Other commitments

[Table of Contents](#i30d98ad3bee64d018232130137db9899_7)GoodwillThe following table summarizes the changes in the carrying amount of goodwill (in millions):

|  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
|  |  | Amount |
| Balance as of December 31, 2019 |  | $ | 307.2  |  |
| Acquisition activity |  | 29.3  |  |
| Translation and other |  | 0.2  |  |
| Balance as of December 31, 2020 |  | 336.7  |  |
| Acquisition activity |  | 8.0  |  |
| Translation and other |  | (1.1) |  |
| Balance as of December 31, 2021 |  | $ | 343.6  |  |

The Company completed its annual goodwill impairment test and determined that no impairment existed. As of December 31, 2021, there has been no impairment of goodwill.Intangible AssetsThe following table summarizes the components of gross intangible asset, accumulated amortization, and net intangible asset balances as of December 31, 2021, and 2020 (in millions):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | December 31, 2021 |  | December 31, 2020 |
|  |  | Gross Carrying Amount |  | Accumulated Amortization |  | NetCarryingAmount |  | Gross Carrying Amount |  | Accumulated Amortization |  | NetCarryingAmount |
| Patents and developed technology |  | $ | 219.3  |  |  | $ | (173.2) |  |  | $ | 46.1  |  |  | $ | 198.4  |  |  | $ | (158.7) |  |  | $ | 39.7  |  |
| Distribution rights and others |  | 26.3  |  |  | (19.4) |  |  | 6.9  |  |  | 91.9  |  |  | (77.4) |  |  | 14.5  |  |
| Customer relationships |  | 31.8  |  |  | (14.3) |  |  | 17.5  |  |  | 59.0  |  |  | (35.8) |  |  | 23.2  |  |
| Total intangible assets |  | $ | 277.4  |  |  | $ | (206.9) |  |  | $ | 70.5  |  |  | $ | 349.3  |  |  | $ | (271.9) |  |  | $ | 77.4  |  |

Amortization expense related to intangible assets was $27.4 million, $49.8 million, and $43.0 million for the years ended December 31, 2021, 2020, and 2019, respectively.The estimated future amortization expense related to intangible assets as of December 31, 2021, is as follows (in millions):

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Fiscal Year | Amount |
| 2022 | $ | 23.6  |  |
| 2023 | 19.0  |  |
| 2024 | 15.0  |  |
| 2025 | 9.6  |  |
| 2026 | 2.7  |  |
| 2027 and thereafter | 0.6  |  |
| Total | $ | 70.5  |  |

The preceding expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, accelerated amortization of intangible assets, and other events.NOTE 8.    COMMITMENTS AND CONTINGENCIESCommitmentsAs of December 31, 2021, the Company’s commitments include an estimated amount of approximately $1.51 billion relating to the Company’s open purchase orders and contractual obligations that occur in the ordinary course of business, including commitments with contract manufacturers and suppliers for which the Company has not received the goods or services, commitments for capital expenditures and construction-related activities for which the Company has not received the services, and acquisition and licensing of intellectual property. Although open purchase orders are considered enforceable and legally binding, the terms generally allow the Company the option to cancel, reschedule, and adjust its requirements based on its business needs prior to the delivery of goods or performance of services. Additionally, the Company has committed to make certain future milestone payments to third parties as part of licensing, collaboration, and development arrangements. Payments 106
