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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2025
Business Acquisition [Line Items]  
Summary of Assets Acquired and Liabilities Assumed

The preliminary fair values of the net assets at acquisition are set forth as follows:

 

Accounts receivable

$

9.3

 

Inventory

 

25.8

 

Other current assets

 

1.3

 

Property, plant and equipment

 

5.5

 

Other long-term assets

 

2.1

 

Trade name

 

730.0

 

Customer relationship intangible asset

 

32.8

 

Goodwill

 

207.4

 

Accounts payable, accrued expenses and other liabilities

 

(23.3

)

Business acquisition liabilities - short-term

 

(140.0

)

Deferred income taxes

 

(184.3

)

Deferred and other long-term liabilities

 

(10.2

)

Cash purchase price (net of cash acquired)

$

656.4

 

Fair Values of Assets Acquired

The fair values of the net assets at acquisition are set forth as follows:

 

Accounts receivable

$

3.5

 

Inventory

 

11.3

 

Other current assets

 

1.5

 

Other long-term assets

 

5.8

 

Customer relationship intangible asset

 

8.4

 

Goodwill

 

2.8

 

Accounts payable, accrued expenses and other liabilities

 

(6.9

)

Long-term debt

 

(4.4

)

Deferred income taxes

 

(2.1

)

Cash purchase price (net of cash acquired)

$

19.9