| Goodwill and Intangible Assets (a) Goodwill The carrying amounts of goodwill as of June 28, 2026 and December 28, 2025 by reportable segment are as follows (in millions): | | | | | | | | | | | | | | | | | | | As of June 28, 2026 | | KGS | | US | | Total | | Gross value | $ | 985.9 | | | $ | 138.6 | | | $ | 1,124.5 | | | Less accumulated impairment | 239.5 | | | 13.8 | | | 253.3 | | | Net | $ | 746.4 | | | $ | 124.8 | | | $ | 871.2 | | | | | | | |
| | | | | | | | | | | | | | | | | | | As of December 28, 2025 | | KGS | | US | | Total | | Gross value | $ | 710.4 | | | $ | 138.6 | | | 849.0 | | | Less accumulated impairment | 239.5 | | | 13.8 | | | 253.3 | | | Net | $ | 470.9 | | | $ | 124.8 | | | $ | 595.7 | | | | | | | |
The following table is a summary of preliminary goodwill (in millions):
| | | | | | | | | | | | | | | | | | | KGS | | US | | Total | Beginning balance as of December 28, 2025 | $ | 470.9 | | | $ | 124.8 | | | $ | 595.7 | | | Acquisition of Orbit Technologies, Ltd. | 187.5 | | — | | | 187.5 | | | Acquisition of Nomad Global Communication Solutions, Incorporated. | 88.0 | | — | | | 88.0 | | Ending balance as of June 28, 2026 | $ | 746.4 | | | $ | 124.8 | | | $ | 871.2 | |
(b) Purchased Intangible Assets The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 28, 2026 | | As of December 28, 2025 | | Gross
Value | | Accumulated
Amortization | | Net
Value | | Gross
Value | | Accumulated
Amortization | | Net
Value | | Acquired finite-lived intangible assets: | | | | | | | | | | | | | Customer relationships | $ | 157.4 | | | $ | (73.0) | | | $ | 84.4 | | | $ | 86.7 | | | $ | (68.2) | | | $ | 18.5 | | | Contracts and backlog | 76.0 | | | (53.3) | | | 22.7 | | | 54.5 | | | (47.7) | | | 6.8 | | Non-compete Agreements | 0.5 | | | (0.1) | | | 0.4 | | | 0.5 | | | (0.1) | | | 0.4 | | | Developed technology and technical know-how | 66.0 | | | (33.0) | | | 33.0 | | | 35.1 | | | (30.8) | | | 4.3 | | | Trade names | 64.1 | | | (6.6) | | | 57.5 | | | 4.4 | | | (3.5) | | | 0.9 | | | In-process research and development | 16.8 | | | (0.9) | | | 15.9 | | | 16.8 | | | (0.7) | | | 16.1 | | | | | | | | | | | | | | | Total finite-lived intangible assets | 380.8 | | | (166.9) | | | 213.9 | | | 198.0 | | | (151.0) | | | 47.0 | | | Indefinite-lived trade names | 6.9 | | | — | | | 6.9 | | | 6.9 | | | — | | | 6.9 | | | Total intangible assets | $ | 387.7 | | | $ | (166.9) | | | $ | 220.8 | | | $ | 204.9 | | | $ | (151.0) | | | $ | 53.9 | |
Consolidated amortization expense related to intangible assets subject to amortization was $10.1 million and $2.8 million for the three months ended June 28, 2026 and June 29, 2025, respectively, and $15.9 million and $4.9 million for the six months ended June 28, 2026 and June 29, 2025, respectively. The estimated future amortization expense of acquired intangible assets with finite lives for the remainder of 2026 and the next five fiscal years, and thereafter as of June 28, 2026 is as follows (in millions): | | | | | | | Amount | 2026 | $ | 21.3 | | 2027 | 40.2 | | 2028 | 29.2 | | 2029 | 27.5 | | 2030 | 27.0 | | 2031 | 25.2 | | Thereafter | 43.5 | | Total | $ | 213.9 | |
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