Goodwill and other intangible assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill, by Reporting Segment

Changes in the carrying amount of goodwill, by reportable operating segment, for the years ended December 31, 2024 and 2023 were as follows:

	Americas		EMEA		Asia		Total
Balance as of December 31, 2022
Goodwill	$	1,843,103	$	468,524	$	225,103	$	2,536,730
Goodwill related to acquisitions	333,462		4,284		19,279		357,025
Translation and other adjustments	3,517		14,936		1,847		20,300
Balance as of December 31, 2023	2,180,082		487,744		246,229		2,914,055
Goodwill impairment charge	(240,000)		—		—		(240,000)
Goodwill related to acquisitions	(1,953)		—		—		(1,953)
Translation and other adjustments	(5,360)		(22,255)		(12,173)		(39,788)
Balance as of December 31, 2024	$	1,932,769	$	465,489	$	234,056	$	2,632,314

Components of Intangible Assets

Intangible assets at December 31, 2024 and 2023 consisted of the following:

	Gross Carrying Amount				Accumulated Amortization
	2024		2023		2024		2023
Customer relationships	$	1,354,087	$	1,363,839	$	(620,619)	$	(561,753)
In-process research and development	23,666		27,476		—		—
Intellectual property	1,870,407		1,890,957		(863,066)		(745,094)
Distribution rights	23,004		23,301		(22,524)		(22,048)
Trade names	603,202		610,146		(99,443)		(84,864)
Non-compete agreements	21,894		21,934		(21,894)		(21,934)
	$	3,896,260	$	3,937,653	$	(1,627,546)	$	(1,435,693)

Estimated Annual Amortization Expense

The estimated annual amortization expense for each of the five succeeding years is as follows:

2025	$	189,100
2026	186,300
2027	183,100
2028	179,100
2029	169,900