v3.26.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Apr. 03, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The following table presents a summary of our intangible assets:
As of
First Quarter of 2026Year End 2025
 Gross  Gross  
CarryingAccumulatedNet CarryingCarryingAccumulatedNet Carrying
(In millions)AmountAmortizationAmountAmountAmortizationAmount
Developed product technology$798.0 $(602.8)$195.2 $804.9 $(592.3)$212.6 
Customer relationships1,181.0 (507.1)673.9 1,199.6 (491.6)708.0 
Trade names and other intellectual properties
34.6 (31.6)3.0 35.1 (31.6)3.5 
$2,013.6 $(1,141.5)$872.1 $2,039.6 $(1,115.5)$924.1 
Schedule of Estimated Future Amortization Expense
The estimated future amortization expense of intangible assets at the end of the first quarter of 2026 was as follows:
(In millions)
2026 (Remaining)$126.8 
2027156.5 
2028142.3 
2029120.8 
203084.7 
Thereafter241.0 
Total$872.1 
Schedule of Changes in Carrying Amount of Goodwill by Operating Segment
The changes in the carrying amount of goodwill by segment for the first quarter of 2026 were as follows:
AECOField SystemsT&LTotal
(In millions)    
Balance as of year end 2025
$2,037.0 $977.2 $2,225.5 $5,239.7 
Foreign currency translation and other adjustments(4.0)(2.2)(19.9)(26.1)
Balance as of the end of the first quarter of 2026$2,033.0 $975.0 $2,205.6 $5,213.6