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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of business combinations | The consideration transferred to Marel shareholders on the acquisition date consisted of the following:
(In millions, except per share data and exchange rates) |
JBT shares issued to Marel shareholders | 19.5 |
JBT share price on January 2, 2025 | $ | 124.94 |
Value of JBT shares issued to Marel shareholders | $ | 2,436 |
Cash consideration to Marel shareholders (in €) | € | 927 |
EUR to USD Exchange Rate | 1.0353 €/$
Cash consideration to Marel shareholders (in $) | $ | 959 |
Settlement of Marel debt | $ | 868 |
Settlement of Marel interest rate swaps | $ | 3 |
Fair value of Marel stock options attributable to pre-combination vesting | $ | 6 |
Purchase consideration | $ | 4,272 |
Schedule of assets acquired and liabilities assumed | The following table summarizes the fair values recorded for the assets acquired and liabilities assumed for Marel:
(In millions) | Preliminary Purchase Price Allocation |  | Measurement Period Adjustments(1) |  | Final Purchase Price Allocation
Financial assets | $ | 402 |  |  | $ | — |  |  | $ | 402 |
Inventories | 344 |  |  | (2) |  |  | 342 |
Property, plant and equipment | 493 |  |  | 61 |  |  | 554 |
Right-of-use assets | 42 |  |  | (5) |  |  | 37 |
Customer relationship | 1,570 |  |  | (410) |  |  | 1,160 |
Acquired technology | 410 |  |  | (40) |  |  | 370 |
Trademarks | 260 |  |  | (30) |  |  | 230 |
Deferred taxes | (515) |  |  | 112 |  |  | (403) |
Financial liabilities | (630) |  |  | (26) |  |  | (656) |
Total identifiable net assets | $ | 2,376 |  |  | $ | (340) |  |  | $ | 2,036 |
Purchase consideration | $ | 4,272 |  |  | $ | — |  |  | $ | 4,272 |
Noncontrolling interest (2) | $ | 86 |  |  | $ | — |  |  | $ | 86 |
Goodwill | $ | 1,982 |  |  | $ | 340 |  |  | $ | 2,322 |
(1) In the measurement period, the Company recorded measurement period adjustments to the purchase price allocation as it obtained information and completed its valuation of certain assets and liabilities. The impact of these adjustments was reflected as a net increase in goodwill. (2) The Company acquired 97.5% of the equity interests of Marel and recognized a non-controlling interest in Marel on the acquisition date. The non-controlling interest was recognized at fair value, which was estimated based upon the trading price of the Company’s common stock on the acquisition date and the types of consideration that non-controlling interest holders were eligible to receive. The Company subsequently acquired the remaining 2.5% of Marel’s equity interests, as described above.

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