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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2025
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, 2025 and 2024 consisted of the following:
(dollars in millions)North AmericaRest of WorldTotal
Balance at December 31, 2023$574.9 $58.5 $633.4 
Currency translation adjustment(8.7)(1.4)(10.1)
Acquisitions20.5 117.9 138.4 
Balance at December 31, 2024586.7 175.0 761.7 
Currency translation adjustment4.8 (2.0)2.8 
Acquisition adjustments(1)
— (53.9)(53.9)
Balance at December 31, 2025$591.5 $119.1 $710.6 
(1)Measurement period adjustments related to the 2024 acquisitions which impacted the amount of goodwill originally reported.
The carrying amount of other intangible assets consisted of the following:
20252024
December 31 (dollars in millions)Gross
Carrying
Amount
Accumulated
Amortization
NetGross
Carrying
Amount
Accumulated
Amortization
Net
Amortizable intangible assets:
Patents$7.4 $(4.2)$3.2 $3.7 $(3.7)$— 
Customer lists291.7 (201.6)90.1 287.5 (187.3)100.2 
Total amortizable intangible assets299.1 (205.8)93.3 291.2 (191.0)100.2 
Indefinite-lived intangible assets:
Trade names269.0 — 269.0 220.9 — 220.9 
Total intangible assets$568.1 $(205.8)$362.3 $512.1 $(191.0)$321.1 
Amortization expenses of other intangible assets of $14.8 million, $12.7 million, and $12.6 million were recorded in 2025, 2024 and 2023, respectively. In the future, excluding the impact of any future acquisitions, the Company expects amortization expense of approximately $14.5 million annually and the intangible assets will be amortized over a weighted-average period of 9 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 2025, 2024 and 2023. No impairments of other intangible assets were recorded in 2025, 2024 and 2023.