v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Changes To Goodwill
Changes to goodwill are as follows:
(in millions) Aerospace & Advanced Technologies Process Flow TechnologiesTotal
Balance as of December 31, 2025$248.6 $435.3 $683.9 
Acquisition (a)(b)
107.3 560.4 667.7 
Currency translation (1.0)(10.4)(11.4)
Balance as of June 30, 2026$354.9 $985.3 $1,340.2 
(a) For the period ended June 30, 2026, adjustments within the Aerospace & Advanced Technologies segment of $107.3 million relate to the acquisition of Druck. See Note 2, “Acquisitions,” in the Notes to the Condensed Consolidated Financial Statements for further information.
(b) For the period ended June 30, 2026, adjustments within the Process Flow Technologies segment of $560.4 million relate to the acquisitions of Panametrics, Reuter-Stokes and Optek. See Note 2, “Acquisitions,” in the Notes to the Condensed Consolidated Financial Statements for further information.
Changes To Intangible Assets
Changes to intangible assets are as follows:
(in millions)Six Months Ended June 30, 2026Year Ended December 31, 2025
Balance at beginning of period, net of accumulated amortization$149.5 $159.9 
Additions (a)
542.2 — 
Amortization expense(32.0)(13.8)
Currency translation and other(7.3)3.4 
Balance at end of period, net of accumulated amortization$652.4 $149.5 
(a) For the period ended June 30, 2026, additions of $542.2 million relate to the acquisitions of Druck, Panametrics, Reuter-Stokes and Optek.
Summary Of Intangible Assets
A summary of intangible assets are as follows:
June 30, 2026December 31, 2025
(dollars in millions)
Weighted Average
Amortization Period of Definite Lived Assets (in years)		Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights12.7$247.3 $53.2 $194.1 $82.0 $44.8 $37.2 
Customer relationships and backlog16.8563.5 106.6 456.9 194.6 83.8 110.8 
Drawings40.011.1 10.9 0.2 11.1 10.9 0.2 
Other25.938.3 37.1 1.2 38.4 37.1 1.3 
Total16.2$860.2 $207.8 $652.4 $326.1 $176.6 $149.5 
Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense
Future amortization expense associated with intangible assets is expected to be:
(in millions)
Remainder of 2026$31.8 
202761.0 
202859.8 
202959.8 
203046.2 
2031 and after371.2