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Intangible Assets, Net

3 Months Ended

Mar. 31, 2025

Intangible Assets, Net

Intangible Assets, Net

Note 6. Intangible Assets, Net

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Intangible assets, net consisted of the following:

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March 31, 2025

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December 31, 2024

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Weighted Average

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Gross

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Gross

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Amortizable

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Carrying

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Accumulated

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Carrying

​

Accumulated

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Life in Years

Amount

Amortization

Amount

Amortization

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​

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(in millions)

Intangible assets subject to amortization:

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Customer lists/relationships

13.9

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$

753.6

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$

(569.4)

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$

753.4

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$

(559.6)

Backlog of orders

7.9

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20.9

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(8.8)

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21.0

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(8.2)

Other

9.3

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10.1

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(9.6)

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10.2

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(9.6)

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784.6

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(587.8)

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784.6

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(577.4)

Intangible assets not subject to amortization:

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Trade names

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800.2

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—

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800.0

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—

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$

1,584.8

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$

(587.8)

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$

1,584.6

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$

(577.4)

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Changes in the carrying amount of intangible assets, net are as follows:

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​	​	​	​	​	​	​	​	​
​	​	​		​	​		(in millions)
Balance as of January 1, 2025	​	​	​	​	​	​	$	1,007.2
Amortization expense	​	​	​	​	​	​	​	(10.4)
Effect of foreign currency translation	​	​	​	​	​	​	​	0.2
Balance as of March 31, 2025	​	​	​	​	​	​	$	997.0

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The following is a summary of estimated future amortization expense:

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​	​	​	​	​	​
​	​	​		(in millions)
2025 (remaining nine months)	​	​	​	$	28.7
2026	​	​	​	​	29.5
2027	​	​	​	​	28.9
2028	​	​	​	​	27.4
2029	​	​	​	​	25.3
Thereafter	​	​	​	​	57.0
​	​	​	​	$	196.8

​

X

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/985-20/tableOfContent

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X

- References

No definition available.

+ Details

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