v3.26.1
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jul. 03, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Intangible Assets
The following table presents a summary of our intangible assets:
As of
Second Quarter of 2026Year End 2025
GrossGross
CarryingAccumulatedNet CarryingCarryingAccumulatedNet Carrying
(In millions)AmountAmortizationAmountAmountAmortizationAmount
Developed product technology$820.8 $(617.4)$203.4 $804.9 $(592.3)$212.6 
Customer relationships1,156.2 (512.6)643.6 1,199.6 (491.6)708.0 
Trade names and other intellectual properties
35.3 (31.9)3.4 35.1 (31.6)3.5 
$2,012.3 $(1,161.9)$850.4 $2,039.6 $(1,115.5)$924.1 
Schedule of Estimated Future Amortization Expense
The estimated future amortization expense of intangible assets at the end of the second quarter of 2026 was as follows:
(In millions)
2026 (Remaining)$85.5 
2027159.5 
2028145.4 
2029123.7 
203087.8 
Thereafter248.5 
Total$850.4 
Schedule of Changes in Carrying Amount of Goodwill by Operating Segment
The changes in the carrying amount of goodwill by segment for the first two quarters of 2026 were as follows:
AECOField SystemsT&LTotal
(In millions)
Balance as of year end 2025
$2,037.0 $977.2 $2,225.5 $5,239.7 
Additions due to acquisitions207.0 — — 207.0 
Goodwill impairment— — (562.0)(562.0)
Foreign currency translation and other adjustments(10.5)(5.4)(42.2)(58.1)
Balance as of the end of the second quarter of 2026$2,233.5 $971.8 $1,621.3 $4,826.6