v3.25.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The gross carrying amount of goodwill was as follows (in thousands):
Balance at December 31, 2024$1,716,323 
Foreign exchange43,722 
Balance at March 31, 2025$1,760,045 
The gross carrying amounts and net book values of our intangible assets were as follows (in thousands): 
 March 31, 2025December 31, 2024
 Remaining
Weighted-
Average Useful
Life
(In years)
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Acquired developed technologies7.6$7,888,175 $(3,170,017)$4,718,158 $7,699,423 $(2,943,728)$4,755,695 
Manufacturing contracts11,577 (11,577)— 11,121 (11,121)— 
Trademarks2,879 (2,879)— 2,868 (2,868)— 
Total finite-lived intangible assets$7,902,631 $(3,184,473)$4,718,158 $7,713,412 $(2,957,717)$4,755,695 
The increase in the gross carrying amount of intangible assets as of March 31, 2025, compared to December 31, 2024, relates to the positive impact of foreign currency translation adjustments primarily due to the strengthening of sterling against the U.S. dollar.
The assumptions and estimates used to determine future cash flows and remaining useful lives of our intangible and other long-lived assets are complex and subjective. They can be affected by various factors, including external factors, such as industry and economic trends, and internal factors such as changes in our business strategy and our forecasts for specific product lines.
Based on finite-lived intangible assets recorded as of March 31, 2025, and assuming the underlying assets will not be impaired and that we will not change the expected lives of the assets, future amortization expenses were estimated as follows (in thousands): 
Year Ending December 31,Estimated Amortization Expense
2025 (remainder)$475,293 
2026633,724 
2027633,724 
2028632,392 
2029630,658 
Thereafter1,712,367 
Total$4,718,158