Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2025

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 amortization1	$	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 amortization1	$	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: