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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Changes to goodwill are as follows:
(in millions) | Crane Payment Innovations | Security and Authentication Technologies | Total
Balance as of December 31, 2024 | $ | 609.1 |  | $ | 347.5 |  | $ | 956.6 |
Additions | — |  | 182.4 |  | 182.4 |
Currency translation and other | 18.7 |  | 3.7 |  | 22.4 |
Balance as of September 30, 2025 | $ | 627.8 |  | $ | 533.6 |  | $ | 1,161.4 |
Changes to intangible assets are as follows:
(in millions) | Nine Months Ended September 30, 2025 |  | Year Ended December 31, 2024
Balance at beginning of period, net of accumulated amortization 1 | $ | 419.3 |  |  | $ | 308.9 |
Additions | 189.5 |  |  | 161.8 |
Amortization expense | (43.2) |  |  | (47.0) |
Currency translation and other | 7.3 |  |  | (4.4) |
Balance at end of period, net of accumulated amortization 1 | $ | 572.9 |  |  | $ | 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) |  | September 30, 2025 |  | December 31, 2024
(in millions) |  | Gross Asset |  | Accumulated Amortization |  | Net |  | Gross Asset |  | Accumulated Amortization |  | Net
Intellectual property rights | 11.3 |  | $ | 66.2 |  |  | $ | 17.9 |  |  | $ | 48.3 |  |  | $ | 65.5 |  |  | $ | 15.4 |  |  | $ | 50.1 |
Customer relationships and backlog | 18.9 |  | 771.0 |  |  | 331.5 |  |  | 439.5 |  |  | 610.5 |  |  | 293.9 |  |  | 316.6 |
Developed Technology | 6.0 |  | 112.0 |  |  | 37.6 |  |  | 74.4 |  |  | 66.4 |  |  | 26.8 |  |  | 39.6 |
Other | 12.3 |  | 74.9 |  |  | 64.2 |  |  | 10.7 |  |  | 71.8 |  |  | 58.8 |  |  | 13.0 |
Total | 18.1 |  | $ | 1,024.1 |  |  | $ | 451.2 |  |  | $ | 572.9 |  |  | $ | 814.2 |  |  | $ | 394.9 |  |  | $ | 419.3 |
Future amortization expense associated with intangible assets is expected to be:
(in millions) |
Remainder of 2025 | $ | 17.1 |
2026 | 63.7 |
2027 | 60.8 |
2028 | 55.6 |
2029 | 53.8 |
2030 and after | 276.4 |

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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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