Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets. Goodwill and intangibles are tested for impairment annually during the fourth quarter or earlier if a triggering event is identified. The changes in the carrying amount of goodwill for the nine months ended September 30, 2025:


	Banking		Retail		Total
Goodwill, balance at January 1, 2025	$	448.4	$	138.0	$	586.4
Currency translation adjustment	42.3		13.4		55.7
Goodwill, balance at September 30, 2025	490.7		151.4		642.1

The following summarizes information on Intangible assets by major category:


		September 30, 2025						December 31, 2024
	Weighted-average remaining useful lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	15.5 years	$	585.2	$	(71.0)	$	514.2	$	523.8	$	(41.1)	$	482.7
Trademarks and trade names	16.3 years	123.3		(14.3)		109.0		114.5		(8.5)		106.0
Capitalized software development	2.5 years	39.4		(14.6)		24.8		46.9		(6.1)		40.8
Technology know-how and development costs non-software	4.0 years	200.7		(69.7)		131.0		186.2		(41.3)		144.9
Other intangibles	< 1.0 year	69.3		(40.2)		29.1		38.3		(34.1)		4.2
Customer relationships and other intangible assets, net		$	1,017.9	$	(209.8)	$	808.1	$	909.7	$	(131.1)	$	778.6

The Company's total amortization expense, excluding that related to deferred financing costs, was $23.1 and $23.0 for the three months ended September 30, 2025 and 2024, respectively. The Company's total amortization expense, excluding that related to deferred financing costs, was $70.7 and $74.5 for the nine months ended September 30, 2025 and 2024, respectively. The primary driver of the change in gross carrying amount was due to an increase for currency translation of $84.8 and software development costs of $17.3.