
	July 4, 2026		January 3, 2026
Goodwill, net	$	833.3	$	958.0
Definite-lived intangible assets, net	626.3		425.5
Indefinite-lived intangible assets	333.0		319.1
Total goodwill and other intangible assets, net	$	1,792.6	$	1,702.6


	Workplace Furnishings		Residential Building Products		Total
Balance as of January 3, 2026
Goodwill	$	800.3	$	222.4	$	1,022.7
Accumulated impairment losses	(64.6)		(0.1)		(64.7)
Net goodwill balance as of January 3, 2026	735.7		222.3		958.0

Goodwill measurement period adjustments	(124.7)		—		(124.7)





Balance as of July 4, 2026
Goodwill	675.6		222.4		898.0
Accumulated impairment losses	(64.6)		(0.1)		(64.7)
Net goodwill balance as of July 4, 2026	$	611.0	$	222.3	$	833.3

Goodwill measurement period adjustments in the current year relate to the acquisition of Steelcase in the fourth quarter of 2025. Goodwill related to the acquisition of Steelcase may change materially during 2026 while the measurement period is open. See "Note 3. Acquisitions and Divestitures" for further information.

The table below summarizes amortizable definite-lived intangible assets, which are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets:


	July 4, 2026						January 3, 2026
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

Software	$	360.3	$	256.0	$	104.4	$	275.1	$	244.7	$	30.4
Trademarks and trade names	48.9		9.8		39.1		15.6		9.5		6.2
Customer lists and other	590.7		107.9		482.9		454.2		65.3		388.9
Total definite-lived intangible assets	$	1,000.0	$	373.7	$	626.3	$	745.0	$	319.5	$	425.5

Amortization expense is reflected in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income and was as follows:


	Three Months Ended				Six Months Ended
	July 4, 2026		June 28, 2025		July 4, 2026		June 28, 2025
Capitalized software	$	7.3	$	4.7	$	17.7	$	9.4
Other definite-lived intangibles	$	20.5	$	2.6	$	46.3	$	5.2

Amortization expense in the current-year period was impacted by adjustments to intangible asset values based on the preliminary valuation of definite-lived intangibles acquired with Steelcase.

The occurrence of events such as acquisitions, dispositions, or impairments may impact future amortization expense. Amortization based on the preliminary valuation of definite-lived intangibles acquired with Steelcase is included in the projection below. A decline in the next several years will be primarily attributable to the completion of the amortization related to identified intangibles with respect to backlog from the Steelcase acquisition and the completion of the Corporation’s Business Systems Transformation investment. Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for the remainder of 2026 and each of the following four years is as follows:

The Corporation also owns certain intangible assets, which are deemed to have indefinite useful lives because they are expected to generate cash flows indefinitely. Indefinite-lived trade names acquired with Steelcase are preliminary and may change materially during 2026. These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets:

The increase in the current-year period was due to an adjustment in the value of the indefinite-lived trade name based on the preliminary valuation of Steelcase and is subject to change with the finalization of the valuation analysis.