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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Allocation of Aggregate Purchase Price of Acquired Net Assets | The following table represents the allocation of the purchase price for the net assets of the FARO and Kern acquisitions based on the estimated fair values at acquisition (in millions):
| FARO |  | Kern |  | Total
Property, plant and equipment | $ | 23.1 |  |  | $ | 10.8 |  |  | $ | 33.9 |
Goodwill | 470.3 |  |  | 60.2 |  |  | 530.5 |
Other intangible assets | 447.9 |  |  | 52.8 |  |  | 500.7 |
Convertible debt(1) | (90.0) |  |  | — |  |  | (90.0) |
Deferred income taxes | (71.0) |  |  | (17.2) |  |  | (88.2) |
Net working capital and other(2) | 243.4 |  |  | 6.4 |  |  | 249.8 |
Total purchase price | $ | 1,023.7 |  |  | $ | 113.0 |  |  | $ | 1,136.7 |
Less: Acquisition date fair value of cash acquired & convertible debt assumed | (194.6) |  |  | — |  |  | (194.6) |
Less: Acquisition date fair value of contingent payment liability | — |  |  | (8.9) |  |  | (8.9) |
Total cash paid | $ | 829.1 |  |  | $ | 104.1 |  |  | $ | 933.2 |
________________ (1)Acquired $90.0 million of convertible debt, which was converted and paid in the third quarter of 2025. (2)Includes $93.0 million in accounts receivable, whose fair value, contractual cash flows and expected cash flows are approximately equal.

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