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v3.25.2

Intangible Assets, Net (Details) - USD ($) $ in Millions | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2025 | Dec. 31, 2024 | Aug. 16, 2024
Intangible assets subject to amortization: |  |  |
Intangible assets subject to amortization, Gross Carrying Amount | $ 787.4 | $ 784.6 |
Intangible assets subject to amortization, Accumulated Amortization | (599.5) | (577.4) |
Intangible assets |  |  |
Intangible assets, Gross Carrying Amount | 1,588.2 | 1,584.6 |
Amortization expense for intangible assets | 20.8 |  |
Summary of estimated aggregate amortization expense for each of the succeeding five years and thereafter |  |  |
2025 (remaining six months) | 18.4 |  |
2026 | 29.8 |  |
2027 | 29.1 |  |
2028 | 27.7 |  |
2029 | 25.5 |  |
Thereafter | 57.4 |  |
Total | 187.9 |  |
2024 Acquisitions |  |  |
Intangible assets |  |  |
Intangible assets not subject to amortization |  |  | $ 41.4
Trade names |  |  |
Intangible assets not subject to amortization: |  |  |
Intangible assets not subject to amortization, Gross Carrying Amount | $ 800.8 | 800.0 |
Trade names | 2024 Acquisitions |  |  |
Intangible assets |  |  |
Intangible assets not subject to amortization |  |  | $ 41.4
Customer lists/relationships |  |  |
Intangible assets subject to amortization: |  |  |
Weighted average amortizable life in years | 14 years |  |
Intangible assets subject to amortization, Gross Carrying Amount | $ 755.1 | 753.4 |
Intangible assets subject to amortization, Accumulated Amortization | $ (579.8) | (559.6) |
Backlog of orders |  |  |
Intangible assets subject to amortization: |  |  |
Weighted average amortizable life in years | 7 years 10 months 24 days |  |
Intangible assets subject to amortization, Gross Carrying Amount | $ 22.1 | 21.0 |
Intangible assets subject to amortization, Accumulated Amortization | $ (10.0) | (8.2) |
Other |  |  |
Intangible assets subject to amortization: |  |  |
Weighted average amortizable life in years | 9 years 3 months 18 days |  |
Intangible assets subject to amortization, Gross Carrying Amount | $ 10.2 | 10.2 |
Intangible assets subject to amortization, Accumulated Amortization | $ (9.7) | $ (9.6) |

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- Definition Definition: Amount of amortization for asset, excluding financial asset and goodwill, lacking physical substance with finite life expected to be recognized after fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach). + References No definition available. + Details
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-2 + Details
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- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480265/350-10-S45-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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