v3.25.2
GOODWILL (Notes)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure
The following table sets forth the changes in the carrying value of goodwill by reportable segment for the period presented:
EES
CSSUBSTotal
(In millions)
Beginning balance, January 1, 2025
$799.3 $1,347.0 $1,133.8 $3,280.1 
Adjustments to goodwill for acquisitions20.1 0.3 — 20.4 
Foreign currency exchange rate changes28.8 8.5 13.9 51.2 
Ending balance, June 30, 2025
$848.2 $1,355.8 $1,147.7 $3,351.7 

The components of intangible assets are as follows:
As of
June 30, 2025December 31, 2024
Life (in years)
Gross Carrying Amount (1)
Accumulated Amortization (1)
Net Carrying Amount
Gross Carrying Amount (1)
Accumulated Amortization (1)
Net Carrying Amount
Intangible assets:(In millions)
TrademarksIndefinite$791.9 $— $791.9 $789.7 $— $789.7 
Customer relationships
9 - 20
1,525.3 (529.2)996.1 1,502.4 (476.4)1,026.0 
Distribution agreements
8 - 19
40.0 (29.2)10.8 29.2 (27.7)1.5 
Trademarks
5 and 12
15.5 (12.9)2.6 15.5 (11.7)3.8 
Software
7
16.0 (2.3)13.7 16.0 (1.1)14.9 
$2,388.7 $(573.6)$1,815.1 $2,352.8 $(516.9)$1,835.9 
(1)    Excludes the original cost and related accumulated amortization of fully-amortized intangible assets.
Amortization expense related to intangible assets totaled $22.3 million and $21.9 million for the three months ended June 30, 2025 and 2024, respectively, and $44.5 million and $43.8 million for the six months ended June 30, 2025 and 2024, respectively.
The following table sets forth the remaining estimated amortization expense for intangible assets for the next five years and thereafter:
For the year ending December 31,(In millions)
Remaining 2025$45.6 
202686.1 
202783.2 
202881.5 
202980.4 
Thereafter646.4 
Total
$1,023.2