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Goodwill and Intangible Assets, net | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, net | Goodwill and Intangible Assets, net Goodwill The following table shows our goodwill balances by reportable segment:
| North America |  | Europe/Asia |  | Total
Balance at December 31, 2024 | $ | 338.8 |  |  | $ | 104.9 |  |  | $ | 443.7 |
Currency translation | — |  |  | 4.3 |  |  | 4.3 |
Balance at March 31, 2025 | $ | 338.8 |  |  | $ | 109.2 |  |  | $ | 448.0 |
Intangible Assets, net Finite-lived or amortizable intangible assets consist of patented and unpatented technology, customer/distributor relationships, and other intellectual property. The following tables summarize our identifiable intangible assets, net with definite and indefinite useful lives:
| March 31, 2025
| Remaining Weighted-Average Useful Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer/distributor relationships | 9 |  | $ | 196.7 |  |  | $ | (76.3) |  |  | $ | 120.4 |
Patented/unpatented technology | 6 |  | 171.6 |  |  | (90.7) |  |  | 80.9 |
Intellectual property | 6 |  | 0.5 |  |  | (0.3) |  |  | 0.2 |
Total definite-lived intangible assets | 8 |  | 368.8 |  |  | (167.3) |  |  | 201.5 |
Trademarks/tradenames with indefinite lives |  |  | 106.2 |  |  | — |  |  | 106.2 |
Identifiable intangible assets, net |  |  | $ | 475.0 |  |  | $ | (167.3) |  |  | $ | 307.7 |
| December 31, 2024
| Remaining Weighted-Average Useful Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer/distributor relationships | 9 |  | $ | 192.5 |  |  | $ | (71.5) |  |  | $ | 121.0 |
Patented/unpatented technology | 6 |  | 171.5 |  |  | (86.7) |  |  | 84.8 |
Intellectual property | 6 |  | 0.5 |  |  | (0.3) |  |  | 0.2 |
Total definite-lived intangible assets | 8 |  | 364.5 |  |  | (158.5) |  |  | 206.0 |
Trademarks/tradenames with indefinite lives |  |  | 106.2 |  |  | — |  |  | 106.2 |
Identifiable intangible assets, net |  |  | $ | 470.7 |  |  | $ | (158.5) |  |  | $ | 312.2 |
The following table shows the remaining estimated amortization expense for our definite-lived intangible assets at March 31, 2025:
Year |  | Amount
2025 (Remaining nine months) |  | $ | 21.4 |
2026 |  | 28.1 |
2027 |  | 28.0 |
2028 |  | 28.0 |
2029 |  | 24.6 |
Thereafter |  | 71.4 |
|  | $ | 201.5 |
Amortization expense was $7.3 million and $7.2 million in the first quarter of 2025 and 2024, respectively.

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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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