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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2025
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | Note 12—Goodwill and Other Intangible Assets ​ The changes in the carrying amount of goodwill by segment were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Harsh |  | ​ | ​ | Interconnect |  | ​ | ​ |
​ | ​ | Environment | ​ | Communications | ​ | and Sensor | ​ | ​ | ​ |
​ | ​ | Solutions | ​ | Solutions | ​ | Systems | ​ | Total |
Goodwill at December 31, 2024 | ​ | $ | 3,180.0 | ​ | $ | 2,951.5 | ​ | $ | 2,104.7 | ​ | $ | 8,236.2 | ​
Acquisition-related | ​ |  | 346.9 | ​ |  | 891.5 | ​ |  | 0.3 | ​ |  | 1,238.7 | ​
Foreign currency translation | ​ |  | 40.2 | ​ |  | 32.2 | ​ |  | 104.0 | ​ |  | 176.4 | ​
Goodwill at June 30, 2025 | ​ | $ | 3,567.1 | ​ | $ | 3,875.2 | ​ | $ | 2,209.0 | ​ | $ | 9,651.3 | ​
​ The increase in goodwill during the first six months of 2025 was primarily driven by goodwill recognized from the 2025 Acquisitions, in particular, the Andrew Business acquisition. ​ ​ Other than goodwill noted above, the Company’s intangible assets as of June 30, 2025 and December 31, 2024 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | June 30, 2025 | ​ | December 31, 2024
​ | Weighted | ​ | Gross |  | ​ |  | Net |  | Gross |  | ​ |  | Net
​ | Average | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ | Life (years) | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amount | ​ | Amortization | ​ | Amount
Customer relationships | 12 | ​ | $ | 1,553.1 | ​ | $ | 580.7 | ​ | $ | 972.4 | ​ | $ | 1,296.4 | ​ | $ | 519.8 | ​ | $ | 776.6
Proprietary technology | 14 | ​ |  | 931.9 | ​ |  | 198.3 | ​ | ​ | 733.6 | ​ |  | 350.3 | ​ |  | 170.9 | ​ | ​ | 179.4
Backlog and other | 1 | ​ |  | 178.8 | ​ |  | 164.5 | ​ | ​ | 14.3 | ​ |  | 154.1 | ​ |  | 154.1 | ​ | ​ | —
Total intangible assets (definite-lived) | 12 | ​ | ​ | 2,663.8 | ​ | ​ | 943.5 | ​ | ​ | 1,720.3 | ​ | ​ | 1,800.8 | ​ | ​ | 844.8 | ​ | ​ | 956.0
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade names (indefinite-lived) | ​ | ​ | ​ | 269.1 | ​ | ​ | ​ | ​ | ​ | 269.1 | ​ | ​ | 269.1 | ​ | ​ | ​ | ​ | ​ | 269.1
Total | ​ | ​ | $ | 2,932.9 | ​ | $ | 943.5 | ​ | $ | 1,989.4 | ​ | $ | 2,069.9 | ​ | $ | 844.8 | ​ | $ | 1,225.1
​ The increase in the gross carrying amount of intangible assets in the first six months of 2025 was primarily driven by certain customer relationships, proprietary technology and acquired backlog recognized as a result of the acquisition accounting associated with the 2025 Acquisitions, in particular, the acquisition of the Andrew Business. Amortization expense for the three months ended June 30, 2025 and 2024 was approximately $39.8 and $40.4, respectively. Amortization expense for the six months ended June 30, 2025 and 2024 was approximately $87.1 and $60.8, respectively. Amortization expense for the six months ended June 30, 2025 includes $10.0 related to the amortization of acquired backlog resulting from the acquisition of the Andrew Business. As of June 30, 2025, amortization expense relating to the Company’s current intangible assets estimated for the remainder of 2025 is approximately $86.7 and for each of the next five fiscal years is approximately $164.1 in 2026, $157.2 in 2027, $150.0 in 2028, $139.1 in 2029 and $136.4 in 2030.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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