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GOODWILL AND INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The changes in the carrying amount of goodwill by segment were as follows:
 (dollars in millions)ElectronicsSpecialtiesTotal
Balance at December 31, 2025$1,315.5 $926.4 (1)$2,241.9 
Acquisitions (2)
129.2 163.6 292.8 
Foreign currency translation and other6.5 (3.8)2.7 
Balance at June 30, 2026$1,451.2 $1,086.2 $2,537.4 
(1) Includes accumulated impairment losses of $46.6 million.
(2) The Company completed the Micromax Acquisition and the EFC Acquisition on February 2, 2026 and January 2, 2026, respectively. See Note 2, Acquisitions, to the unaudited Condensed Consolidated Financial Statements for further information.
Intangible Assets, Net
The major components of intangible assets, net were as follows:
 June 30, 2026December 31, 2025
 (dollars in millions)Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value		Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value
Customer relationships$1,091.3 $(494.6)$596.7 $876.8 $(532.9)$343.9 
Developed technology278.7 (160.0)118.7 313.3 (272.2)41.1 
Trade names194.0 (53.1)140.9 163.8 (46.4)117.4 
Reacquired distribution rights187.0 (38.4)148.6 187.0 (32.2)154.8 
Total$1,751.0 $(746.1)$1,004.9 $1,540.9 $(883.7)$657.2 
For the three months ended June 30, 2026 and 2025, the Company recorded amortization expense on intangible assets of $29.5 million and $28.5 million, respectively. For the six months ended June 30, 2026 and 2025, the Company recorded amortization expense on intangible assets of $57.5 million and $55.7 million, respectively.
In the fourth quarter of 2025, a milestone agreed to as part of the Kuprion Acquisition was achieved. As the technology developed met the accounting definition of an asset, the Company capitalized a $6.3 million developed technology intangible asset ($4.9 million milestone payment plus a gross up for deferred taxes of $1.4 million), which is being amortized over 10 years. While the milestone was achieved in the fourth quarter of 2025, the associated payment was made in the first quarter of 2026 and $4.9 million is included in "Acquisitions, net of cash acquired" as a cash outflow from investing activities in the Condensed Consolidated Statements of Cash Flows.