v3.26.1
Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets
Note 6: Goodwill and Other Intangible Assets
The following table summarizes the changes in the carrying amount of goodwill by reportable segment (in millions):
AmericasEMEAAPACTotal
Balance as of December 31, 2025$1,471.8 $349.7 $236.8 $2,058.3 
Effect of movements in exchange rates(1.9)(7.1)8.7 (0.3)
Balance as of June 30, 2026$1,469.9 $342.6 $245.5 $2,058.0 
Portions of goodwill are denominated in currencies other than the U.S. dollar; therefore, a portion of the movements in the reported book value of these balances is attributable to movements in foreign currency exchange rates.
No impairments of goodwill were recognized during the six months ended June 30, 2026 or 2025.
The following tables summarize the carrying amounts and accumulated amortization of intangible assets (in millions):
As of June 30, 2026
Useful Life
(in years)
Gross ValueAccumulated AmortizationNet Value
C&W trade nameIndefinite$546.0 $— $546.0 
Customer relationships
4 - 15
1,110.5 (1,021.0)89.5 
Total intangible assets$1,656.5 $(1,021.0)$635.5 
As of December 31, 2025
Useful Life
(in years)
Gross ValueAccumulated AmortizationNet Value
C&W trade nameIndefinite$546.0 $— $546.0 
Customer relationships
4 - 15
1,113.0 (1,004.3)108.7 
Total intangible assets$1,659.0 $(1,004.3)$654.7 
Amortization expense was $9.6 million and $10.0 million for the three months ended June 30, 2026 and 2025, respectively, and $19.4 million and $19.9 million for the six months ended June 30, 2026 and 2025, respectively.
No impairments of intangible assets were recorded during the six months ended June 30, 2026 or 2025.