XML 26 R15.htm IDEA: XBRL DOCUMENT v3.25.1

Goodwill and Intangible Assets

3 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

As described in Note 12, the Company realigned its segments in the fourth quarter of 2024. The Company combined its previous segments, Advanced Materials Handling and Microcontamination Control, into the new Advanced Purity Solutions (“APS”) segment. All prior periods have been recast to reflect the change.

Goodwill activity for each of the Company’s reportable segments, MS and APS, was as follows at March 29, 2025 and December 31, 2024:

(In millions)			MS						APS						Total
December 31, 2024			$	3,631.3					$	312.3					$	3,943.6
Foreign currency translation			—						0.3						0.3
March 29, 2025			$	3,631.3					$	312.6					$	3,943.9

Identifiable intangible assets at March 29, 2025 and December 31, 2024 consisted of the following:

			March 29, 2025
(In millions)			Gross carrying amount						Accumulated amortization						Net carrying value
Developed technology			$	1,256.8					$	638.1					$	618.7
Trademarks and trade names			172.0						51.5						120.5
Customer relationships			630.5						333.4						297.1
In-process research and development (1)			6.6						—						6.6
Other			25.5						23.1						2.4
			$	2,091.4					$	1,046.1					$	1,045.3

			December 31, 2024
(In millions)			Gross carrying amount						Accumulated amortization						Net carrying value
Developed technology			$	1,256.7					$	601.7					$	655.0
Trademarks and trade names			172.0						48.8						123.2
Customer relationships			630.5						326.5						304.0
In-process research and development (1)			6.6						—						6.6
Other			25.5						22.6						2.9
			$	2,091.3					$	999.6					$	1,091.7

(1) Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived until the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we move the asset to developed technology, determine the useful life and begin amortizing the assets.

Future amortization expense relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated to be the following at March 29, 2025:

(In millions)			Remaining 2025						2026						2027						2028						2029						Thereafter						Total
Future amortization expense			$	139.2					$	182.5					$	178.9					$	176.4					$	110.7					$	257.6					$	1,045.3

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration