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Goodwill and Intangible Assets

9 Months Ended

Dec. 28, 2024

Goodwill and Intangible Assets [Abstract]

8. Goodwill and Intangible Assets

Goodwill

Goodwill balances, by segment, consist of the following:

	Aerospace /Defense		Industrial			Total
March 30, 2024	$	199.2	$	1,675.7		$	1,874.9
Currency translation adjustments		—		(3.3	)		(3.3	)
December 28, 2024	$	199.2	$	1,672.4		$	1,871.6

Intangible Assets

			December 28, 2024				March 30, 2024
	Weighted Average Useful Lives (Years)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Product approvals		24	$	50.7	$	21.7	$	50.7	$	20.3
Customer relationships and lists		24		1,300.7		201.4		1,300.7		160.7
Trade names		25		217.2		39.5		217.2		32.5
Patents and trademarks		15		10.9		6.9		10.8		6.5
Domain names		10		0.4		0.4		0.4		0.4
Internal-use software		3		19.7		12.7		16.7		8.8
Other		5		1.6		1.3		1.6		1.3
				1,601.2		283.9		1,598.1		230.5
Non-amortizable repair station certifications		n/a		24.3		—		24.3		—
Total		24	$	1,625.5	$	283.9	$	1,622.4	$	230.5

Amortization expense for definite-lived intangible assets during the three-month periods ended December 28, 2024 and December 30, 2023 was $17.9 and $17.7, respectively. Amortization expense for definite-lived intangible assets during the nine-month periods ended December 28, 2024 and December 30, 2023 was $53.6 and $52.8, respectively. These amounts were included in other, net on the Company’s consolidated statements of operations. Estimated amortization expense for the remainder of fiscal 2025 and for the five succeeding fiscal years and thereafter is as follows:

Remainder of Fiscal 2025	$	18.1
Fiscal 2026		70.4
Fiscal 2027		64.8
Fiscal 2028		64.7
Fiscal 2029		64.7
Fiscal 2030		64.6
Fiscal 2031 and thereafter		970.0