Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by business segment were as follows:


(In millions)	JBT		Marel		Total
Balance as of December 31, 2024	$	769.1	$	—	$	769.1
Acquisitions	—		2,310.1		2,310.1
Currency translation	23.2		316.8		340.0
Balance as of September 30, 2025	$	792.3	$	2,626.9	$	3,419.2

Schedule of finite-lived intangible assets

Intangible assets consisted of the following:


	September 30, 2025				December 31, 2024
(In millions)	Carrying Amount		Accumulated Amortization		Carrying Amount		Accumulated Amortization
Customer relationship	$	1,692.1	$	257.2	$	421.3	$	170.6
Patents and acquired technology	590.4		156.2		169.8		123.1
Trademarks	313.6		30.3		53.2		20.0
Non-amortizing intangible assets	10.7		—		10.3		—
Other	10.9		10.7		8.6		8.6
Total intangible assets	$	2,617.7	$	454.4	$	663.2	$	322.3

Schedule of indefinite-lived intangible assets

Intangible assets consisted of the following:


	September 30, 2025				December 31, 2024
(In millions)	Carrying Amount		Accumulated Amortization		Carrying Amount		Accumulated Amortization
Customer relationship	$	1,692.1	$	257.2	$	421.3	$	170.6
Patents and acquired technology	590.4		156.2		169.8		123.1
Trademarks	313.6		30.3		53.2		20.0
Non-amortizing intangible assets	10.7		—		10.3		—
Other	10.9		10.7		8.6		8.6
Total intangible assets	$	2,617.7	$	454.4	$	663.2	$	322.3

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

JBT Marel Corp 10-Q