Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 2358

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 6
Chunk 2358
---
 its common stock in connection with this acquisition.  See Note 3 - Acquisitions, Goodwill and Other Intangible Assets, Net for additional information.

71

Note 3 – Acquisitions, Goodwill and Other Intangible Assets, Net 

The following table provides a reconciliation of changes in goodwill by reportable segment for the periods indicated (in millions):CommunicationsClean Energy and InfrastructurePower DeliveryPipeline InfrastructureTotal GoodwillGoodwill, gross, as of December 31, 2022$606.1 $703.3 $270.1 $582.2 $2,161.7 Accumulated impairment loss (a)— — — (116.7)(116.7)Goodwill, net, as of December 31, 2022$606.1 $703.3 $270.1 $465.5 $2,045.0 Additions from new business combinations41.4 — — — 41.4 Measurement period adjustments (b)(0.6)38.7 0.7 0.8 39.6 Currency translation adjustments— — — 0.4 0.4 Goodwill, net, as of December 31, 2023$646.9 $742.0 $270.8 $466.7 $2,126.4 Additions from new business combinations— 0.3 23.5 53.4 77.2 Measurement period adjustments0.7 — — — 0.7 Currency translation adjustments— — — (1.2)(1.2)Goodwill, net, as of December 31, 2024$647.6 $742.3 $294.3 $518.9 $2,203.1 Accumulated impairment loss (a)— — — (110.3)(110.3)Goodwill, gross, as of December 31, 2024$647.6 $742.3 $294.3 $629.2 $2,313.4 (a)    Accumulated impairment loss includes the effects of currency translation gains and/or losses.(b)    Measurement period adjustments represent adjustments, net, to preliminary estimates of fair value within the measurement period of up to one year from the date of acquisition.  Measurement period