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Goodwill and Other Intangibles, Net (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

The following table provides information related to the carrying value of intangible assets with a useful life:

 

June 30, 2025

 

 

 

December 31, 2024

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Amortization

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

 

 

 

 

 

Period

 

Carrying

 

 

Accumulated

 

 

 

 

 

 

 

 

Amount

 

 

Amortization

 

 

Impairments(2)

 

 

Net

 

(Years)

 

Amount

 

 

Amortization

 

 

Impairments(1)

 

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Names

$

1,383.3

 

 

$

(514.2

)

 

$

(11.6

)

 

$

857.5

 

3-20

 

$

1,383.4

 

 

$

(479.6

)

 

$

0.0

 

 

$

903.8

 

Customer Relationships

 

566.4

 

 

 

(352.2

)

 

 

(0.7

)

 

 

213.5

 

15-20

 

 

644.9

 

 

 

(402.1

)

 

 

(15.8

)

 

 

227.0

 

Patents/Formulas

 

205.6

 

 

 

(133.2

)

 

 

0.0

 

 

 

72.4

 

4-20

 

 

205.5

 

 

 

(127.2

)

 

 

0.0

 

 

 

78.3

 

Total

$

2,155.3

 

 

$

(999.6

)

 

$

(12.3

)

 

$

1,143.4

 

 

 

$

2,233.8

 

 

$

(1,008.9

)

 

$

(15.8

)

 

$

1,209.1

 

Indefinite Lived Intangible Assets

The following table presents the carrying value of indefinite-lived intangible assets:

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Gross Carrying Value Trade Names

$

1,680.7

 

 

$

1,960.7

 

VMS impairment

 

0.0

 

 

 

281.3

 

Spinbrush impairment

 

7.9

 

 

 

0.0

 

Trade Names

$

1,672.8

 

 

$

1,679.4

 

Summary of the VMS intangible and fixed asset impairment charges recorded

A summary of the VMS intangible and fixed asset impairment charges recorded in the third quarter of 2024 are as follows:

December 31,

2024

Trade Name

$

281.3

Customer Relationship Intangible Asset

15.8

PP&E

60.0

Total VMS impairment charges

$

357.1

Carrying Amount of Goodwill

The carrying amount of goodwill is as follows:

 

Consumer

 

 

Consumer

 

 

Specialty

 

 

 

 

 

Domestic

 

 

International

 

 

Products

 

 

Total

 

Balance at December 31, 2024

$

2,061.1

 

 

$

237.2

 

 

$

134.9

 

 

$

2,433.2

 

Balance at June 30, 2025

$

2,061.1

 

 

$

237.2

 

 

$

134.9

 

 

$

2,433.2