Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Note 3—Goodwill and Intangible Assets

The following table summarizes the goodwill balances by segment and the changes in the carrying amount of goodwill at March 31, 2025:

			Products &
			Healthcare
	Patient Direct		Services		Consolidated
Carrying amount of goodwill, December 31, 2024	$	1,228,140	$	103,141	$	1,331,281
Currency translation adjustments		—		650		650
Carrying amount of goodwill, March 31, 2025	$	1,228,140	$	103,791	$	1,331,931

Intangible assets subject to amortization, which exclude indefinite-lived intangible assets, at March 31, 2025 and December 31, 2024 were as follows:

	March 31, 2025						December 31, 2024
	Customer				Other		Customer				Other
	Relationships		Tradenames		Intangibles		Relationships		Tradenames		Intangibles
Gross intangible assets	$	330,883	$	202,000	$	73,055	$	330,412	$	202,000	$	73,055
Accumulated amortization		(174,250)		(94,105)		(54,497)		(167,824)		(89,214)		(51,703)
Net intangible assets	$	156,633	$	107,895	$	18,558	$	162,588	$	112,786	$	21,352
Weighted average useful life		14 years		10 years		6 years		14 years		10 years		6 years

At March 31, 2025 and December 31, 2024, $202 million and $210 million in net intangible assets were held in the Patient Direct segment and $83 million and $89 million were held in the Products & Healthcare Services segment. Amortization expense for intangible assets was $14 million and $20 million for the three months ended March 31, 2025 and 2024.

As of March 31, 2025, based on the current carrying value of intangible assets subject to amortization, estimated amortization expense were as follows:

Year
2025 (remainder)	$	40,833
2026		50,092
2027		41,743
2028		32,027
2029		25,881
Thereafter		92,510
Total future amortization	$	283,086