v3.25.2
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill by Segment
The changes in the carrying amount of goodwill by segment were as follows:
 (dollars in millions)ElectronicsIndustrial & SpecialtyTotal
Balance at December 31, 2024$1,258.1 $873.9 (1)$2,132.0 
Divestiture (2)
— (1.3)(1.3)
Foreign currency translation and other53.6 57.3 110.9 
Balance at June 30, 2025$1,311.7 $929.9 $2,241.6 
(1) Includes accumulated impairment losses of $46.6 million.
(2) In the second quarter of 2025, the Company completed an immaterial divestiture. See Note 2, Divestitures, to the unaudited Condensed Consolidated Financial Statements for further information.
Schedule of Major Components of Intangible Assets
The major components of intangible assets, net were as follows:
 June 30, 2025December 31, 2024
 (dollars in millions)Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Customer relationships$877.4 $(502.4)$375.0 $830.5 $(447.8)$382.7 
Developed technology307.5 (259.5)48.0 291.4 (233.3)58.1 
Trade names163.2 (41.0)122.2 92.9 (37.0)55.9 
Reacquired distribution rights187.0 (26.0)161.0 187.0 (19.7)167.3 
Indefinite-lived trade name— — — 68.0 — 68.0 
Total$1,535.1 $(828.9)$706.2 $1,469.8 $(737.8)$732.0