Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 84

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 84
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 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 acquisitions20.1 0.3 — 20.4 Foreign currency exchange rate changes28.8 8.5 13.9 51.2 Ending balance, June 30, 2025$848.2 $1,355.8 $1,147.7 $3,351.7 The components of intangible assets are as follows:As ofJune 30, 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$791.9 $— $791.9 $789.7 $— $789.7 Customer relationships9 - 201,525.3 (529.2)996.1 1,502.4 (476.4)1,026.0 Distribution agreements8 - 1940.0 (29.2)10.8 29.2 (27.7)1.5 Trademarks5 and 1215.5 (12.9)2.6 15.5 (11.7)3.8 Software716.0 (2.3)13.7 16.0 (1.1)14.9 $2,388.7 $(573.6)$1,815.1 $2,352.8 $(516.9)$1,835.9 (1)    Excludes the original cost and related accumulated amortization of fully-amortized intangible assets.Amortization expense related to intangible assets totaled $22.3 million and $21.9 million for the three months ended June 30, 2025 and 2024, respectively, and $44.5