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Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

Intangible assets, net consisted of the following:

(in millions)

 

Indefinite-
lived trade
names

 

 

Customer
relationship
intangibles

 

 

Definite-
lived trade
names

 

 

Acquired
Technology

 

 

Acquired
Content

 

 

Computer
software

 

 

Capitalized
software in
progress

 

 

Total
Intangible
Assets

 

Gross carrying
   amount at
   March 31, 2025

 

$

45.7

 

 

$

365.5

 

 

$

94.7

 

 

$

8.4

 

 

$

2.6

 

 

$

46.8

 

 

$

2.5

 

 

$

566.2

 

Accumulated amortization

 

 

—

 

 

 

(345.9

)

 

 

(29.0

)

 

 

(5.9

)

 

 

(1.5

)

 

 

(28.0

)

 

 

—

 

 

 

(410.3

)

Net carrying
   amount at
   March 31, 2025

 

$

45.7

 

 

$

19.6

 

 

$

65.7

 

 

$

2.5

 

 

$

1.1

 

 

$

18.8

 

 

$

2.5

 

 

$

155.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying
   amount at
   December 31, 2024

 

$

45.7

 

 

$

363.6

 

 

$

92.3

 

 

$

8.4

 

 

$

2.6

 

 

$

45.1

 

 

$

2.3

 

 

$

560.0

 

Accumulated amortization

 

 

—

 

 

 

(343.5

)

 

 

(27.6

)

 

 

(5.7

)

 

 

(1.4

)

 

 

(25.9

)

 

 

—

 

 

 

(404.1

)

Net carrying
   amount at
   December 31, 2024

 

$

45.7

 

 

$

20.1

 

 

$

64.7

 

 

$

2.7

 

 

$

1.2

 

 

$

19.2

 

 

$

2.3

 

 

$

155.9

 
Schedule of Changes in Carrying Amount of Goodwill for Each Reportable Segment

The table below summarizes the changes in the carrying amount of goodwill for each reportable segment:

 

 

Reportable Segment

 

 

 

 

 

 

 

(in millions)

 

Connections

 

 

All Other

 

 

Total

 

Balance at December 31, 2024

 

$

538.2

 

 

$

35.6

 

 

$

573.8

 

Acquired goodwill(1)

 

 

28.0

 

 

 

—

 

 

 

28.0

 

Balance at March 31, 2025

 

$

566.2

 

 

$

35.6

 

 

$

601.8

 
(1)
Includes $0.5 million of goodwill related to the acquisition of Plant Based World during the three months ended March 31, 2025.