XML 73 R36.htm IDEA: XBRL DOCUMENT v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for 2025 and 2024, by reportable business segment, were as follows:

HSTFMTFSDPTotal
Goodwill$1,834.5 $805.7 $398.7 $3,038.9 
Accumulated goodwill impairment losses(149.8)(20.7)(30.1)(200.6)
Balance at January 1, 20241,684.7 785.0 368.6 2,838.3 
Foreign currency translation(43.4)(8.9)(8.1)(60.4)
Acquisitions483.6 — — 483.6 
Measurement period adjustments1.8 — — 1.8 
Divestitures— (11.6)— (11.6)
Balance at December 31, 20242,126.7 764.5 360.5 3,251.7 
Foreign currency translation88.0 16.5 16.3 120.8 
Acquisitions37.0 — — 37.0 
Measurement period adjustments5.0 — — 5.0 
Balance at December 31, 2025$2,256.7 $781.0 $376.8 $3,414.5 
Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at December 31, 2025 and 2024:

 At December 31, 2025At December 31, 2024
 Gross
Carrying
Amount		Accumulated
Amortization		NetGross
Carrying
Amount		Accumulated
Amortization		Net
Amortized intangible assets:
Trade names209.7 (71.4)138.3 201.4 (60.0)141.4 
Customer relationships1,148.4 (380.9)767.5 1,078.8 (278.7)800.1 
Technology(1)
344.3 (102.3)242.0 327.9 (87.1)240.8 
Software 16.0 (7.3)8.7 15.2 (3.6)11.6 
Total amortized intangible assets1,718.4 (561.9)1,156.5 1,623.3 (429.4)1,193.9 
Indefinite-lived intangible assets:
Banjo trade name62.1 — 62.1 62.1 — 62.1 
Akron Brass trade name28.8 — 28.8 28.8 — 28.8 
Total intangible assets$1,809.3 $(561.9)$1,247.4 $1,714.2 $(429.4)$1,284.8 

(1) In the third quarter of 2025, the Company revised its classification of intangible assets to combine patents and unpatented technology into a single category. This change was made to better reflect the integrated nature of the Company’s intellectual property portfolio. The gross carrying amount and accumulated amortization for patents as of December 31, 2024 of $2.5 million and $2.0 million, respectively, have been reclassified to conform to the current period presentation. The change had no impact on total intangible assets or amortization expense.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Based on the intangible asset balances as of December 31, 2025, expected amortization expense for the years 2026 through 2030 is as follows:
Estimated Amortization
2026$133.5 
2027128.7 
2028125.9 
2029115.7 
2030106.5