v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Asset, Finite-Lived
The carrying amounts of the Company’s intangible assets, excluding goodwill, are as follows:
(In millions)June 30, 2026December 31, 2025
 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Amortizing intangibles:    
Customer relationships$341.8 $(160.7)$309.5 $(149.7)
Technology10.8 (8.1)10.5 (7.8)
Trade names68.5 (13.8)58.6 (11.6)
Other3.1 (2.5)3.1 (2.5)
Total$424.2 $(185.1)$381.7 $(171.6)
Non-amortizing intangibles:    
Trade names41.9 — 41.6 — 
Total intangibles$466.1 $(185.1)$423.3 $(171.6)
Intangible Asset, Indefinite-Lived
The carrying amounts of the Company’s intangible assets, excluding goodwill, are as follows:
(In millions)June 30, 2026December 31, 2025
 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Amortizing intangibles:    
Customer relationships$341.8 $(160.7)$309.5 $(149.7)
Technology10.8 (8.1)10.5 (7.8)
Trade names68.5 (13.8)58.6 (11.6)
Other3.1 (2.5)3.1 (2.5)
Total$424.2 $(185.1)$381.7 $(171.6)
Non-amortizing intangibles:    
Trade names41.9 — 41.6 — 
Total intangibles$466.1 $(185.1)$423.3 $(171.6)
Schedule of Change in the Carrying Amount of Goodwill by Reporting Segment
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 SystemsEnergy SystemsDistributionConsolidated
Balance as of December 31, 2025$277.0 $70.5 $50.6 $398.1 
Acquisitions23.0 — 5.5 28.5 
Adjustments to prior year acquisitions0.2 — — 0.2 
Foreign currency translation5.4 (0.1)— 5.3 
Balance as of June 30, 2026$305.6 $70.4 $56.1 $432.1