Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill by reportable segment are as follows:


($ in millions)	Mobility Technologies		Repair Solutions		Environmental & Fueling Solutions		Total
Balance, December 31, 2023	$	1,204.0	$	15.2	$	523.2	$	1,742.4


Foreign currency translation and other	(7.4)		—		(9.0)		(16.4)
Balance, December 31, 2024	1,196.6		15.2		514.2		1,726.0
Acquisitions	7.0		—		—		7.0
Divestitures	(20.0)		—		—		(20.0)
Foreign currency translation	17.2		—		27.4		44.6
Balance, December 31, 2025	$	1,200.8	$	15.2	$	541.6	$	1,757.6

Accumulated impairment charges, within the Mobility Technologies reportable segment, were $85.3 million as of December 31, 2025 and 2024.

Intangible Assets

Finite-lived intangible assets are generally amortized on a straight-line basis over the shorter of their legal or estimated useful lives. The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31:


	2025						2024
($ in millions)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Finite-lived intangibles:
Customer relationships	$	477.0	$	(294.7)	$	182.3	$	473.0	$	(253.0)	$	220.0
Patents and technology	292.0		(185.6)		106.4		295.6		(156.8)		138.8
Trademarks and trade names	59.7		(25.3)		34.4		57.0		(20.0)		37.0
Total finite-lived intangibles	828.7		(505.6)		323.1		825.6		(429.8)		395.8
Indefinite-lived intangibles:
Trademarks and trade names	89.3		—		89.3		90.7		—		90.7
Total intangibles	$	918.0	$	(505.6)	$	412.4	$	916.3	$	(429.8)	$	486.5

Based on the intangible assets recorded as of December 31, 2025, amortization expense is estimated to be as follows for the next five years and thereafter:


($ in millions)
2026	$	64.9
2027	54.5
2028	45.4
2029	44.4
2030	37.7
Thereafter	76.2
Total	$	323.1