v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill

The following table sets forth the changes in the carrying amount of goodwill (in millions):

 

 

Total

 

Balance at December 31, 2025

 

$

1,547.7

 

Current period additions

 

 

36.4

 

Current period impairments

 

 

(134.9

)

Current period adjustments

 

 

(1.0

)

Foreign currency effect

 

 

(18.4

)

Balance at June 30, 2026

 

$

1,429.8

 
Summary of intangible assets

The following is a summary of intangible assets (in millions):

 

June 30, 2026

 

 

December 31, 2025

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Existing technology and related patents

 

$

814.0

 

 

$

(386.9

)

 

$

427.1

 

 

$

787.3

 

 

$

(358.2

)

 

$

429.1

 

Customer relationships

 

 

590.6

 

 

 

(188.4

)

 

 

402.2

 

 

 

594.6

 

 

 

(169.1

)

 

 

425.5

 

Trade names

 

 

68.4

 

 

 

(31.9

)

 

 

36.5

 

 

 

67.9

 

 

 

(27.4

)

 

 

40.5

 

Other

 

 

17.9

 

 

 

(15.9

)

 

 

2.0

 

 

 

18.1

 

 

 

(13.6

)

 

 

4.5

 

Intangible assets

 

$

1,490.9

 

 

$

(623.1

)

 

$

867.8

 

 

$

1,467.9

 

 

$

(568.3

)

 

$

899.6