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Goodwill and Identifiable Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill
The following table provides information regarding changes in goodwill (in millions):
Aviation
Segment
Land
Segment
Total
As of December 31, 2022$397.6 $835.3 $1,233.0 
2023 acquisitions (1)
— 3.0 3.1 
Adjustment for sale of business
— (4.0)(4.0)
Foreign currency translation of non-USD functional currency subsidiary goodwill0.6 5.3 5.9 
As of December 31, 2023398.3 839.7 1,238.0 
2024 acquisitions (1)
17.5 — 17.5 
Adjustment for sale of business (2)
(59.5)(8.7)(68.2)
Foreign currency translation of non-USD functional currency subsidiary goodwill(1.9)(3.8)(5.6)
As of December 31, 2024$354.4 $827.3 $1,181.7 
(1)During the years ended December 31, 2024 and 2023, we completed acquisitions that did not have a material impact on our Consolidated Financial Statements.
(2)See Note 3. Acquisitions and Divestitures for additional information.
Schedule of intangible assets subject to amortization
The following table provides information about our identifiable intangible assets (in millions):
As of December 31, 2024As of December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
(1)
NetGross
Carrying
Amount
Accumulated
Amortization
(1)
Net
Intangible assets subject to amortization:
Customer relationships$504.1 $339.8 $164.3 $512.4 $322.6 $189.8 
Supplier agreements69.0 35.4 33.6 69.0 30.2 38.8 
Others43.5 25.1 18.4 55.2 34.6 20.6 
Total intangible assets subject to amortization616.6 400.3 216.3 636.5 387.4 249.2 
Intangible assets not subject to amortization:
Trademark / trade name rights44.9 — 44.9 50.5 — 50.5 
Total intangible assets$661.5 $400.3 $261.2 $687.1 $387.4 $299.7 
(1)Includes the impact of foreign exchange.
Schedule of intangible assets not subject to amortization
The following table provides information about our identifiable intangible assets (in millions):
As of December 31, 2024As of December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
(1)
NetGross
Carrying
Amount
Accumulated
Amortization
(1)
Net
Intangible assets subject to amortization:
Customer relationships$504.1 $339.8 $164.3 $512.4 $322.6 $189.8 
Supplier agreements69.0 35.4 33.6 69.0 30.2 38.8 
Others43.5 25.1 18.4 55.2 34.6 20.6 
Total intangible assets subject to amortization616.6 400.3 216.3 636.5 387.4 249.2 
Intangible assets not subject to amortization:
Trademark / trade name rights44.9 — 44.9 50.5 — 50.5 
Total intangible assets$661.5 $400.3 $261.2 $687.1 $387.4 $299.7 
(1)Includes the impact of foreign exchange.
Schedule of future estimated amortization of identifiable intangible assets
The future estimated amortization of our identifiable intangible assets is as follows (in millions):
Year Ended December 31,
2025$32.8 
202628.3 
202723.8 
202821.4 
202921.1 
Thereafter88.9 
Total$216.3