| GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of goodwill during the six months ended June 30, 2026 are summarized as follows (in millions):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | North America | | Latin America | | Europe/Middle East | | Asia/Pacific/Africa | | Consolidated | | Balance as of December 31, 2025 | $ | 744.3 | | | $ | 102.5 | | | $ | 1,031.6 | | | $ | 20.4 | | | $ | 1,898.8 | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | (1.2) | | | 4.1 | | | (18.5) | | | — | | | (15.6) | | | Balance as of June 30, 2026 | $ | 743.1 | | | $ | 106.6 | | | $ | 1,013.1 | | | $ | 20.4 | | | $ | 1,883.2 | |
Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of October 1st each year.
Changes in the carrying amount of acquired intangible assets during the six months ended June 30, 2026 are summarized as follows (in millions):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross carrying amounts: | Trademarks and Trade Names | | Customer Relationships | | Patents and Technology | | Other | | Total | | Balance as of December 31, 2025 | $ | 75.6 | | | $ | 191.2 | | | $ | 621.0 | | | $ | 51.2 | | | $ | 939.0 | | | Acquisition | — | | | — | | | 8.8 | | | — | | | 8.8 | | | | | | | | | | | | | Foreign currency translation | (0.3) | | | (1.5) | | | (4.3) | | | 0.2 | | | (5.9) | | | Balance as of June 30, 2026 | $ | 75.3 | | | $ | 189.7 | | | $ | 625.5 | | | $ | 51.4 | | | $ | 941.9 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated amortization: | Trademarks and Trade Names | | Customer Relationships | | Patents and Technology | | Other | | Total | | Balance as of December 31, 2025 | $ | 50.5 | | | $ | 126.9 | | | $ | 156.2 | | | $ | 20.2 | | | $ | 353.8 | | | Amortization expense | 2.1 | | | 3.5 | | | 25.8 | | | 2.6 | | | 34.0 | | | | | | | | | | | | | Foreign currency translation | (0.2) | | | (1.0) | | | (2.5) | | | 0.1 | | | (3.6) | | | Balance as of June 30, 2026 | $ | 52.4 | | | $ | 129.4 | | | $ | 179.5 | | | $ | 22.9 | | | $ | 384.2 | |
| | | | | | | Indefinite-lived intangible assets: | Trademarks and Trade Names | | | | Balance as of December 31, 2025 | $ | 87.8 | | | Foreign currency translation | (0.9) | | | Balance as of June 30, 2026 | $ | 86.9 | |
The Company amortizes certain acquired identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from three to 50 years.
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