
	HST		FMT		FSDP		IDEX
Goodwill	$	2,406.5	$	801.7	$	406.9	$	3,615.1
Accumulated goodwill impairment losses	(149.8)		(20.7)		(30.1)		(200.6)
Balance at January 1, 2026	2,256.7		781.0		376.8		3,414.5
Foreign currency translation	(24.1)		(4.3)		(4.1)		(32.5)

Measurement period adjustments	0.6		—		—		0.6
Balance at June 30, 2026	$	2,233.2	$	776.7	$	372.7	$	3,382.6

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at June 30, 2026 and December 31, 2025:


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets:
Trade names(1)	$	194.4	$	(66.5)	$	127.9	$	209.7	$	(71.4)	$	138.3
Customer relationships(1)	1,129.3		(416.0)		713.3		1,148.4		(380.9)		767.5
Technology	338.3		(113.0)		225.3		344.3		(102.3)		242.0
Software	15.9		(8.8)		7.1		16.0		(7.3)		8.7
Total amortized intangible assets	1,677.9		(604.3)		1,073.6		1,718.4		(561.9)		1,156.5
Indefinite-lived intangible assets:
Banjo trade name	62.1		—		62.1		62.1		—		62.1
Akron Brass trade name	28.8		—		28.8		28.8		—		28.8
Total intangible assets	$	1,768.8	$	(604.3)	$	1,164.5	$	1,809.3	$	(561.9)	$	1,247.4

(1) During the first six months of 2026, the Company recognized impairment charges of $1.1 million and $3.2 million related to trade names and customer relationships, respectively, in the Company’s FMT segment. The impairment charges are reflected in Restructuring expenses and asset impairments in the Condensed Consolidated Statements of Income for the six months ended June 30, 2026.

There have been no events or circumstances since the last annual goodwill and indefinite-lived intangible asset impairment assessment date, October 31, 2025, that would have required an interim impairment test.

Amortization of intangible assets was $33.2 million and $67.0 million for the three and six months ended June 30, 2026, respectively, and $32.0 million and $63.5 million for the three and six months ended June 30, 2025, respectively. Based on the intangible asset balances as of June 30, 2026, expected amortization expense for the remaining six months of 2026 and for the years 2027 through 2030 is as follows: