Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2026

Goodwill and Other Intangible Assets

Note 12—Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill by segment were as follows:


				Harsh			Interconnect
		Communications		Environment			and Sensor
		Solutions		Solutions			Systems			Total
Goodwill at December 31, 2025		$	3,858.6	$	4,270.2		$	2,446.6		$	10,575.4
Acquisition-related			6,982.2		(9.1)			34.6			7,007.7
Foreign currency translation			1.3		(5.5)			(24.2)			(28.4)
Goodwill at June 30, 2026		$	10,842.1	$	4,255.6		$	2,457.0		$	17,554.7

The increase in goodwill during the first six months of 2026 was driven by goodwill recognized from the CommScope acquisition.

Other than goodwill noted above, the Company’s intangible assets as of June 30, 2026 and December 31, 2025 were as follows:


	June 30, 2026										December 31, 2025
	Weighted	Gross						Net			Gross						Net
	Average	Carrying			Accumulated			Carrying			Carrying			Accumulated			Carrying
	Life (years)	Amount			Amortization			Amount			Amount			Amortization			Amount
Customer relationships	14	$	3,113.0		$	730.8		$	2,382.2		$	1,841.2		$	635.1		$	1,206.1
Proprietary technology	14		2,412.5			315.9			2,096.6			963.9			230.2			733.7
Trade names (1)	23		556.3			15.4			540.9			11.3			2.2			9.1
Backlog and other (1)	1		252.0			251.9			0.1			205.1			181.7			23.4
Total intangible assets (definite-lived)	14		6,333.8			1,314.0			5,019.8			3,021.5			1,049.2			1,972.3

Trade names (indefinite-lived)			269.1						269.1			269.1						269.1
Total		$	6,602.9		$	1,314.0		$	5,288.9		$	3,290.6		$	1,049.2		$	2,241.4

(1) Certain prior period amounts have been reclassified to conform to the current period presentation.

The increase in the gross carrying amount of intangible assets in the first six months of 2026 was driven by certain customer relationships, proprietary technology, trade names and acquired backlog recognized as a result of the 2026 Acquisitions, primarily the CommScope acquisition. Amortization expense for the three months ended June 30, 2026 and 2025 was approximately $121.6 and $39.8, respectively. Amortization expense for the three months ended June 30, 2026 includes $23.5 related to the amortization of acquired backlog resulting from the CommScope acquisition. Amortization expense for the six months ended June 30, 2026 and 2025 was approximately $267.2 and $87.1, respectively. Amortization for the six months ended June 30, 2026 includes $70.4 related to the amortization of acquired backlog resulting from the CommScope and Trexon acquisitions. Amortization expense for the six months ended June 30, 2025 includes $10.0 related to the amortization of acquired backlog resulting from the Andrew acquisition. Amortization expense relating to the Company’s current intangible assets as of June 30, 2026 estimated for the remainder of 2026 is approximately $197.5, and for each of the next five fiscal years is approximately $388.7 in 2027, $381.5 in 2028, $370.6 in 2029, $367.9 in 2030 and $361.4 in 2031.