v3.26.1
GOODWILL (Notes)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Asset and Goodwill
The following table sets forth the changes in the carrying value of goodwill by reportable segment, which correspond to our reporting units, for the period presented:
EES
CSSUBSTotal
(In millions)
Beginning balance, January 1, 2026
$843.8 $1,354.1 $1,145.5 $3,343.4 
Foreign currency exchange rate changes(18.0)(2.9)(8.5)(29.4)
Ending balance, June 30, 2026
$825.8 $1,351.2 $1,137.0 $3,314.0 

The components of intangible assets are as follows:
As of
June 30, 2026December 31, 2025
Life (in years)
Gross Carrying Amount(1)
Accumulated Amortization(1)
Net Carrying Amount
Gross Carrying Amount(1)
Accumulated Amortization(1)
Net Carrying Amount
Intangible assets:(In millions)
TrademarksIndefinite$790.3 $— $790.3 $791.6 $— $791.6 
Customer relationships
9 - 20
1,476.5 (566.0)910.5 1,523.6 (570.2)953.4 
Distribution agreements
8
10.6 (2.0)8.6 10.7 (1.3)9.4 
Trademarks
12
7.8 (7.2)0.6 15.5 (14.0)1.5 
Software
7
16.0 (4.6)11.4 16.0 (3.4)12.6 
Technology know-how
5
0.9 (0.3)0.6 0.9 (0.2)0.7 
$2,302.1 $(580.1)$1,722.0 $2,358.3 $(589.1)$1,769.2 
(1)    Excludes the original cost and related accumulated amortization of fully-amortized intangible assets.
Amortization expense related to intangible assets totaled $21.0 million and $22.3 million for the three months ended June 30, 2026 and 2025, respectively, and $42.8 million and $44.5 million for the six months ended June 30, 2026 and 2025, respectively.
The following table sets forth the remaining estimated amortization expense for intangible assets for the next five years and thereafter:
For the year ending December 31,(In millions)
Remaining 2026$42.0 
202783.0 
202881.4 
202980.3 
203074.2 
Thereafter570.8 
Total
$931.7