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Goodwill and Other Intangible Assets, Net (Notes)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
The following table provides a rollforward of the carrying amount of our goodwill by segment.
Motion
Technologies		Industrial
Process		Connect & Control
Technologies		Total
Goodwill as of December 31, 2023$292.3 $403.0 $321.0 $1,016.3 
Goodwill acquired(a)
— 215.6 244.3 459.9 
Adjustments to purchase price allocations— — 0.6 0.6 
Allocated to divestiture of business(b)
(16.0)— — (16.0)
Foreign currency translation
(3.9)(25.3)(1.5)(30.7)
Goodwill as of December 31, 2024$272.4 $593.3 $564.4 $1,430.1 
Goodwill acquired
— 11.1 — 11.1 
Adjustments to purchase price allocations— — (0.8)(0.8)
Foreign currency translation
9.1 59.3 2.4 70.8 
Goodwill as of December 31, 2025$281.5 $663.7 $566.0 $1,511.2 
(a)Goodwill acquired for our IP and CCT segments is related to our acquisitions of Svanehøj and kSARIA, respectively, representing the calculation of the excess purchase price over the net assets acquired.
(b)During 2024, we completed the sale of our Wolverine business, which was previously included within our MT segment.
See Note 22, Acquisitions, Investments, and Divestitures, for further information.
Goodwill acquired represents the calculation of the excess purchase price over the net assets acquired. During the year ended December 31, 2025, the valuation of kSARIA was finalized. Refer to Note 22, Acquisitions, Investments, and Divestitures, for further information.
Other Intangible Assets, Net
The following table summarizes our other intangible assets, net of accumulated amortization.
 20252024
As of December 31Gross
Carrying
Amount		Accumulated
Amortization		Net
Intangibles		Gross
Carrying
Amount		Accumulated
Amortization		Net
Intangibles
Customer relationships
$400.6 $(117.6)$283.0 $383.8 $(92.6)$291.2 
Proprietary technology114.6 (32.3)82.3 105.3 (23.8)81.5 
Trademarks and other58.9 (54.9)4.0 56.7 (35.1)21.6 
Total finite-lived intangibles574.1 (204.8)369.3 545.8 (151.5)394.3 
Indefinite-lived intangibles
63.3 — 63.3 59.8 — 59.8 
Other intangible assets$637.4 $(204.8)$432.6 $605.6 $(151.5)$454.1 
The fair values of intangible assets acquired in connection with the purchase of Svanehøj and kSARIA consist of the following:
kSARIA (Final)
Useful life
(in years)
Fair value
Customer relationships17$141.0 
Trade names
Indefinite26.0 
Backlog1.317.0 
Other(a)
3 - 7
1.1 
Total intangible assets acquired$185.1 
(a)Other intangible assets reflect favorable lease intangibles.
Customer relationships, proprietary technology and trademarks and other intangible assets are amortized over weighted average lives of approximately 16.4 years, 16.7 years and 2.6 years, respectively. Indefinite-lived intangibles primarily consist of brands and trademarks.
Amortization expense related to intangible assets for 2025, 2024 and 2023 was $47.3, $42.1, and $19.1, respectively. Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
2026$29.5 
202728.0 
202827.2 
202926.7 
203026.7 
Thereafter231.2