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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill during the years ended December 31, 2024 and 2023 consisted of the following:
(dollars in millions) | North America |  | Rest of World |  | Total
Balance at December 31, 2022 | $ | 561.1 |  |  | $ | 58.6 |  |  | $ | 619.7 |
Currency translation adjustment | 2.6 |  |  | (0.1) |  |  | 2.5 |
Acquisitions | 11.2 |  |  | — |  |  | 11.2 |
Balance at December 31, 2023 | 574.9 |  |  | 58.5 |  |  | 633.4 |
Currency translation adjustment | (8.7) |  |  | (1.4) |  |  | (10.1) |
Acquisitions | 20.5 |  |  | 117.9 |  |  | 138.4 |
Balance at December 31, 2024 | $ | 586.7 |  |  | $ | 175.0 |  |  | $ | 761.7 |
The carrying amount of other intangible assets consisted of the following:
| 2024 |  | 2023
December 31 (dollars in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |
Patents | $ | 3.7 |  |  | $ | (3.7) |  |  | $ | — |  |  | $ | 3.7 |  |  | $ | (3.7) |  |  | $ | — |
Customer lists | 287.5 |  |  | (187.3) |  |  | 100.2 |  |  | 286.4 |  |  | (174.0) |  |  | 112.4 |
Total amortizable intangible assets | 291.2 |  |  | (191.0) |  |  | 100.2 |  |  | 290.1 |  |  | (177.7) |  |  | 112.4 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trade names | 220.9 |  |  | — |  |  | 220.9 |  |  | 224.3 |  |  | — |  |  | 224.3 |
Total intangible assets | $ | 512.1 |  |  | $ | (191.0) |  |  | $ | 321.1 |  |  | $ | 514.4 |  |  | $ | (177.7) |  |  | $ | 336.7 |
Amortization expenses of other intangible assets of $12.7 million, $12.6 million, and $12.8 million were recorded in 2024, 2023 and 2022, respectively. In the future, excluding the impact of any future acquisitions, the Company expects amortization expense of approximately $12.7 million annually and the intangible assets will be amortized over a weighted-average period of 10 years. The Company concluded that no goodwill impairment existed at the time of the annual impairment tests which were performed in the fourth quarters of 2024, 2023 and 2022. No impairments of other intangible assets were recorded in 2024, 2023 and 2022.

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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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