Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 82

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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, Net

The following table provides a reconciliation of changes in goodwill by reportable segment for the period indicated (in millions):CommunicationsClean Energy and InfrastructurePower DeliveryPipeline InfrastructureTotal GoodwillGoodwill, gross, as of December 31, 2024 (a)$546.5 $742.3 $395.4 $629.2 $2,313.4 Accumulated impairment loss (b)— — — (110.3)(110.3)Goodwill, net, as of December 31, 2024 (a)$546.5 $742.3 $395.4 $518.9 $2,203.1 Measurement period adjustments (c)— — 1.8 — 1.8 Goodwill, net, as of March 31, 2025$546.5 $742.3 $397.2 $518.9 $2,204.9 (a)    Recast to reflect segment changes.(b)    Accumulated impairment loss includes the effects of currency translation gains and/or losses.(c)    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.The following table provides a reconciliation of changes in other intangible assets, net, for the period indicated (in millions):Other Intangible Assets, NetCustomer Relationships and BacklogTrade NamesOther (a)TotalOther intangible assets, gross, as of December 31, 2024$1,057.6 $226.1 $76.5 $1,360.2 Accumulated amortization(523.4)(63.1)(46.3)(632.8)Other intangible assets, net, as of December 31, 2024$534.2 $163.0 $30.2 $727.4 Currency translation adjustments— — (0.1)(0.1)Amortization expense(26.3)(5.1)(1.2)(32.6)Other intangible assets, net, as of March 31, 2025$507.9 $157.9 $28.9 $694.7 (a)Consists principally of pre-qualifications and non-compete agreements.During the first quarter of 2025, certain reporting units within the