Changes in the Company's goodwill during the six months ended July 4, 2026 and June 28, 2025, by segment, are summarized below:


(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
December 31, 2025	$	54.0	$	233.2	$	223.6	$	170.4	$	681.2
Acquisitions	—		—		—		18.6		18.6

Adjustments	—		—		(2.7)		(2.7)		(5.4)
July 4, 2026	$	54.0	$	233.2	$	220.9	$	186.3	$	694.4

December 31, 2024	$	50.8	$	232.6	$	513.4	$	169.3	$	966.1


Adjustments	3.0		0.7		15.8		0.5		20.0
June 28, 2025	$	53.8	$	233.3	$	529.2	$	169.8	$	986.1

Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. The accumulated impairment loss on Navico Group goodwill was $385.8 million as of July 4, 2026 and December 31, 2025, and $80.0 million as of June 28, 2025, respectively.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of July 4, 2026, December 31, 2025, and June 28, 2025, are summarized by intangible asset type below:


	July 4, 2026				December 31, 2025				June 28, 2025
(in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Intangible assets:
Customer relationships	$	909.7	$	(540.4)	$	908.1	$	(518.1)	$	917.3	$	(499.0)
Trade names	295.8		—		295.2		—		305.7		—
Developed technology	167.6		(52.8)		167.4		(47.1)		167.2		(41.3)
Other	147.8		(98.8)		138.0		(88.7)		127.7		(78.2)
Total	$	1,520.9	$	(692.0)	$	1,508.7	$	(653.9)	$	1,517.9	$	(618.5)

Other intangible assets primarily consist of software, patents, and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $19.3 million and $38.8 million for the three and six months ended July 4, 2026, respectively. Aggregate amortization expense for intangibles was $20.1 million and $39.3 million for the three and six months ended June 28, 2025, respectively.

The Company tests its intangible assets for impairment during the fourth quarter of each year, or whenever a change in events and circumstances (triggering event) occurs that indicates the fair value of intangible assets may be below their carrying values. The Company did not record any impairment charges for the six months ended July 4, 2026 or June 28, 2025.