CELESTICA INC Goodwill & Intangibles Disclosure
| December 31, 2025 | |||||||||||||||||
Cost | Accumulated Amortization and Impairment | Carrying Amount | |||||||||||||||
Goodwill | $ | 388.5 | $ | 55.4 | $ | 333.1 | |||||||||||
Intellectual property | $ | 112.0 | $ | 111.5 | $ | 0.5 | |||||||||||
Other intangible assets | 693.9 | 443.3 | 250.6 | ||||||||||||||
Computer software assets | 314.0 | 298.9 | 15.1 | ||||||||||||||
| $ | 1,119.9 | $ | 853.7 | $ | 266.2 | ||||||||||||
| December 31, 2024 | |||||||||||||||||
Cost | Accumulated Amortization and Impairment | Carrying Amount | |||||||||||||||
Goodwill | $ | 395.9 | $ | 55.4 | $ | 340.5 | |||||||||||
Intellectual property | $ | 112.0 | $ | 111.4 | $ | 0.6 | |||||||||||
Other intangible assets | 693.9 | 403.6 | 290.3 | ||||||||||||||
Computer software assets | 313.3 | 296.2 | 17.1 | ||||||||||||||
| $ | 1,119.2 | $ | 811.2 | $ | 308.0 | ||||||||||||
| Year ended December 31 | |||||||||||
| 2025 | 2024 | ||||||||||
Opening balance | $ | 340.5 | $ | 321.7 | |||||||
Acquisitions through business combinations, foreign exchange and other | (7.4) | 18.8 | |||||||||
Ending balance | $ | 333.1 | $ | 340.5 | |||||||
| Reportable Segment | Amount | ||||||||||
| Capital Equipment reporting unit | ATS | $ | 131.1 | ||||||||
| Aerospace and Defense (A&D) reporting unit | ATS | 66.3 | |||||||||
| PCI Private Limited reporting unit | ATS | 123.8 | |||||||||
| NCS reporting unit | CCS | 11.9 | |||||||||
| $ | 333.1 | ||||||||||
| 2026 | $ | 44.1 | |||
| 2027 | 42.3 | ||||
| 2028 | 37.8 | ||||
| 2029 | 36.3 | ||||
| 2030 | 36.3 | ||||
| Thereafter | 69.4 | ||||
| $ | 266.2 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.