v3.26.3
Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill and other intangible assets, net of accumulated amortization, as of September 30, 2026 and December 31, 2025 were as follows (in millions):
September 30, 2026December 31, 2025
Goodwill$348.7 $348.8 
Other intangible assets, net436.9 451.2 
Total goodwill and other intangible assets, net$785.6 $800.0 
The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2026 and 2025 were as follows (in millions):
Polaris PowersportsMarineAixam & GoupilTotal
Balance as of December 31, 2025$118.2 $230.6 $— $348.8 
Currency translation effect on foreign goodwill balances(0.1)— — (0.1)
Balance as of September 30, 2026$118.1 $230.6 $— $348.7 

Off RoadMarineOn RoadTotal
Balance as of December 31, 2024$116.2 $230.6 $46.7 $393.5 
Goodwill impairment— — (52.6)(52.6)
Currency translation effect on foreign goodwill balances1.8 — 5.9 7.7 
Balance as of September 30, 2025$118.0 $230.6 $— $348.6 

Following the Company’s segment reorganization in the first quarter of 2026, goodwill balances in the former Off Road reportable segment were fully allocated to reporting units in the Company’s Polaris Powersports reportable segment. Goodwill balances in the Marine reportable segment were unaffected by the segment reorganization. The Company assessed goodwill for impairment immediately before and immediately after the reorganization and concluded that goodwill was not impaired. Prior period goodwill balances were not recast to conform to the current-year reportable segment structure. In the second quarter of 2025, the Company recorded an impairment charge of $52.6 million related to goodwill associated with the former On Road segment.
The components of other intangible assets were as follows (in millions):
September 30, 2026December 31, 2025
Weighted-average useful life (years)CostAccumulated amortizationNetCostAccumulated amortizationNet
Amortizable - dealer/customer related and other19$342.5 $(146.3)$196.2 $342.5 $(132.6)$209.9 
Non-amortizable - brand/trade names240.7 — 240.7 241.3 — 241.3 
Total other intangible assets, net$583.2 $(146.3)$436.9 $583.8 $(132.6)$451.2 
Amortization expense for other intangible assets was $4.6 million and $5.9 million for the three months ended September 30, 2026 and 2025, respectively, and $13.8 million and $17.9 million for the nine months ended September 30, 2026 and 2025, respectively. Estimated future amortization expense for identifiable other intangible assets during the next five years is as follows (in millions):
Remainder 202620272028202920302031
Estimated amortization expense$4.6 $18.3 $17.7 $17.7 $17.7 $17.7 
The preceding expected amortization expense is an estimate and actual amounts could differ due to additional other intangible asset acquisitions, changes in foreign currency rates, or impairments of other intangible assets.