v3.26.1
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 27, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill

Changes in the carrying amount of goodwill, by reporting segment, were as follows (in millions):
December 31, 2025ImpairmentsCurrency translation adjustmentsJune 27, 2026
Self Care
$1,113.9 $— $(13.6)$1,100.3 
Specialty Care
682.8 (77.4)(11.6)593.8 
Infant Formula 66.3 (66.3)— — 
All Other
187.2 (187.2)— — 
Total goodwill$2,050.1 $(330.8)$(25.3)$1,694.1 

Reporting Unit Goodwill

Women’s Health, Infant Formula, and Oral Care Reporting Units

During the three months ended March 28, 2026, we changed our reporting segments to align with organizational structure changes intended to further enhance the execution of our strategic priorities. As a result of the change, we prepared a quantitative goodwill impairment test under the previous and newly established reporting units. We determined the carrying value of the Women’s Health, Infant Formula, and Oral Care reporting units exceeded their respective fair values. We recorded goodwill impairment charges of $77.4 million, $66.3 million, and $187.2 million in Women’s Health, Infant Formula, and Oral Care reporting units, respectively. This resulted in $107.1 million remaining goodwill in the Women’s Health reporting unit as of March 28, 2026, which is reported within the Specialty Care segment. The goodwill related to Infant Formula and Oral Care reporting units are fully impaired, and the respective goodwill balances for these reporting units have been reduced to zero.
Intangible Assets

Intangible assets and related accumulated amortization consisted of the following(1) (in millions):
June 27, 2026December 31, 2025
GrossAccumulated
Amortization		GrossAccumulated
Amortization
Indefinite-lived intangibles:
Trademarks, trade names, and brands$3.5 $— $3.5 $— 
In-process research and development0.1 — 1.1 — 
Total indefinite-lived intangibles$3.5 $— $4.6 $— 
Definite-lived intangibles:
Distribution and license agreements and supply agreements$99.3 $64.1 $109.5 $70.1 
Developed product technology, formulations, and product rights345.4 251.0 351.9 247.9 
Customer relationships and distribution networks1,753.2 1,213.0 1,845.5 1,257.2 
Trademarks, trade names, and brands2,344.6 824.1 2,446.3 826.5 
Non-compete agreements— — 2.1 2.1 
Total definite-lived intangibles$4,542.5 $2,352.3 $4,755.3 $2,403.8 
Total intangible assets$4,546.0 $2,352.3 $4,759.9 $2,403.8 
(1) Certain intangible assets are denominated in currencies other than U.S. dollar; therefore, their gross and net carrying values are subject to foreign currency movements.

We recorded amortization expense of $54.5 million and $109.0 million for the three and six months ended June 27, 2026, respectively, and $56.6 million and $111.4 million for the three and six months ended June 28, 2025, respectively.