Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by reportable segment are as follows:


($ in millions)	One Reportable Segment		Mobility Technologies		Repair Solutions		Environmental & Fueling Solutions		Total
Balance, December 31, 2022	$	1,738.7	$	—	$	—	$	—	$	1,738.7
Reallocation to new segments(a)	(1,738.7)		1,201.5		15.2		522.0		—
Measurement period adjustments for prior year acquisitions	—		1.0		—		—		1.0
Foreign currency translation and other	—		1.5		—		1.2		2.7
Balance, December 31, 2023	—		1,204.0		15.2		523.2		1,742.4
Foreign currency translation and other	—		(7.4)		—		(9.0)		(16.4)
Balance, December 31, 2024	$	—	$	1,196.6	$	15.2	$	514.2	$	1,726.0

(a) During the year ended December 31, 2023, the Company realigned its internal organization resulting in changes to the Company’s reportable segments.

Schedule of Finite-Lived Intangible Assets

The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31:


	2024						2023
($ in millions)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Finite-lived intangibles:
Customer relationships	$	473.0	$	(253.0)	$	220.0	$	477.3	$	(217.5)	$	259.8
Patents and technology	295.6		(156.8)		138.8		299.6		(123.7)		175.9
Trademarks and trade names	57.0		(20.0)		37.0		57.4		(15.6)		41.8
Total finite-lived intangibles	825.6		(429.8)		395.8		834.3		(356.8)		477.5
Indefinite-lived intangibles:
Trademarks and trade names	90.7		—		90.7		90.8		—		90.8
Total intangibles	$	916.3	$	(429.8)	$	486.5	$	925.1	$	(356.8)	$	568.3

Schedule of Indefinite-Lived Intangible Assets

The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31:


	2024						2023
($ in millions)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Finite-lived intangibles:
Customer relationships	$	473.0	$	(253.0)	$	220.0	$	477.3	$	(217.5)	$	259.8
Patents and technology	295.6		(156.8)		138.8		299.6		(123.7)		175.9
Trademarks and trade names	57.0		(20.0)		37.0		57.4		(15.6)		41.8
Total finite-lived intangibles	825.6		(429.8)		395.8		834.3		(356.8)		477.5
Indefinite-lived intangibles:
Trademarks and trade names	90.7		—		90.7		90.8		—		90.8
Total intangibles	$	916.3	$	(429.8)	$	486.5	$	925.1	$	(356.8)	$	568.3

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on the intangible assets recorded as of December 31, 2024, amortization expense is estimated to be as follows for the next five years and thereafter:


($ in millions)
2025	$	75.0
2026	61.4
2027	54.5
2028	45.5
2029	45.3
Thereafter	114.1
Total	$	395.8

- Definition

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

+ References

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+ Details

Vontier Corp 10-K