Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 41

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 41
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 capital, closing cash, and closing indebtedness. The WIS business, located primarily in the U.S. and Canada, was part of the UBS reportable segment and provided products and services to large industrial and commercial end-users to support their maintenance, repair, and operating spend. The Company recognized a gain from the sale of $122.2 million, which was recorded as a component of other (income) expense, net in the Consolidated Statement of Income and Comprehensive Income for the year ended December 31, 2024. 

5. GOODWILL AND INTANGIBLE ASSETS

The following table sets forth the changes in the carrying value of goodwill by reportable segment for the period presented:EESCSSUBSTotal(In millions)Beginning balance, January 1, 2025$799.3 $1,347.0 $1,133.8 $3,280.1 Adjustments to goodwill for acquisitions19.1 0.5 — 19.6 Foreign currency exchange rate changes(0.2)0.3 — 0.1 Ending balance, March 31, 2025$818.2 $1,347.8 $1,133.8 $3,299.8 The components of intangible assets are as follows:As ofMarch 31, 2025December 31, 2024Life (in years)Gross Carrying Amount (1)Accumulated Amortization (1)Net Carrying AmountGross Carrying Amount (1)Accumulated Amortization (1)Net Carrying AmountIntangible assets:(In millions)TrademarksIndefinite$789.7 $— $789.7 $789.7 $— $789.7 Customer relationships9 - 201,508.3 (497.7)1,010.6 1,502.4 (476.4)1,026.0 Distribution agreements8 - 1939.8 (28.5)11.3 29.2 (27.7)1.5 Trademarks5 and 1215.5 (12.3)3.2 15.5 (11.7)3.8 Software716.0 (1.7)14.3 16.0 (1.1)14.9 $2,369.3