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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the six months ended June 30, 2025 were as follows:
| Goodwill |  | Accumulated Impairment Losses |  | Total
Balance as of December 31, 2024 | $ | 218.1 |  |  | $ | (32.5) |  |  | $ | 185.6 |
Foreign currency fluctuations | 25.1 |  |  | (3.5) |  |  | 21.6 |
Balance as of June 30, 2025 | $ | 243.2 |  |  | $ | (36.0) |  |  | $ | 207.2 |
The balances of acquired intangible assets, excluding goodwill, were as follows:
| Customer Lists |  | Trade Names |  | Technology |  | Total
Balance as of June 30, 2025 |  |  |  |  |  |  |
Original cost | $ | 173.8 |  |  | $ | 31.1 |  |  | $ | 16.5 |  |  | $ | 221.4 |
Accumulated amortization | (123.4) |  |  | (25.1) |  |  | (14.7) |  |  | (163.2) |
Carrying value | $ | 50.4 |  |  | $ | 6.0 |  |  | $ | 1.8 |  |  | $ | 58.2 |
Weighted average original life (in years) | 15 |  | 11 |  | 11 |  |
Balance as of December 31, 2024 |  |  |  |  |  |  |
Original cost | $ | 154.6 |  |  | $ | 27.6 |  |  | $ | 15.2 |  |  | $ | 197.4 |
Accumulated amortization | (104.9) |  |  | (20.8) |  |  | (13.0) |  |  | (138.7) |
Carrying value | $ | 49.7 |  |  | $ | 6.8 |  |  | $ | 2.2 |  |  | $ | 58.7 |
Weighted average original life (in years) | 15 |  | 11 |  | 11 |  |
Amortization expense on intangible assets for the three and six months ended June 30, 2025 was $3.4 million and $6.8 million, respectively. Amortization expense on intangible assets for the three and six months ended June 30, 2024 was $3.9 million and $7.8 million, respectively. Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets for each of the five succeeding years and thereafter is as follows:
Remaining 2025 | $ | 6.9 |
2026 | 12.7 |
2027 | 9.2 |
2028 | 7.3 |
2029 | 6.6 |
Thereafter | 15.5 |
Total | $ | 58.2 |

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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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