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Goodwill and Intangible Assets, net
3 Months Ended
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 AmericaEurope/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 relationships9$196.7 $(76.3)$120.4 
Patented/unpatented technology6171.6 (90.7)80.9 
Intellectual property60.5 (0.3)0.2 
Total definite-lived intangible assets8368.8 (167.3)201.5 
Trademarks/tradenames with indefinite lives106.2 — 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 relationships9$192.5 $(71.5)$121.0 
Patented/unpatented technology6171.5 (86.7)84.8 
Intellectual property60.5 (0.3)0.2 
Total definite-lived intangible assets8364.5 (158.5)206.0 
Trademarks/tradenames with indefinite lives106.2 — 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:
YearAmount
2025 (Remaining nine months)$21.4 
202628.1 
202728.0 
202828.0 
202924.6 
Thereafter71.4 
 $201.5 
Amortization expense was $7.3 million and $7.2 million in the first quarter of 2025 and 2024, respectively.