v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the six months ended June 30, 2026, by reportable business segment, were as follows:
HSTFMTFSDPIDEX
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 adjustments0.6 — — 0.6 
Balance at June 30, 2026$2,233.2 $776.7 $372.7 $3,382.6 
Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset
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, 2026December 31, 2025
 Gross
Carrying
Amount		Accumulated
Amortization		NetGross
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 
Technology338.3 (113.0)225.3 344.3 (102.3)242.0 
Software15.9 (8.8)7.1 16.0 (7.3)8.7 
Total amortized intangible assets1,677.9 (604.3)1,073.6 1,718.4 (561.9)1,156.5 
Indefinite-lived intangible assets:
Banjo trade name62.1 — 62.1 62.1 — 62.1 
Akron Brass trade name28.8 — 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.
Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense 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:
Estimated Amortization
Remainder of 2026$64.8 
2027126.4 
2028123.6 
2029113.6 
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