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Business Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Fair Values of the Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition for all of the Company's 2023 acquisitions (in millions):
Accounts receivable | $ | 71.5 |
Inventories | 85.7 |
Other current assets | 49.6 |
Property, plant and equipment | 31.9 |
Other non-current assets | 2.8 |
Intangible assets | 602.7 |
Accounts payable | (18.5) |
Other accrued liabilities | (84.0) |
Deferred tax liabilities, net | (132.2) |
Other non-current liabilities | (11.9) |
Goodwill | 608.2 |
Total Estimate of Consideration Transferred, Net of Cash Acquired | $ | 1,205.8 |
Schedule of Balance Sheet Information of the Residential Lighting Business Assets and Liabilities Held for Sale | The following table presents balance sheet information of the residential lighting business' assets and liabilities held for sale as of December 31, 2023:
|  | At December 31,
(in millions) |  | 2023
Cash and cash equivalents |  | $ | — |
Accounts receivable, net |  | 29.8 |
Inventories, net |  | 37.8 |
Other current assets |  | 2.9 |
Assets held for sale - current |  | $ | 70.5 |
Property, Plant, and Equipment, net |  | 1.6 |
Goodwill |  | 63.2 |
Other Intangible assets, net |  | 6.5 |
Other long-term assets |  | 20.6 |
Assets held for sale - non-current |  | $ | 91.9 |
Accounts payable |  | 1.9 |
Accrued salaries, wages and employee benefits |  | 3.5 |
Accrued insurance |  | 3.4 |
Other accrued liabilities |  | 15.8 |
Liabilities held for sale - current |  | $ | 24.6 |
Other Non-Current Liabilities |  | 17.5 |
Liabilities held for sale - non-current |  | $ | 17.5 |

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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