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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill by segment

The following table sets forth the changes in the carrying amount of goodwill by segment (in millions):

 

 

BSI BioSpin

 

 

BSI CALID

 

 

BSI NANO

 

 

BEST

 

 

Total

 

Balance at December 31, 2024

 

$

221.2

 

 

$

716.0

 

 

$

569.8

 

 

$

0.3

 

 

$

1,507.3

 

Current period additions

 

 

 

 

 

49.0

 

 

 

 

 

 

 

 

 

49.0

 

Current period impairment charges

 

 

(42.5

)

 

 

 

 

 

(54.0

)

 

 

 

 

 

(96.5

)

Current period adjustments

 

 

 

 

 

0.1

 

 

 

(0.3

)

 

 

 

 

 

(0.2

)

Foreign currency effect

 

 

23.8

 

 

 

56.1

 

 

 

10.4

 

 

 

 

 

 

90.3

 

Balance at September 30, 2025

 

$

202.5

 

 

$

821.2

 

 

$

525.9

 

 

$

0.3

 

 

$

1,549.9

 

Summary of intangible assets

The following is a summary of intangible assets (in millions):

 

September 30, 2025

 

 

December 31, 2024

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Existing technology and related patents

 

$

777.2

 

 

$

(343.3

)

 

$

433.9

 

 

$

724.5

 

 

$

(291.3

)

 

$

433.2

 

Customer relationships

 

 

594.8

 

 

 

(158.2

)

 

 

436.6

 

 

 

550.6

 

 

 

(125.6

)

 

 

425.0

 

Trade names

 

 

65.3

 

 

 

(23.2

)

 

 

42.1

 

 

 

60.9

 

 

 

(16.1

)

 

 

44.8

 

Other

 

 

18.0

 

 

 

(11.7

)

 

 

6.3

 

 

 

16.5

 

 

 

(7.0

)

 

 

9.5

 

Intangible assets

 

$

1,455.3

 

 

$

(536.4

)

 

$

918.9

 

 

$

1,352.5

 

 

$

(440.0

)

 

$

912.5

 

Summary of intangible assets impairment charges by reportable segment

The following table summarizes the intangible assets impairment charges by reportable segment for the periods reported (amounts in millions):

 

 

 

Three Months Ended September 30, 2025

 

 

Nine Months Ended September 30, 2025

 

BSI BioSpin

 

 

 

 

 

 

Existing technology and related patents

 

$

2.2

 

 

$

2.2

 

Customer relationships

 

 

2.4

 

 

 

2.4

 

Total BSI BioSpin

 

 

4.6

 

 

 

4.6

 

BSI CALID

 

 

 

 

 

 

Existing technology and related patents

 

 

2.1

 

 

 

7.7

 

Customer relationships

 

 

 

 

0.5

 

Trade names

 

 

 

 

0.7

 

Total BSI CALID

 

 

2.1

 

 

 

8.9

 

BSI NANO

 

 

 

 

 

 

Existing technology and related patents

 

 

8.3

 

 

 

8.4

 

Customer relationships

 

 

7.4

 

 

 

7.4

 

Trade names

 

 

0.5

 

 

 

0.8

 

Total BSI NANO

 

 

16.2

 

 

 

16.6

 

Total impairment charges

 

$

22.9

 

 

$

30.1