v3.26.1
Goodwill and intangible assets
6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets
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:
 
    
2026
 
(in millions of $)
  
Equipment
   
Services
   
Total
 
Balance as of January 1
     618.8       1,067.8       1,686.6  
Remeasurement
 
 
— 
 
 
 
— 
 
 
 
— 
 
Foreign currency effect
     (13.9     (23.9     (37.8
  
 
 
   
 
 
   
 
 
 
Balance as of June 30
  
 
604.9
 
 
 
1,043.9
 
 
 
1,648.8
 
Intangible assets:
 
    
June 30, 2026
 
(in millions of $)
  
Gross carrying
amount
    
Accumulated
amortization
    
Net
 
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  
  
 
 
    
 
 
    
 
 
 
Total
(1)
  
 
1,550.1
 
  
 
(830.4
  
 
719.7
 
 
(1)
Certain intangible assets are denominated in foreign currencies. As such, the change in intangible assets includes a component attributable to foreign currency translation.
 
    
December 31, 2025
 
(in millions of $)
  
Gross carrying
amount
    
Accumulated
amortization
    
Net
 
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  
  
 
 
    
 
 
    
 
 
 
Total
(1)
  
 
1,585.5
 
  
 
(808.2
  
 
777.3
 
 
(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.