Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets. The excess of the Company’s reorganization value over the fair value of identified tangible and intangible assets as of the August 11, 2023, the effective date of the Company's 2023 restructuring proceedings is reported separately on the Company’s Condensed Consolidated Statement of Financial Position as goodwill. In accordance with the Company's accounting policy, goodwill and intangibles are tested for impairment annually during the fourth quarter or earlier if a triggering event is identified. The changes in the carrying amount of goodwill for the three months ended March 31, 2025:


	Banking		Retail		Total
Goodwill, balance at January 1, 2025	$	448.4	$	138.0	$	586.4
Currency translation adjustment	13.3		4.2		17.5
Goodwill, balance at March 31, 2025	$	461.7	$	142.2	$	603.9

The following summarizes information on Intangible assets by major category:


		March 31, 2025						December 31, 2024
	Weighted-average remaining useful lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	15.9 years	$	541.8	$	(50.5)	$	491.3	$	523.8	$	(41.1)	$	482.7

Trademarks and trade names	17.0 years	117.3		(10.3)		107.0		114.5		(8.5)		106.0
Capitalized software development	3.1 years	43.0		(8.8)		34.2		46.9		(6.1)		40.8
Technology know-how and development costs non-software	4.6 years	190.8		(50.3)		140.5		186.2		(41.3)		144.9
Other intangibles	< 1.0 year	49.9		(38.9)		11.0		38.3		(34.1)		4.2
Other intangible assets, net		401.0		(108.3)		292.7		385.9		(90.0)		295.9
Total		$	942.8	$	(158.8)	$	784.0	$	909.7	$	(131.1)	$	778.6

The Company's total amortization expense, excluding that related to deferred financing costs, was $25.4 and 26.4 for the three months ended March 31, 2025 and 2024, respectively.

DIEBOLD NIXDORF, Inc 10-Q