8. Goodwill and Intangible Assets
Goodwill
Goodwill balances, by segment,
consist of the following:
| | |
Aerospace
& Defense | | |
Industrial | | |
Total | |
| March 28, 2026 | |
$ | 327.1 | | |
$ | 1,676.3 | | |
$ | 2,003.4 | |
| Currency translation adjustments | |
| — | | |
| (0.9 | ) | |
| (0.9 | ) |
| June 27, 2026 | |
$ | 327.1 | | |
$ | 1,675.4 | | |
$ | 2,002.5 | |
Intangible Assets
| | | Weighted | | June 27, 2026 | | | March 28, 2026 | | | | | Average Useful Lives (Years) | | Gross Carrying Amount | | | Accumulated Amortization | | | Gross Carrying Amount | | | Accumulated Amortization | | | Product approvals | | 24 | | $ | 50.7 | | | $ | 24.5 | | | $ | 50.7 | | | $ | 24.1 | | | Customer relationships and lists | | 24 | | | 1,378.7 | | | | 287.3 | | | | 1,378.9 | | | | 272.8 | | | Trade names | | 24 | | | 224.7 | | | | 52.1 | | | | 224.7 | | | | 50.0 | | | Patents and trademarks | | 15 | | | 10.3 | | | | 7.0 | | | | 10.3 | | | | 6.9 | | | Domain names | | 10 | | | 0.4 | | | | 0.4 | | | | 0.4 | | | | 0.4 | | | Internal-use software | | 3 | | | 29.0 | | | | 16.4 | | | | 25.3 | | | | 12.8 | | | Other | | 4 | | | 38.4 | | | | 10.1 | | | | 38.3 | | | | 7.7 | | | | | | | | 1,732.2 | | | | 397.8 | | | | 1,728.6 | | | | 374.7 | | | Non-amortizable repair station certifications | | n/a | | | 24.3 | | | | — | | | | 24.3 | | | | — | | | Total | | 23 | | $ | 1,756.5 | | | $ | 397.8 | | | $ | 1,752.9 | | | $ | 374.7 | |
Amortization expense for
definite-lived intangible assets during the three-month periods ended June 27, 2026 and June 28, 2025 was $21.0 and $17.9, respectively.
These amounts are included in other, net on the Company’s consolidated statements of operations. Estimated amortization expense
for the remainder of fiscal 2027 and for the five succeeding fiscal years and thereafter is as follows:
| Remainder of Fiscal 2027 | |
$ | 62.6 | |
| Fiscal 2028 | |
| 81.3 | |
| Fiscal 2029 | |
| 78.8 | |
| Fiscal 2030 | |
| 73.0 | |
| Fiscal 2031 | |
| 69.3 | |
| Fiscal 2032 | |
| 69.3 | |
| Fiscal 2033 and thereafter | |
| 900.1 | |
|