Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 186

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 3
Chunk 186
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Note 3 – Acquisitions, Goodwill and Other Intangible Assets, 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)— 3.4 1.8 0.7 5.9 Currency translation adjustments— — — 3.8 3.8 Goodwill, net, as of June 30, 2025$546.5 $745.7 $397.2 $523.4 $2,212.8 (a)    Recast to reflect first quarter of 2025 segment changes.  See Note 11 – Segments and Related Information for additional information.(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 adjustments1.4 0.1 0.7 2.2 Amortization expense(52.5)(10.3)(2.5)(65.3)Other intangible assets, net,