XML 23 R11.htm IDEA: XBRL DOCUMENT v3.25.3

GOODWILL (Notes)

9 Months Ended

Sep. 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						0.5						—						20.6
Foreign currency exchange rate changes			16.8						5.7						8.1						30.6
Ending balance, September 30, 2025			$	836.2					$	1,353.2					$	1,141.9					$	3,331.3

The components of intangible assets are as follows:

						As of
						September 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			$	791.0					$	—					$	791.0					$	789.7					$	—					$	789.7
Customer relationships			9 - 20			1,519.0						(546.0)						973.0						1,502.4						(476.4)						1,026.0
Distribution agreements			8 - 19			39.9						(30.0)						9.9						29.2						(27.7)						1.5
Trademarks			5 and 12			15.5						(13.4)						2.1						15.5						(11.7)						3.8
Software			7			16.0						(2.9)						13.1						16.0						(1.1)						14.9
						$	2,381.4					$	(592.3)					$	1,789.1					$	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 $22.4 million and $21.5 million for the three months ended September 30, 2025 and 2024, respectively, and $66.9 million and $65.3 million for the nine months ended September 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			$	22.5
2026			85.8
2027			83.0
2028			81.3
2029			80.2
Thereafter			645.3
Total			$	998.1

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration