Goodwill and Other Intangibles Resulting from Business Acquisitions

3 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles Resulting from Business Acquisitions

Goodwill and Other Intangibles Resulting from Business Acquisitions

Changes in the net carrying amount of goodwill for the three months ended March 29, 2025 by reportable segment are shown below.

(In millions)	Materials Group		Solutions Group		Total
Goodwill as of December 28, 2024	$	606.1	$	1,370.1	$	1,976.2
Translation adjustments	10.9		4.3		15.2
Goodwill as of March 29, 2025	$	617.0	$	1,374.4	$	1,991.4

Amortization expense for finite-lived intangible assets resulting from business acquisitions was $22.1 million and $22.4 million for the three months ended March 29, 2025 and March 30, 2024, respectively.

Estimated future amortization expense related to existing finite-lived intangible assets for the remainder of fiscal year 2025 and for each of the next four fiscal years and thereafter is shown below.

(In millions)	Estimated Amortization Expense
2025 (remainder of year)	$	66.2
2026	85.5
2027	85.2
2028	77.4
2029	62.0
2030 and thereafter	203.5