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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table sets forth the changes in the carrying value of goodwill by reportable segment for the periods presented:
| EES |  | CSS |  | UBS |  | Total
(In millions) |  |  |  |  |  |  |
Balance as of December 31, 2022 | $ | 825.5 |  |  | $ | 1,208.9 |  |  | $ | 1,206.5 |  |  | $ | 3,240.9 |
Adjustments to goodwill for acquisitions | — |  |  | 0.9 |  |  | — |  |  | 0.9 |
Foreign currency exchange rate changes | 12.6 |  |  | 1.8 |  |  | 6.1 |  |  | 20.5 |
Balance as of December 31, 2023 | $ | 838.1 |  |  | $ | 1,211.6 |  |  | $ | 1,212.6 |  |  | $ | 3,262.3 |
Adjustments to goodwill for acquisitions | 4.7 |  |  | 147.2 |  |  | — |  |  | 151.9 |
Adjustment to goodwill for divestiture | — |  |  | — |  |  | (58.1) |  |  | (58.1) |
Foreign currency exchange rate changes | (43.5) |  |  | (11.8) |  |  | (20.7) |  |  | (76.0) |
Balance as of December 31, 2024 | $ | 799.3 |  |  | $ | 1,347.0 |  |  | $ | 1,133.8 |  |  | $ | 3,280.1 |
Schedule of Intangible Assets by Major Class | The components of intangible assets are as follows:
|  |  | December 31, 2024 |  | December 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
|  |  | (In millions)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | $ | 789.7 |  |  | $ | — |  |  | $ | 789.7 |  |  | $ | 793.0 |  |  | $ | — |  |  | $ | 793.0 |
Customer relationships | 10 - 20 |  | 1,502.4 |  |  | (476.4) |  |  | 1,026.0 |  |  | 1,519.9 |  |  | (464.4) |  |  | 1,055.5 |
Distribution agreements | 15 and 19 |  | 29.2 |  |  | (27.7) |  |  | 1.5 |  |  | 29.2 |  |  | (26.0) |  |  | 3.2 |
Trademarks | 5 and 12 |  | 15.5 |  |  | (11.7) |  |  | 3.8 |  |  | 15.5 |  |  | (9.6) |  |  | 5.9 |
Software | 7 |  | 16.0 |  |  | (1.1) |  |  | 14.9 |  |  | — |  |  | — |  |  | — |
|  |  | $ | 2,352.8 |  |  | $ | (516.9) |  |  | $ | 1,835.9 |  |  | $ | 2,357.6 |  |  | $ | (500.0) |  |  | $ | 1,857.6 |
(1)Excludes the original cost and related accumulated amortization of fully-amortized intangible assets.
Schedule of Expected 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)
2025 | $ | 88.7 |
2026 | 83.5 |
2027 | 80.6 |
2028 | 79.0 |
2029 | 77.9 |
Thereafter | 636.5 |
Total | $ | 1,046.2 |

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