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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 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 nine months ended September 30, 2025 are summarized as follows (in millions):
| North America |  | South America |  | Europe/Middle East |  | Asia/Pacific/Africa |  | Consolidated
Balance as of December 31, 2024 | $ | 742.8 |  |  | $ | 94.9 |  |  | $ | 962.3 |  |  | $ | 20.4 |  |  | $ | 1,820.4 |
Foreign currency translation | 1.0 |  |  | 10.4 |  |  | 69.4 |  |  | — |  |  | 80.8 |
Balance as of September 30, 2025 | $ | 743.8 |  |  | $ | 105.3 |  |  | $ | 1,031.7 |  |  | $ | 20.4 |  |  | $ | 1,901.2 |
Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of October 1 st each year. Changes in the carrying amount of acquired intangible assets during the nine months ended September 30, 2025 are summarized as follows (in millions):
Gross carrying amounts: | Trademarks and Trade Names |  | Customer Relationships |  | Patents and Technology |  | Other |  | Total
Balance as of December 31, 2024 | $ | 75.1 |  |  | $ | 179.1 |  |  | $ | 604.7 |  |  | $ | 50.9 |  |  | $ | 909.8 |
Impairment charge | (1.6) |  |  | — |  |  | (0.6) |  |  | — |  |  | (2.2) |
Foreign currency translation | 2.1 |  |  | 12.7 |  |  | 16.8 |  |  | 0.2 |  |  | 31.8 |
Balance as of September 30, 2025 | $ | 75.6 |  |  | $ | 191.8 |  |  | $ | 620.9 |  |  | $ | 51.1 |  |  | $ | 939.4 |
Accumulated amortization: | Trademarks and Trade Names |  | Customer Relationships |  | Patents and Technology |  | Other |  | Total
Balance as of December 31, 2024 | $ | 45.6 |  |  | $ | 109.6 |  |  | $ | 95.0 |  |  | $ | 14.9 |  |  | $ | 265.1 |
Amortization expense | 3.1 |  |  | 5.3 |  |  | 41.7 |  |  | 3.9 |  |  | 54.0 |
Impairment charge | (1.2) |  |  | — |  |  | (0.4) |  |  | — |  |  | (1.6) |
Foreign currency translation | 2.0 |  |  | 10.8 |  |  | 7.0 |  |  | 0.1 |  |  | 19.9 |
Balance as of September 30, 2025 | $ | 49.5 |  |  | $ | 125.7 |  |  | $ | 143.3 |  |  | $ | 18.9 |  |  | $ | 337.4 |
Indefinite-lived intangible assets: | Trademarks and Trade Names
Balance as of December 31, 2024 | $ | 83.8 |
Foreign currency translation | 4.0 |
Balance as of September 30, 2025 | $ | 87.8 |
The Company amortizes certain acquired identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from three to 50 years. External-use software, net, developed by the Company and marketed externally, was approximately $0.4 million as of December 31, 2024 and classified within “Intangible assets, net.”

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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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