OSHKOSH CORPORATION NOTES OF CONSOLIDATED FINANCIAL STATEMENTS
At December 31, 2025, approximately 78% of the Company’s goodwill and indefinite-lived intangible assets were concentrated within JLG. Assumptions utilized in the impairment analysis are highly judgmental. While the Company currently believes that an impairment of intangible assets within JLG is unlikely, events and conditions that could result in the impairment of these intangibles include a sharp prolonged decline in economic conditions, significantly increased pricing pressure on related margins or other factors leading to reductions in expected long-term sales or profitability. Details of the Company’s purchased intangible assets are as follows (in millions): December 31, 2025 December 31, 2024 Weighted- Average Life Gross Accumulated Amortization Net Gross Accumulated Amortization Net
Amortizable intangible assets: Customer relationships
11.4 $
835.6 $ (638.5) $
197.1 $
829.8 $ (604.6) $
225.2 100.9
Trade names
12.9
120.3 168.9
(25.4) (120.3) (41.1)
94.9 48.6 14.2
120.2 158.9
(19.3) (107.4) (39.8) (27.4) (798.5)
Technology-related Distribution network
8.9
51.5 15.5
39.2 38.3 12.5
55.3
55.3 33.1
Other
2.4
(1.2)
1.2
5.7
1,182.5
(826.5)
356.0
1,197.3
398.8
Non-amortizable trade names
378.8
—
378.8
378.8
—
378.8 777.6
$ 1,561.3 $ (826.5) $
734.8 $ 1,576.1 $ (798.5) $
In 2024, the Company recorded impairment charges for Pratt Miller's trade name and customer relationship intangible assets of $8.8 million and $4.1 million, respectively. These charges were recorded within "Intangible asset impairments" in the Consolidated Statements of Income. Amortization of purchased intangible assets was $59.7 million (including $4.6 million recognized in "Cost of sales" in the Consolidated Statements of Income), $64.9 million (including $10.2 million that was recognized in "Cost of sales" in the Consolidated Statements of Income) and $41.7 million (including $8.9 million that was recognized in "Cost of sales" in the Consolidated Statements of Income) in 2025, 2024 and 2023, respectively. Estimated future amortization expense for purchased intangible assets for the next five years is as follows (in millions): Years: 2026 $ 57.4 2027 57.4 2028 53.2 2029 47.1 2030 45.8
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