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INTANGIBLE ASSETS AND GOODWILL

6 Months Ended

Jun. 30, 2025

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

NOTE 9.    INTANGIBLE ASSETS AND GOODWILL

Intangible assets consisted of the following:

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	June 30, 2025
​		Gross Carrying			Accumulated			Net Carrying			Weighted Average Remaining
​	​	Amount		​	Amortization		​	Amount			Useful Life (in years)
​	​	(in millions)								​	​
Technology	​	$	101.9	​	$	(75.1)	​	$	26.8	​	6.7
Customer relationships	​		171.5	​	​	(79.8)	​		91.7	​	8.1
Trademarks and other	​		27.3	​	​	(17.1)	​		10.2	​	4.1
Total	​	$	300.7	​	$	(172.0)	​	$	128.7	​	7.5
​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2024
​		Gross Carrying			Accumulated			Net Carrying		​	Weighted Average Remaining
​	​	Amount		​	Amortization		​	Amount		​	Useful Life (in years)
​	​	(in millions)								​	​
Technology	​	$	99.9	​	$	(70.0)	​	$	29.9	​	7.0
Customer relationships	​		168.9	​	​	(70.9)	​		98.0	​	8.5
Trademarks and other	​		27.1	​	​	(15.6)	​		11.5	​	4.6
Total	​	$	295.9	​	$	(156.5)	​	$	139.4	​	7.9

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Amortization expense related to intangible assets is as follows:

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Three Months Ended June 30,

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Six Months Ended June 30,

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2025

2024

2025

2024

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(in millions)

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Amortization expense

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$

5.6

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$

6.8

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$

11.1

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$

13.7

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Estimated future amortization expense related to intangibles is as follows:

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​	​	​	​
Year Ending December 31,		​	(in millions)
2025 (remaining)	​	$	11.1
2026	​		20.1
2027	​		17.8
2028	​		16.6
2029	​	​	15.0
Thereafter	​		48.1
Total	​	$	128.7

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The following table summarizes the changes in goodwill:

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​	​	​	​
​	​	(in millions)
December 31, 2024	​	$	296.0
Foreign currency translation and other	​	​	4.9
June 30, 2025		$	300.9

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X

- References

No definition available.

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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

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