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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | 8. GOODWILL AND INTANGIBLE ASSETS Goodwill Changes in the carrying amount of goodwill, which include no accumulated impairment losses, for the three months ended March 31, 2025 are as follows:
|  | Goodwill
|  | (In millions)
Balance at December 31, 2024 |  | $ | 1,819.3 |
Foreign currency exchange adjustments |  | 0.1 |
Acquisition |  | 69.7 |
Balance at March 31, 2025 |  | $ | 1,889.1 |
Intangible Assets The gross carrying amounts and accumulated amortization of intangible assets as of March 31, 2025 and December 31, 2024 are as follows:
|  |  | March 31, 2025 |  | December 31, 2024
|  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
|  |  | (In millions)
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer-related |  |  | $ | 611.1 |  |  | $ | (404.9) |  |  | $ | 206.2 |  |  | $ | 546.0 |  |  | $ | (395.6) |  |  | $ | 150.4 |
Trademarks |  |  | 32.1 |  |  | (17.6) |  |  | 14.5 |  |  | 19.2 |  |  | (17.0) |  |  | 2.2 |
Formulas/recipes |  |  | 15.4 |  |  | (15.1) |  |  | 0.3 |  |  | 15.4 |  |  | (15.0) |  |  | 0.4 |
Computer software |  |  | 213.4 |  |  | (161.7) |  |  | 51.7 |  |  | 212.6 |  |  | (158.7) |  |  | 53.9 |
Total finite lived intangibles |  |  | 872.0 |  |  | (599.3) |  |  | 272.7 |  |  | 793.2 |  |  | (586.3) |  |  | 206.9 |
Intangible assets with indefinite lives: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  | 6.0 |  |  | — |  |  | 6.0 |  |  | 6.0 |  |  | — |  |  | 6.0 |
Total intangible assets |  |  | $ | 878.0 |  |  | $ | (599.3) |  |  | $ | 278.7 |  |  | $ | 799.2 |  |  | $ | (586.3) |  |  | $ | 212.9 |

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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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