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Other Intangible Assets
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note 7 – Other Intangible Assets

Other intangible assets are summarized as follows:

(in millions)

 

March 31,
2025

 

 

December 31,
2024

 

Finite-lived intangible assets:

 

 

 

 

 

 

Customer relationships

 

$

148.2

 

 

$

160.8

 

Noncompete agreements

 

 

4.8

 

 

 

10.5

 

Trademarks

 

 

72.4

 

 

 

70.7

 

Internal-use software licenses

 

 

19.7

 

 

 

21.7

 

Patents

 

 

2.8

 

 

 

2.8

 

 

 

247.9

 

 

 

266.5

 

Accumulated amortization

 

 

(143.3

)

 

 

(158.2

)

 

 

104.6

 

 

 

108.3

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

Licenses

 

 

16.9

 

 

 

16.9

 

 

$

121.5

 

 

$

125.2

 

Amortization expense for finite-lived intangible assets was $9.6 million and $12.3 million for the three months ended March 31, 2025 and 2024, respectively.

 

 

Estimated amortization expense for finite-lived intangible assets for the next five years is as follows:

Year

 

(in millions)

 

Remainder of 2025

 

$

28.1

 

2026

 

$

27.7

 

2027

 

$

12.9

 

2028

 

$

8.4

 

2029

 

$

5.9

 

2030

 

$

5.2