| Note 4. Goodwill and intangible assets The following table summarizes the changes in the carrying amount of goodwill for the six months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| (in millions of $) |
|
|
|
|
|
|
|
|
|
| Balance as of January 1 |
|
|
618.8 |
|
|
|
1,067.8 |
|
|
|
1,686.6 |
|
| Remeasurement |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Foreign currency effect |
|
|
(13.9 |
) |
|
|
(23.9 |
) |
|
|
(37.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
604.9 |
|
|
|
1,043.9 |
|
|
|
1,648.8 |
| Intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| (in millions of $) |
|
|
|
|
|
|
|
|
|
| Customer relationships |
|
|
886.9 |
|
|
|
(485.8 |
) |
|
|
401.1 |
|
| Capitalized development costs |
|
|
460.4 |
|
|
|
(344.0 |
) |
|
|
116.4 |
|
| Trade names & trademarks (indefinite) |
|
|
202.0 |
|
|
|
— |
|
|
|
202.0 |
|
| Developed technology |
|
|
0.8 |
|
|
|
(0.6 |
) |
|
|
0.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Certain intangible assets are denominated in foreign currencies. As such, the change in intangible assets includes a component attributable to foreign currency translation. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| (in millions of $) |
|
|
|
|
|
|
|
|
|
| Customer relationships |
|
|
912.4 |
|
|
|
(473.4 |
) |
|
|
439.0 |
|
| Capitalized development costs |
|
|
465.3 |
|
|
|
(334.2 |
) |
|
|
131.1 |
|
| Trade names & trademarks (indefinite) |
|
|
207.0 |
|
|
|
— |
|
|
|
207.0 |
|
| Developed technology |
|
|
0.8 |
|
|
|
(0.6 |
) |
|
|
0.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Certain intangible assets are denominated in foreign currencies. As such, the change in intangible assets includes a component attributable to foreign currency translation. | Amortization expense of definite-lived intangible assets amounted to $22.3 million and $22.8 million for the three months ended June 30, 2026, and 2025, and $44.7 million and $45.4 million for the six months ended June 30, 2026 and 2025, respectively. During the six months ended June 30, 2026, the Company did not identify any reporting units or indefinite-lived intangibles that required an impairment test.
|