| | | | | | | 5 | Goodwill and Other Intangible Assets, Net |
The company's acquisition of Tornado Infrastructure Equipment on December 8, 2025 resulted in the recognition of $138.1 million and $63.8 million of preliminary goodwill and other intangible assets, respectively. For additional information on the company's acquisition of Tornado Infrastructure Equipment, refer to Note 2, Acquisitions and Divestitures. Goodwill The changes in the carrying amount of goodwill by reportable segment for the first six months of fiscal 2026 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | Professional | | Residential | | Other | | Total | | Balance as of October 31, 2025 | | $ | 440.9 | | | $ | 10.0 | | | $ | — | | | $ | 450.9 | | | Goodwill acquired | | 138.1 | | | — | | | — | | | 138.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Translation adjustments | | 2.0 | | | — | | | — | | | 2.0 | | | Balance as of May 1, 2026 | | $ | 581.0 | | | $ | 10.0 | | | $ | — | | | $ | 591.0 | |
Other Intangible Assets, Net The components of other intangible assets, net as of May 1, 2026, May 2, 2025, and October 31, 2025 were as follows (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | May 1, 2026 | | Weighted-Average Useful Life in Years | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Patents | | 9.5 | | $ | 10.1 | | | $ | (9.5) | | | $ | 0.6 | | | | | | | | | | | | Customer-related | | 15.3 | | 350.0 | | | (158.7) | | | 191.3 | | | Developed technology | | 7.2 | | 117.1 | | | (89.1) | | | 28.0 | | | Trade names | | 12.9 | | 9.6 | | | (7.0) | | | 2.6 | | | Backlog and other | | 0.5 | | 5.0 | | | (4.1) | | | 0.9 | | | Total finite-lived | | 13.0 | | 491.8 | | | (268.4) | | | 223.4 | | | Indefinite-lived - trade names | | | | 210.4 | | | — | | | 210.4 | | | Total other intangible assets, net | | | | $ | 702.2 | | | $ | (268.4) | | | $ | 433.8 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | May 2, 2025 | | Weighted-Average Useful Life in Years | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Patents | | 9.9 | | $ | 18.2 | | | $ | (17.1) | | | $ | 1.1 | | | | | | | | | | | | Customer-related | | 16.0 | | 320.0 | | | (138.2) | | | 181.8 | | | Developed technology | | 7.0 | | 107.1 | | | (78.0) | | | 29.1 | | | Trade names | | 13.7 | | 10.8 | | | (7.2) | | | 3.6 | | | | | | | | | | | | Total finite-lived | | 13.6 | | 456.1 | | | (240.5) | | | 215.6 | | | Indefinite-lived - trade names | | | | 271.7 | | | — | | | 271.7 | | | Total other intangible assets, net | | | | $ | 727.8 | | | $ | (240.5) | | | $ | 487.3 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | October 31, 2025 | | Weighted-Average Useful Life in Years | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Patents | | 9.5 | | $ | 10.1 | | | $ | (9.3) | | | $ | 0.8 | | | | | | | | | | | | Customer-related | | 16.0 | | 320.0 | | | (147.6) | | | 172.4 | | | Developed technology | | 7.0 | | 107.1 | | | (83.3) | | | 23.8 | | | Trade names | | 12.9 | | 9.6 | | | (6.9) | | | 2.7 | | | | | | | | | | | | Total finite-lived | | 13.6 | | 446.8 | | | (247.1) | | | 199.7 | | | Indefinite-lived - trade names | | | | 190.6 | | | — | | | 190.6 | | | Total other intangible assets, net | | | | $ | 637.4 | | | $ | (247.1) | | | $ | 390.3 | |
Amortization expense for finite-lived intangible assets for the three and six months ended May 1, 2026 were $11.1 million and $21.1 million, respectively. Amortization expense for finite-lived intangible assets for the three and six months ended May 2, 2025 were $7.7 million and $15.6 million, respectively. As of May 1, 2026, estimated amortization expense for the remainder of fiscal 2026 and succeeding fiscal years is as follows: | | | | | | | | | | (Dollars in millions) | | May 1, 2026 | | 2026 (remaining) | | $ | 18.3 | | | 2027 | | 29.9 | | | 2028 | | 27.3 | | | 2029 | | 26.1 | | | 2030 | | 24.9 | | | 2031 | | 24.7 | | | Thereafter | | 72.2 | | | Total estimated amortization expense | | $ | 223.4 | |
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