Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

The changes in the carrying amount of goodwill attributable to each reportable segment for the three month period ended March 31, 2026 is presented in the table below.

	Industrial Technologies and Services		Precision and Science Technologies		Total
Balance at beginning of period	$	5,385.5	$	3,098.6	$	8,484.1
Acquisitions	1.9		20.9		22.8
Foreign currency translation and other(1)	(25.8)		(9.9)		(35.7)
Balance at end of period	$	5,361.6	$	3,109.6	$	8,471.2

(1)Includes measurement period adjustments

Accumulated impairment losses totaled $220.6 million within the Industrial Technologies and Services segment and $229.7 million within the Precision and Science Technologies segment as of both March 31, 2026 and December 31, 2025.

Other Intangible Assets, Net

Other intangible assets as of March 31, 2026 and December 31, 2025 consisted of the following.

	March 31, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets
Customer lists and relationships	$	4,291.2	$	(2,248.1)	$	2,043.1	$	4,292.9	$	(2,186.3)	$	2,106.6
Technology	575.0		(343.4)		231.6		573.5		(325.2)		248.3
Tradenames	329.2		(67.6)		261.6		327.6		(53.1)		274.5
Other	164.9		(127.2)		37.7		163.4		(125.0)		38.4
Unamortized intangible assets
Tradenames	1,568.8		—		1,568.8		1,572.5		—		1,572.5
Total other intangible assets	$	6,929.1	$	(2,786.3)	$	4,142.8	$	6,929.9	$	(2,689.6)	$	4,240.3

Intangible Asset Impairment Considerations

As of March 31, 2026 and December 31, 2025, there were no indications that the carrying value of goodwill and other intangible assets may not be recoverable. However, a prolonged adverse impact of geopolitical events on the Company’s consolidated financial results may require an impairment charge related to one or more of these intangible assets in a future period.