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Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 30, 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
   September 30, 2025

 

$

45.7

 

 

$

394.4

 

 

$

112.1

 

 

$

8.4

 

 

$

2.6

 

 

$

51.6

 

 

$

1.7

 

 

$

616.5

 

Accumulated amortization

 

 

 

 

 

(352.9

)

 

 

(32.5

)

 

 

(6.3

)

 

 

(1.8

)

 

 

(32.4

)

 

 

 

 

 

(425.9

)

Net carrying
   amount at
   September 30, 2025

 

$

45.7

 

 

$

41.5

 

 

$

79.6

 

 

$

2.1

 

 

$

0.8

 

 

$

19.2

 

 

$

1.7

 

 

$

190.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

205.8

 

 

 

 

 

 

205.8

 

Foreign currency translation

 

 

1.8

 

 

 

 

 

 

1.8

 

Balance at September 30, 2025

 

$

745.8

 

 

$

35.6

 

 

$

781.4