MasterBrand, Inc. Goodwill & Intangibles Disclosure
| (U.S. Dollars presented in millions) | Total Goodwill | |||||||
Balance at December 31, 2023 | $ | 925.1 | ||||||
| Supreme acquisition | 203.4 | |||||||
2024 translation adjustments | (2.7) | |||||||
Balance at December 29, 2024 | $ | 1,125.8 | ||||||
2025 translation adjustments | 1.7 | |||||||
Balance at December 28, 2025 | $ | 1,127.5 | ||||||
As of December 28, 2025 | As of December 29, 2024 | |||||||||||||||||||||||||||||||||||||
| (U.S. Dollars presented in millions) | Gross Carrying Amounts | Accumulated Amortization | Net Book Value | Gross Carrying Amounts | Accumulated Amortization | Net Book Value | ||||||||||||||||||||||||||||||||
Indefinite-lived tradenames(a) | $ | 268.1 | $ | — | $ | 268.1 | $ | 266.1 | $ | — | $ | 266.1 | ||||||||||||||||||||||||||
| Amortizable intangible assets | ||||||||||||||||||||||||||||||||||||||
| Tradenames | 10.3 | (10.3) | — | 10.0 | (10.0) | — | ||||||||||||||||||||||||||||||||
Customer and contractual relationships (a) | 536.8 | (257.2) | 279.6 | 535.4 | (230.2) | 305.2 | ||||||||||||||||||||||||||||||||
| Patents/proprietary technology | 11.0 | (11.0) | — | 11.0 | (11.0) | — | ||||||||||||||||||||||||||||||||
| Total | 558.1 | (278.5) | 279.6 | 556.4 | (251.2) | 305.2 | ||||||||||||||||||||||||||||||||
| Total identifiable intangibles | $ | 826.2 | $ | (278.5) | $ | 547.7 | $ | 822.5 | $ | (251.2) | $ | 571.3 | ||||||||||||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Unobservable Input | Min | Max | Wtd Avg(a) | Min | Max | Wtd Avg(a) | Min | Max | Wtd Avg(a) | ||||||||||||||||||||||||||||||||||||||||||||
| Discount rate | 10.0 | % | 10.0 | % | 10.0 | % | 12.0 | % | 12.0 | % | 12.0 | % | 10.5 | % | 11.0 | % | 10.8 | % | |||||||||||||||||||||||||||||||||||
| Royalty rate(b) | 3.0 | % | 4.0 | % | 2.5 | % | 3.0 | % | 4.0 | % | 3.6 | % | 3.0 | % | 4.0 | % | 3.6 | % | |||||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 27, 2024 | |
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.