v3.25.2
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jul. 04, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The following table presents a summary of our intangible assets:
As of
Second Quarter of 2025Year End 2024
 Gross  Gross  
CarryingAccumulatedNet CarryingCarryingAccumulatedNet Carrying
(In millions)AmountAmortizationAmountAmountAmortizationAmount
Developed product technology$827.8 $(581.7)$246.1 $819.0 $(561.2)$257.8 
Customer relationships1,278.7 (514.4)764.3 1,175.5 (440.2)735.3 
Trade names and other intellectual properties
36.6 (32.2)4.4 39.0 (34.0)5.0 
$2,143.1 $(1,128.3)$1,014.8 $2,033.5 $(1,035.4)$998.1 
Schedule of Estimated Future Amortization Expense
The estimated future amortization expense of intangible assets at the end of the second quarter of 2025 was as follows:
(In millions)
2025 (Remaining)$87.8 
2026171.5 
2027158.2 
2028144.0 
2029122.5 
Thereafter330.8 
Total$1,014.8 
Schedule of Changes in Carrying Amount of Goodwill by Operating Segment
The changes in the carrying amount of goodwill by segment for the first two quarters of 2025 were as follows: 
AECO
Field Systems
T&L
Total
(In millions)    
Balance as of year end 2024
$1,986.1 $958.2 $2,044.1 $4,988.4 
Decreases due to divestitures
— — (3.6)(3.6)
Foreign currency translation and other adjustments53.7 18.0 191.1 262.8 
Balance as of the end of the second quarter of 2025$2,039.8 $976.2 $2,231.6 $5,247.6