Intangible Assets and Goodwill (Tables)

9 Months Ended

Oct. 02, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Intangible Assets

The following table presents a summary of our intangible assets:

	As of
	Third Quarter of 2026						Year End 2025
	Gross						Gross
	Carrying		Accumulated		Net Carrying		Carrying		Accumulated		Net Carrying
(In millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Developed product technology	$	813.0	$	(626.7)	$	186.3	$	804.9	$	(592.3)	$	212.6
Customer relationships	1,156.3		(537.5)		618.8		1,199.6		(491.6)		708.0
Trade names and other intellectual properties	35.0		(32.0)		3.0		35.1		(31.6)		3.5
	$	2,004.3	$	(1,196.2)	$	808.1	$	2,039.6	$	(1,115.5)	$	924.1

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense of intangible assets at the end of the third quarter of 2026 was as follows:

(In millions)
2026 (Remaining)	$	42.1
2027	159.5
2028	145.4
2029	123.6
2030	87.8
Thereafter	249.7
Total	$	808.1

Schedule of Changes in Carrying Amount of Goodwill by Operating Segment

The changes in the carrying amount of goodwill by segment for the first three quarters of 2026 were as follows:

	AECO		Field Systems		T&L		Total
(In millions)
Balance as of year end 2025	$	2,037.0	$	977.2	$	2,225.5	$	5,239.7
Additions due to acquisitions	207.0		4.8		—		211.8
Goodwill impairment	—		—		(562.0)		(562.0)
Foreign currency translation and other adjustments	(12.6)		(7.0)		(47.9)		(67.5)
Balance as of the end of the third quarter of 2026	$	2,231.4	$	975.0	$	1,615.6	$	4,822.0