
(Amounts in millions)	Commercial & Industrial Group		Snap-on Tools Group		Repair Systems & Information Group		Total
Balance as of January 3, 2026	$	349.4	$	12.4	$	747.7	$	1,109.5
Currency translation	(9.4)		—		(5.4)		(14.8)
Acquisitions	39.8		—		97.0		136.8
Balance as of July 4, 2026	$	379.8	$	12.4	$	839.3	$	1,231.5

Goodwill of $1,231.5 million as of July 4, 2026, included $97.0 million from the acquisition of Diesel Laptops, on a preliminary basis, $37.7 million from the acquisition of Hi-Force, on a preliminary basis, and $2.1 million from the acquisition of Car-O-Liner Australia. The goodwill from the Diesel Laptops acquisition is reported in the Repair Systems & Information Group segment and the goodwill from the Hi-Force and Car-O-Liner Australia acquisitions is reported in the Commercial & Industrial Group segment. See Note 3 for additional information on acquisitions.

Additional disclosures related to other intangible assets are as follows:


	July 4, 2026						January 3, 2026
(Amounts in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortized other intangible assets:
Customer relationships	$	78.6	$	(36.8)	$	41.8	$	79.8	$	(34.7)	$	45.1
Developed technology	26.4		(26.4)		—		26.5		(26.0)		0.5
Internally developed software	208.1		(152.0)		56.1		200.8		(146.5)		54.3
Patents	55.9		(24.0)		31.9		54.0		(23.4)		30.6
Trademarks	4.1		(2.8)		1.3		4.1		(2.8)		1.3
Other	0.9		(0.5)		0.4		0.9		(0.5)		0.4
Total	374.0		(242.5)		131.5		366.1		(233.9)		132.2
Non-amortized trademarks	136.3		—		136.3		138.5		—		138.5
Total other intangible assets	$	510.3	$	(242.5)	$	267.8	$	504.6	$	(233.9)	$	270.7

Snap-on completed its annual impairment testing of goodwill and other indefinite-lived intangible assets in the second quarter of 2026, the results of which did not result in any impairment. Provisions for impairment of goodwill and/or other intangible assets could arise in a future period due to significant and unanticipated changes in circumstances, such as declines in profitability and cash flow due to long-term deterioration in macroeconomic, industry and market conditions, the loss of key customers, changes in technology or markets, changes in key personnel or litigation, a sustained decrease in share price and/or other events. As of July 4, 2026, the company had no accumulated impairment losses.

The weighted-average amortization period for all amortizable intangible assets on a combined basis is 11 years. Intangible asset renewal costs are expensed as incurred.

The aggregate amortization expense was $4.7 million and $10.0 million for the respective three and six month periods ended July 4, 2026, and $5.9 million and $11.6 million for the respective three and six month periods ended June 28, 2025. Based on current levels of amortizable intangible assets and estimated weighted-average useful lives, estimated annual amortization expense is expected to be $19.0 million in 2026, $17.0 million in 2027, $14.1 million in 2028, $11.7 million in 2029, $10.8 million in 2030, and $8.6 million in 2031.