XML 43 R27.htm IDEA: XBRL DOCUMENT v3.24.1.u1
GOODWILL (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill [Line Items]  
Schedule of Goodwill [Table Text Block]
 Three Months Ended
March 31, 2024
EES
CSSUBSTotal
(In millions)
Beginning balance, January 1$838.1 $1,211.6 $1,212.6 $3,262.3 
Foreign currency exchange rate changes(12.2)(3.8)(5.7)(21.7)
Reclassified as assets held for sale(1)
— — (58.1)(58.1)
Ending balance, March 31$825.9 $1,207.8 $1,148.8 $3,182.5 
(1)    Represents the amount of goodwill that is classified as held for sale related to the sale of the WIS business, as disclosed in Note 5, “Assets and Liabilities Held for Sale”.
Schedule of Finite-Lived Intangible Assets
The components of intangible assets are as follows:
As of
March 31, 2024December 31, 2023
Life (in years)
Gross Carrying Amount (1)
Accumulated Amortization (1)
Net Carrying Amount
Gross Carrying Amount (1)
Accumulated Amortization (1)
Net Carrying Amount
Intangible assets:(In millions)
TrademarksIndefinite$792.1 $— $792.1 $793.0 $— $793.0 
Customer relationships
10 - 20
1,511.3 (480.5)1,030.8 1,519.9 (464.4)1,055.5 
Distribution agreements
15 and 19
29.2 (26.5)2.7 29.2 (26.0)3.2 
Trademarks
5 and 12
15.5 (10.1)5.4 15.5 (9.6)5.9 
$2,348.1 $(517.1)$1,831.0 $2,357.6 $(500.0)$1,857.6 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table sets forth the remaining estimated amortization expense for intangible assets for the next five years and thereafter:
For the year ending December 31,(In millions)
2024$64.0 
202582.8 
202677.5 
202774.6 
202872.9 
Thereafter667.1 
Total
$1,038.9