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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes to Goodwill
Changes to goodwill are as follows:
(in millions) Crane Payment InnovationsSecurity and Authentication TechnologiesTotal
Balance as of December 31, 2024
$609.1 $347.5 $956.6 
Additions— 181.6 181.6 
Currency translation and other22.9 6.7 29.6 
Balance as of June 30, 2025
$632.0 $535.8 $1,167.8 
Summary of Intangible Assets
Changes to intangible assets are as follows:
(in millions)Six Months Ended June 30, 2025
Year Ended December 31, 2024
Balance at beginning of period, net of accumulated amortization1
$419.3 $308.9 
Additions 188.0 161.8 
Amortization expense(27.0)(47.0)
Currency translation and other12.0 (4.4)
Balance at end of period, net of accumulated amortization1
$592.3 $419.3 
1 Includes $45.5 million intangibles with indefinite useful lives.
A summary of intangible assets are as follows:
Weighted  Average
Amortization Period of Finite Lived Assets
(in years)		June 30, 2025December 31, 2024
(in millions)Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights11.3$66.0 $17.6 $48.4 $65.5 $15.4 $50.1 
Customer relationships and backlog18.8776.9 322.7 454.2 610.5 293.9 316.6 
Developed Technology6.0111.4 33.2 78.2 66.4 26.8 39.6 
Other12.374.8 63.3 11.5 71.8 58.8 13.0 
Total18.1$1,029.1 $436.8 $592.3 $814.2 $394.9 $419.3 
Intangible Assets Future Amortization Expense
Future amortization expense associated with intangible assets is expected to be:
(in millions)
Remainder of 2025$33.7 
202663.6 
202760.7 
202855.6 
202954.3 
2030 and after278.9