Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 129

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 129
---
As of December 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountTechnology (i)$10.0 $10.0 $— Customer relationships (ii)54.2 19.0 35.2 Marketing (ii)1.3 1.0 0.3 Total$65.5 $30.0 $35.5 As of December 31, 2023Gross Carrying AmountAccumulated AmortizationNet Carrying AmountTechnology (i)$10.0 $8.1 $1.9 Customer relationships (ii)54.2 14.1 40.1 Marketing (ii)1.3 0.6 0.7 Total$65.5 $22.8 $42.7 (i) Amortization expense is included within cost of revenue - technology in the consolidated statements of income (loss).(ii) Amortization expense is included within selling, general and administrative expense in the consolidated statements of income (loss).Amortization expense was $7.2 million, $9.7 million and $10.1 million for the years ended December 31, 2024, 2023 and 2022, respectively.

70

The future amortization relating to acquired intangible assets at December 31, 2024 was estimated as follows:YearFuture Amortization Expense2025$4.3 20264.0 20274.0 20284.0 20294.0 Thereafter15.2 Total$35.5 

Note 15 — Debt

Long-term debt is comprised of the following:As of December 31,202420236.875% senior secured notes due November 1, 2027 (Face value of $485.0 million less unamortized issuance costs of $3.4 million and $4.6 million at December 31, 2024 and 2023, respectively)$481.6 $480.4 Finance leases2.8 0.3 Other debt8.8 23.5 Total493.2 504.2 Less – current maturities5.0 13.0 Total long-term debt$488.2 $491.2 Long-term debt is carried at amortized cost and its estimated fair value is based on market prices classified as Level