Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 85

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 85
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 17.5 Adjustment for sale of business (2)(59.5)(8.7)(68.2)Foreign currency translation of non-USD functional currency subsidiary goodwill(1.9)(3.8)(5.6)As of December 31, 2024$354.4 $827.3 $1,181.7 (1)During the years ended December 31, 2024 and 2023, we completed acquisitions that did not have a material impact on our Consolidated Financial Statements.(2)See Note 3. Acquisitions and Divestitures for additional information. 

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Table of Contents

Identifiable Intangible AssetsThe following table provides information about our identifiable intangible assets (in millions):As of December 31, 2024As of December 31, 2023GrossCarryingAmountAccumulatedAmortization (1)NetGrossCarryingAmountAccumulatedAmortization (1)NetIntangible assets subject to amortization:Customer relationships$504.1 $339.8 $164.3 $512.4 $322.6 $189.8 Supplier agreements69.0 35.4 33.6 69.0 30.2 38.8 Others43.5 25.1 18.4 55.2 34.6 20.6 Total intangible assets subject to amortization616.6 400.3 216.3 636.5 387.4 249.2 Intangible assets not subject to amortization:Trademark / trade name rights44.9 — 44.9 50.5 — 50.5 Total intangible assets$661.5 $400.3 $261.2 $687.1 $387.4 $299.7 (1)Includes the impact of foreign exchange.Intangible amortization expense for 2024, 2023 and 2022 was $34.1 million, $36.2 million and $43.4 million, respectively.The future estimated amortization of our identifiable intangible assets is as follows (in millions):Year Ended December 31,2025$32.8 202628.3 202723.8 202821.4 202921.1 Thereafter88.9 Total$216.3 

7. Supplier Finance Programs