v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes To Goodwill
Changes to goodwill are as follows:
(in millions) Aerospace & ElectronicsProcess Flow TechnologiesTotal
Balance as of December 31, 2024$248.5 $413.1 $661.6 
Acquisition (a)
— 0.2 0.2 
Currency translation 0.2 22.9 23.1 
Balance as of June 30, 2025$248.7 $436.2 $684.9 
(a) For the period ended June 30, 2025, adjustments within the Process Flow Technologies segment of $0.2 million relate to the Technifab final working capital adjustment. See Note 2 for further information.
Changes To Intangible Assets
Changes to intangible assets are as follows:
(in millions)Six Months Ended June 30,2025Year Ended December 31, 2024
Balance at beginning of period, net of accumulated amortization$159.9 $87.1 
Additions (a)
— 92.4 
Amortization expense(7.3)(17.6)
Currency translation and other3.5 (2.0)
Balance at end of period, net of accumulated amortization$156.1 $159.9 
(a) For the year ended December 31, 2024, additions of $92.4 million relate to the acquisitions of Vian Enterprises, Inc., CryoWorks, Inc. and Technifab.
Summary Of Intangible Assets
A summary of intangible assets are as follows:
June 30, 2025December 31, 2024
(dollars in millions)
Weighted Average
Amortization Period of Definite Lived Assets (in years)		Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights16.4$82.1 $43.9 $38.2 $79.8 $42.4 $37.4 
Customer relationships and backlog20.5194.7 78.4 116.3 191.0 70.2 120.8 
Drawings40.011.1 10.9 0.2 11.1 10.8 0.3 
Other25.938.4 37.0 1.4 37.9 36.5 1.4 
Total20.8$326.3 $170.2 $156.1 $319.8 $159.9 $159.9 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Future amortization expense associated with intangible assets is expected to be:
(in millions)
Remainder of 2025$6.6 
202612.2 
202711.5 
202810.3 
202910.3 
2030 and after82.2