v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill activity for each of the Company’s reportable segments, MS and APS, was as follows at June 28, 2025 and December 31, 2024:

(In millions)MSAPSTotal
December 31, 2024$3,631.3 $312.3 $3,943.6 
Foreign currency translation— 1.3 1.3 
June 28, 2025$3,631.3 $313.6 $3,944.9 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Identifiable intangible assets at June 28, 2025 and December 31, 2024 consisted of the following:
June 28, 2025
(In millions)Gross carrying
amount		Accumulated
amortization		Net carrying
value
Developed technology$1,256.9 $674.4 $582.5 
Trademarks and trade names172.0 54.2 117.8 
Customer relationships630.6 340.5 290.1 
In-process research and development (1)
6.6 — 6.6 
Other25.5 23.5 2.0 
$2,091.6 $1,092.6 $999.0 
December 31, 2024
(In millions)Gross carrying
amount		Accumulated
amortization		Net carrying
value
Developed technology$1,256.7 $601.7 $655.0 
Trademarks and trade names172.0 48.8 123.2 
Customer relationships630.5 326.5 304.0 
In-process research and development (1)
6.6 — 6.6 
Other25.5 22.6 2.9 
$2,091.3 $999.6 $1,091.7 
(1) Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived until the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we move the asset to developed technology, determine the useful life and begin amortizing the assets.
Estimated Future Amortization Expense
Future amortization expense relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated to be the following at June 28, 2025:

(In millions)Remaining 20252026202720282029ThereafterTotal
Future amortization expense$92.8 $182.5 $178.9 $176.4 $110.7 $257.7 $999.0