v3.25.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes To Goodwill
Changes to goodwill are as follows:
(in millions) Aerospace & ElectronicsProcess Flow TechnologiesTotal
Balance as of December 31, 2024$248.5 $413.1 $661.6 
Acquisition (a)
— 0.2 0.2 
Currency translation 0.1 22.2 22.3 
Balance as of September 30, 2025$248.6 $435.5 $684.1 
(a) For the period ended September 30, 2025, adjustments within the Process Flow Technologies segment of $0.2 million relate to the Technifab final working capital adjustment. See Note 2, “Acquisitions,” in the Notes to the Condensed Consolidated Financial Statements for further information.
Changes To Intangible Assets
Changes to intangible assets are as follows:
(in millions)Nine Months Ended September 30,2025Year Ended December 31, 2024
Balance at beginning of period, net of accumulated amortization$159.9 $87.1 
Additions (a)
— 92.4 
Amortization expense(10.7)(17.6)
Currency translation and other3.5 (2.0)
Balance at end of period, net of accumulated amortization$152.7 $159.9 
(a) For the year ended December 31, 2024, additions of $92.4 million relate to the acquisitions of Vian Enterprises, Inc., CryoWorks, Inc. and Technifab.
Summary Of Intangible Assets
A summary of intangible assets are as follows:
September 30, 2025December 31, 2024
(dollars in millions)
Weighted Average
Amortization Period of Definite Lived Assets (in years)		Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights16.4$82.0 $44.3 $37.7 $79.8 $42.4 $37.4 
Customer relationships and backlog20.5194.6 81.2 113.4 191.0 70.2 120.8 
Drawings40.011.1 10.9 0.2 11.1 10.8 0.3 
Other25.938.4 37.0 1.4 37.9 36.5 1.4 
Total20.8$326.1 $173.4 $152.7 $319.8 $159.9 $159.9 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Future amortization expense associated with intangible assets is expected to be:
(in millions)
Remainder of 2025$3.2 
202612.2 
202711.5 
202810.3 
202910.3 
2030 and after82.2