The carrying amounts of the Company’s intangible assets, excluding goodwill, are as follows:


(In millions)	June 30, 2026				December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangibles:
Customer relationships	$	341.8	$	(160.7)	$	309.5	$	(149.7)

Technology	10.8		(8.1)		10.5		(7.8)
Trade names	68.5		(13.8)		58.6		(11.6)
Other	3.1		(2.5)		3.1		(2.5)
Total	$	424.2	$	(185.1)	$	381.7	$	(171.6)
Non-amortizing intangibles:
Trade names	41.9		—		41.6		—
Total intangibles	$	466.1	$	(185.1)	$	423.3	$	(171.6)

Amortization expense related to intangible assets for the second quarters ended June 30, 2026 and June 30, 2025 was $7.0 million and $6.0 million, respectively, and for six months ended June 30, 2026 and June 30, 2025 was $13.3 million and $11.1 million, respectively.

The change in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2026 is as follows:


(In millions)
	Water Systems		Energy Systems		Distribution		Consolidated
Balance as of December 31, 2025	$	277.0	$	70.5	$	50.6	$	398.1
Acquisitions	23.0		—		5.5		28.5
Adjustments to prior year acquisitions	0.2		—		—		0.2
Foreign currency translation	5.4		(0.1)		—		5.3
Balance as of June 30, 2026	$	305.6	$	70.4	$	56.1	$	432.1