GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

The balances, net of impairment, and changes in the carrying amount of goodwill were as follows:


	Dx		BLS		Total

Beginning Balance at December 31, 2025	$	5,434.8	$	1,354.7	$	6,789.5
Goodwill acquired, excluding measurement period adjustments	146.6		—		146.6



Foreign currency impact and other adjustments to goodwill	28.1		(9.0)		19.1
Ending Balance at March 31, 2026	$	5,609.5	$	1,345.7	$	6,955.2

During the three months ended March 31, 2026 and 2025, the Company did not record a goodwill or intangible asset impairment charge.

The cumulative goodwill impairment for the Company as of March 31, 2026, and December 31, 2025, was $648.5 and primarily represents the goodwill of the Company’s ED reporting unit within the BLS segment.

The components of identifiable intangible assets were as follows:


				March 31, 2026						December 31, 2025
	Range of Useful Lives (in Years)			Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets:
Customer relationships	10	-	36	$	4,615.8	$	(1,850.7)	$	2,765.1	$	4,525.3	$	(1,816.3)	$	2,709.0
Patents, licenses, and technology	3	-	15	546.8		(344.5)		202.3		548.7		(337.5)		211.2
Non-compete agreements	3	-	5	221.3		(114.7)		106.6		213.5		(108.0)		105.5
Other	1	-	15	40.1		(30.6)		9.5		40.0		(28.9)		11.1
Total definite-lived intangible assets				$	5,424.0	$	(2,340.5)	$	3,083.5	$	5,327.5	$	(2,290.7)	$	3,036.8

Indefinite-lived intangible assets:
Canadian and other licenses				$	552.6	N/A		$	552.6	$	559.2	N/A		$	559.2


Total intangible assets				$	5,976.6	$	(2,340.5)	$	3,636.1	$	5,886.7	$	(2,290.7)	$	3,596.0

Amortization of intangible assets was $75.6 and $69.6 for the three months ended March 31, 2026, and 2025, respectively. The amortization expense of intangible assets is estimated to be $223.0 for the remainder of 2026, $287.8 in 2027, $280.2 in 2028, $267.0 in 2029, $258.7 in 2030, and $1,766.8 thereafter.

LABCORP HOLDINGS INC. 10-Q