v3.26.1
Other Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Other Intangible Assets

NOTE 5 – OTHER INTANGIBLE ASSETS

The following table analyzes other intangible assets movements in the year:

 

(in millions)

 

2026

 

Gross cost at January 1

 

$

373.3

 

Additions

 

 

5.0

 

Exchange effect

 

 

(3.6

)

Gross cost at June 30

 

 

374.7

 

Accumulated amortization at January 1

 

 

(305.6

)

Amortization expense

 

 

(5.4

)

Exchange effect

 

 

1.6

 

Accumulated amortization at June 30

 

 

(309.4

)

Net book amount at June 30

 

$

65.3

 

 

The amortization expense for the six months ended June 30, 2026 was $5.4 million (six months ended June 30, 2025 – $5.9 million).

 

In 2026, we have capitalized $5.0 million in relation to the development of our internal-use software for a new Enterprise Resource Planning (“ERP”) system across all our regions. The project is now complete. The expenses capitalized include the acquisition costs for the software as well as the external consultancy costs and the internal employee costs relating to software development.