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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
    Changes in the carrying amount of goodwill during the three months ended March 31, 2025 are summarized as follows (in millions):

North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaConsolidated
Balance as of December 31, 2024$742.8 $94.9 $962.3 $20.4 $1,820.4 
Foreign currency translation— 4.6 18.3 — 22.9 
Balance as of March 31, 2025$742.8 $99.5 $980.6 $20.4 $1,843.3 

    Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of October 1st each year.
    Changes in the carrying amount of acquired intangible assets during the three months ended March 31, 2025 are summarized as follows (in millions):

Gross carrying amounts:Trademarks and Trade NamesCustomer RelationshipsPatents and Technology
Other
Total
Balance as of December 31, 2024$75.1 $179.1 $604.7 $50.9 $909.8 
Foreign currency translation0.4 4.5 5.3 — 10.2 
Balance as of March 31, 2025$75.5 $183.6 $610.0 $50.9 $920.0 

Accumulated amortization:Trademarks and Trade NamesCustomer RelationshipsPatents and Technology
Other
Total
Balance as of December 31, 2024$45.6 $109.6 $95.0 $14.9 $265.1 
Amortization expense1.0 1.7 11.3 1.3 15.3 
Foreign currency translation0.4 3.9 2.1 0.1 6.5 
Balance as of March 31, 2025$47.0 $115.2 $108.4 $16.3 $286.9 

Indefinite-lived intangible assets:Trademarks and Trade Names
Balance as of December 31, 2024$83.8 
Foreign currency translation1.3 
Balance as of March 31, 2025$85.1 

    The Company amortizes certain acquired identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from four to 50 years. External-use software, net, developed by the Company and marketed externally, was approximately $0.2 million and $0.4 million as of March 31, 2025 and December 31, 2024, respectively, and classified within “Intangible assets, net.”