Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Other Intangible Assets [Abstract]

Note 11. Goodwill and Other Intangible Assets

Goodwill and other intangible assets with indefinite lives are not amortized, but instead are assessed for impairment, at least annually. The carrying amount of goodwill was $915.9 million and $913.8 million as of December 31, 2025 and December 31, 2024, respectively. The net change in goodwill since December 31, 2025 was attributable to the effects of foreign exchange.

The balance of goodwill by reporting unit and the activity occurring in the past two fiscal years is as follows:


		Consumer &		Engineered
(in millions of dollars)		Specialties		Solutions			Consolidated
Balance at December 31, 2023	$	345.2	$	568.4		$	913.6

Change in goodwill relating to:
Foreign exchange translation		0.5		(0.3	)		0.2
Total Changes	$	0.5	$	(0.3	)	$	0.2

Balance at December 31, 2024	$	345.7	$	568.1		$	913.8

Change in goodwill relating to:
Foreign exchange translation		1.5		0.6			2.1
Total Changes	$	1.5	$	0.6		$	2.1

Balance at December 31, 2025	$	347.2	$	568.7		$	915.9

Acquired intangible assets subject to amortization as of December 31, 2025 and December 31, 2024 were as follows:


		December 31, 2025				December 31, 2024
		(in millions of dollars)				(in millions of dollars)
	Weighted Average		Gross				Gross
	Useful Life		Carrying		Accumulated		Carrying		Accumulated
	(Years)		Amount		Amortization		Amount		Amortization
Tradenames	34	$	221.4	$	67.6	$	221.5	$	63.0
Technology	20		18.8		15.5		18.8		15.1
Patents and trademarks	19		6.4		6.4		6.4		6.4
Customer relationships	21		80.4		28.8		77.5		21.6
	29	$	327.0	$	118.3	$	324.2	$	106.1

The weighted average amortization period of the acquired intangible assets subject to amortization is approximately 29 years. Amortization expense was approximately $11.4 million, $12.1 million, and $12.7 million for the years ended December 31, 2025, 2024, and 2023, respectively and is recorded within the marketing and administrative expenses line within the Consolidated Statements of Income (Loss). The estimated amortization expense is as follows: 2026 - $11.5 million; 2027 - $11.5 million; 2028 - $11.5 million; 2029 - $11.5 million; 2030 - $11.5 million; and $151.2 million thereafter.