v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill

The following table sets forth the changes in the carrying amount of goodwill (in millions):

 

 

 

 

Balance at December 31, 2024

 

$

1,507.3

 

Current period additions

 

 

49.0

 

Current period adjustments

 

 

0.2

 

Foreign currency effect

 

 

92.7

 

Balance at June 30, 2025

 

$

1,649.2

 

 
Summary of intangible assets

The following is a summary of intangible assets (in millions):

 

June 30, 2025

 

 

December 31, 2024

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Existing technology and related patents

 

$

798.4

 

 

$

(338.9

)

 

$

459.5

 

 

$

724.5

 

 

$

(291.3

)

 

$

433.2

 

Customer relationships

 

 

613.9

 

 

 

(155.8

)

 

 

458.1

 

 

 

550.6

 

 

 

(125.6

)

 

 

425.0

 

Trade names

 

 

66.7

 

 

 

(21.9

)

 

 

44.8

 

 

 

60.9

 

 

 

(16.1

)

 

 

44.8

 

Other

 

 

18.2

 

 

 

(11.0

)

 

 

7.2

 

 

 

16.5

 

 

 

(7.0

)

 

 

9.5

 

Intangible assets

 

$

1,497.2

 

 

$

(527.6

)

 

$

969.6

 

 

$

1,352.5

 

 

$

(440.0

)

 

$

912.5