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Goodwill and Other Intangibles, Net (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

The following table provides information related to the carrying value of intangible assets with a useful life:

 

March 31, 2024

 

 

 

 

December 31, 2023

 

 

Gross

 

 

 

 

 

 

 

 

Amortization

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

 

 

 

Period

 

Carrying

 

 

Accumulated

 

 

 

 

 

 

 

 

Amount

 

 

Amortization

 

 

Net

 

 

(Years)

 

Amount

 

 

Amortization

 

 

Impairments

 

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Names

$

1,385.2

 

 

$

(422.6

)

 

$

962.6

 

 

3-20

 

$

1,385.5

 

 

$

(403.5

)

 

$

0.0

 

 

$

982.0

 

Customer Relationships

 

641.4

 

 

 

(381.6

)

 

 

259.8

 

 

15-20

 

 

644.9

 

 

 

(373.3

)

 

 

(3.5

)

 

 

268.1

 

Patents/Formulas

 

208.3

 

 

 

(121.1

)

 

 

87.2

 

 

4-20

 

 

208.3

 

 

 

(116.1

)

 

 

(1.9

)

 

 

90.3

 

Total

$

2,234.9

 

 

$

(925.3

)

 

$

1,309.6

 

 

 

 

$

2,238.7

 

 

$

(892.9

)

 

$

(5.4

)

 

$

1,340.4

 

Indefinite Lived Intangible Assets

The following table presents the carrying value of indefinite lived intangible assets:

 

March 31,

 

 

December 31,

 

 

2024

 

 

2023

 

Trade Names

$

1,961.5

 

 

$

1,961.9

 

Carrying Amount of Goodwill

The carrying amount of goodwill is as follows:

 

Consumer

 

 

Consumer

 

 

Specialty

 

 

 

 

 

Domestic

 

 

International

 

 

Products

 

 

Total

 

Balance at December 31, 2023

$

2,061.1

 

 

$

234.4

 

 

$

136.0

 

 

$

2,431.5

 

Balance at March 31, 2024

$

2,061.1

 

 

$

234.4

 

 

$

136.0

 

 

$

2,431.5