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Acquisitions (Tables)
 9 Months Ended
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):
FAROKernTotal
Property, plant and equipment$23.1 $10.8 $33.9 
Goodwill470.3 60.2 530.5 
Other intangible assets447.9 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 
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(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.