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Goodwill and Intangibles
 9 Months Ended
Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles [Text Block] Goodwill and Other Intangibles
Changes in the Company's goodwill during the nine months ended September 27, 2025 and September 28, 2024, by segment, are summarized below:
(in millions)PropulsionEngine P&ANavico GroupBoatTotal
December 31, 2024$50.8 $232.6 $513.4 $169.3 $966.1 
Impairments— — (305.8)— (305.8)
Adjustments2.8 0.6 15.1 0.8 19.3 
September 27, 2025$53.6 $233.2 $222.7 $170.1 $679.6 
December 31, 2023$54.1 $233.0 $599.7 $143.9 $1,030.7 
Acquisitions— — — 28.2 28.2 
Adjustments(0.1)— 1.9 (1.0)0.8 
September 28, 2024$54.0 $233.0 $601.6 $171.1 $1,059.7 

The Company tests goodwill for impairment during the fourth quarter of each year, or whenever a change in events and circumstances (triggering event) occurs that indicates the carrying value of a reporting unit may exceed its fair value. With the 2025 marine retail selling season substantially complete, and a new organizational structure in place for Navico Group during the third quarter of 2025, the Company assessed the current economic and trade environment impact on future results and performed a third quarter goodwill impairment assessment of the Navico Group reporting unit and determined the carrying value exceeded its fair value. We calculate the fair value of our reporting units considering both the income approach and the guideline public company method. As a result of the impairment test, the Company recorded an $305.8 million impairment charge during the three months ended September 27, 2025, which is included as a component of Restructuring, exit and impairment charges in the Condensed Consolidated Statement of Comprehensive Income. Following the impairment charge, the Navico Group reporting unit has goodwill assigned to it of $222.7 million as of September 27, 2025 and its fair value approximates its carrying value. The accumulated impairment loss on goodwill was $385.8 million and $80.0 million as of September 27, 2025 and December 31, 2024, respectively. There was no accumulated impairment loss on goodwill as of September 28, 2024.

Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. Adjustments during the nine months ended September 28, 2024 also include $1.6 million of purchase accounting adjustments related to the 2023 Fliteboard and Freedom Boat Club acquisitions.

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of September 27, 2025, December 31, 2024, and September 28, 2024, are summarized by intangible asset type below:
September 27, 2025December 31, 2024September 28, 2024
(in millions)Gross AmountAccumulated AmortizationGross AmountAccumulated AmortizationGross AmountAccumulated Amortization
Intangible assets:
  Customer relationships$917.3 $(510.5)$909.4 $(473.5)$913.1 $(463.2)
  Trade names288.6 — 304.2 — 311.8 — 
  Developed technology 167.2 (44.2)166.8 (35.6)167.6 (32.8)
  Other131.5 (83.5)113.7 (66.7)101.7 (58.3)
    Total$1,504.6 $(638.2)$1,494.1 $(575.8)$1,494.2 $(554.3)

The Company tests its intangible assets for impairment during the fourth quarter of each year, or whenever a change in events and circumstances (triggering event) occurs that indicates the fair value of intangible assets may be below their carrying values. With the 2025 marine selling season substantially complete, and a new organizational structure in place for Navico Group during the third quarter of 2025, the Company performed a third quarter impairment assessment of the legacy Navico trade name and determined the carrying value exceeded its fair value. The Company recorded a total impairment charge of $17.0 million during the three months ended
September 27, 2025, related to various Navico Group trade names, which is included as a component of Restructuring, exit and impairment charges on the Condensed Consolidated Statement of Comprehensive Income. The Company did not record any impairment charges on its intangible assets during the nine months ended September 28, 2024.

Other intangible assets primarily consist of software, patents, and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $19.7 million and $59.0 million for the three and nine months ended September 27, 2025, respectively. Aggregate amortization expense for intangibles was $18.2 million and $54.0 million for the three and nine months ended September 28, 2024, respectively.