average
 Life in Years		 Gross Carrying
 Amount		 Accumulated
 Amortization		 Net Book
 Value
Customer relationships
6 - 13
 $ 336.0  $ (127.8) $ 208.2 
Distributor relationships
7 - 13
 60.8  (14.1) 46.7 
Developed technology
5 - 16
 247.8  (59.3) 188.5 
Trade names
3 - 10
 97.8  (19.3) 78.5 
Backlog and other
1 - 4
 74.4  (47.0) 27.4 
Total $ 816.8  $ (267.5) $ 549.3 
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 September 30, Three Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
Amortization expense for intangible assets in:
Cost of revenues $ 6.8  $ 6.6  $ 20.3  $ 19.9 
Operating expenses $ 25.9  $ 28.6  $ 79.2  $ 91.6