v3.25.4
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

Intangible assets, net consist of the following:

(in millions)

 

Indefinite-
lived trade
names

 

 

Customer
relationship
intangibles

 

 

Definite-
lived trade
names

 

 

Acquired
Technology

 

 

Acquired
Content

 

 

Computer
software

 

 

Capitalized
software in
progress

 

 

Total
Intangible
Assets

 

Gross carrying
  amount at
  December 31, 2025

 

$

45.7

 

 

$

391.9

 

 

$

112.2

 

 

$

8.4

 

 

$

2.6

 

 

$

52.9

 

 

$

1.9

 

 

$

615.6

 

Accumulated amortization

 

 

—

 

 

 

(356.7

)

 

 

(34.4

)

 

 

(6.6

)

 

 

(1.8

)

 

 

(34.7

)

 

 

—

 

 

 

(434.2

)

Net carrying
  amount at
  December 31, 2025

 

$

45.7

 

 

$

35.2

 

 

$

77.8

 

 

$

1.8

 

 

$

0.8

 

 

$

18.2

 

 

$

1.9

 

 

$

181.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying
  amount at
  December 31, 2024

 

$

45.7

 

 

$

363.6

 

 

$

92.3

 

 

$

8.4

 

 

$

2.6

 

 

$

45.1

 

 

$

2.3

 

 

$

560.0

 

Accumulated amortization

 

 

—

 

 

 

(343.5

)

 

 

(27.6

)

 

 

(5.7

)

 

 

(1.4

)

 

 

(25.9

)

 

 

—

 

 

 

(404.1

)

Net carrying
  amount at
  December 31, 2024

 

$

45.7

 

 

$

20.1

 

 

$

64.7

 

 

$

2.7

 

 

$

1.2

 

 

$

19.2

 

 

$

2.3

 

 

$

155.9

 
Summary of Estimated Future Amortization Expense

Future amortization expense is estimated to be as follows for each of the five following years and thereafter ending December 31:

(in millions)

 

 

 

2026

 

$

29.7

 

2027

 

 

23.5

 

2028

 

 

16.2

 

2029

 

 

12.1

 

2030

 

 

8.2

 

Thereafter

 

 

44.1

 

 

$

133.8

 
Schedule of Changes in Carrying Amount of Goodwill for Each Reportable Segment

The table below summarizes the changes in the carrying amount of goodwill for each reportable segment:

 

 

Reportable Segment

 

 

 

 

 

 

 

(in millions)

 

Connections

 

 

All Other

 

 

Total

 

Balance at December 31, 2023

 

$

518.3

 

 

$

35.6

 

 

$

553.9

 

Acquired goodwill

 

 

19.9

 

 

 

—

 

 

 

19.9

 

Balance at December 31, 2024

 

$

538.2

 

 

$

35.6

 

 

$

573.8

 

Acquired goodwill

 

 

207.7

 

 

 

—

 

 

 

207.7

 

Foreign currency translation

 

 

2.1

 

 

 

—

 

 

 

2.1

 

Balance at December 31, 2025

 

$

748.0

 

 

$

35.6

 

 

$

783.6