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GOODWILL (Notes) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure | The following table sets forth the changes in the carrying value of goodwill by reportable segment for the period presented:
| EES |  | CSS |  | UBS |  | Total
| (In millions)
Beginning balance, January 1, 2025 | $ | 799.3 |  |  | $ | 1,347.0 |  |  | $ | 1,133.8 |  |  | $ | 3,280.1 |
Adjustments to goodwill for acquisitions | 20.1 |  |  | 0.3 |  |  | — |  |  | 20.4 |
Foreign currency exchange rate changes | 28.8 |  |  | 8.5 |  |  | 13.9 |  |  | 51.2 |
Ending balance, June 30, 2025 | $ | 848.2 |  |  | $ | 1,355.8 |  |  | $ | 1,147.7 |  |  | $ | 3,351.7 |
The components of intangible assets are as follows:
|  | As of
|  | June 30, 2025 |  | December 31, 2024
| 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)
Trademarks | Indefinite | $ | 791.9 |  |  | $ | — |  |  | $ | 791.9 |  |  | $ | 789.7 |  |  | $ | — |  |  | $ | 789.7 |
Customer relationships | 9 - 20 | 1,525.3 |  |  | (529.2) |  |  | 996.1 |  |  | 1,502.4 |  |  | (476.4) |  |  | 1,026.0 |
Distribution agreements | 8 - 19 | 40.0 |  |  | (29.2) |  |  | 10.8 |  |  | 29.2 |  |  | (27.7) |  |  | 1.5 |
Trademarks | 5 and 12 | 15.5 |  |  | (12.9) |  |  | 2.6 |  |  | 15.5 |  |  | (11.7) |  |  | 3.8 |
Software | 7 | 16.0 |  |  | (2.3) |  |  | 13.7 |  |  | 16.0 |  |  | (1.1) |  |  | 14.9 |
|  | $ | 2,388.7 |  |  | $ | (573.6) |  |  | $ | 1,815.1 |  |  | $ | 2,352.8 |  |  | $ | (516.9) |  |  | $ | 1,835.9 |
(1) Excludes the original cost and related accumulated amortization of fully-amortized intangible assets. Amortization expense related to intangible assets totaled $22.3 million and $21.9 million for the three months ended June 30, 2025 and 2024, respectively, and $44.5 million and $43.8 million for the six months ended June 30, 2025 and 2024, respectively. 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)
Remaining 2025 | $ | 45.6 |
2026 | 86.1 |
2027 | 83.2 |
2028 | 81.5 |
2029 | 80.4 |
Thereafter | 646.4 |
Total | $ | 1,023.2 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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