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Acquisitions - Svanehoj (Details) $ in Millions |  | 11 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jan. 19, 2024 USD ($) Employees | Dec. 31, 2024 USD ($) | Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($)
Business Acquisition [Line Items] |  |  |  |  |  |
Goodwill(a) |  |  | $ 1,430.1 | $ 1,430.1 | $ 1,016.3 | $ 964.8
Net assets acquired |  |  |  | 864.8 | $ 79.3 | $ 146.9
Goodwill, Measurement Period Adjustment |  |  |  | 0.6 |  |
Svanehoj |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Cash Acquired from Acquisition |  |  |  | 28.0 |  |
Entity Number of Employees | Employees |  | 400 |  |  |  |
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period |  | $ 148.0 |  |  |  |
Receivables |  | 22.4 |  |  |  |
Inventory | [1] | 39.5 |  |  |  |
Plant, property and equipment |  | 19.1 |  |  |  |
Goodwill(a) | [1],[2] | 215.6 |  |  |  |
Other intangible assets | [1] | 212.6 |  |  |  |
Other assets |  | 9.0 |  |  |  |
Accounts payable and accrued liabilities |  | (28.0) |  |  |  |
Other liabilities | [1] | (52.8) |  |  |  |
Contract liabilities |  | $ (29.8) |  |  |  |
Net assets acquired |  |  |  | $ 407.6 |  |
Goodwill, Measurement Period Adjustment |  |  | (13.7) |  |  |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles |  |  | (13.4) |  |  |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Liabilities |  |  | 1.5 |  |  |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory |  |  | $ (1.1) |  |  |
[1] | The purchase price allocation of Svanehøj was updated subsequent to the preliminary allocation in Q1 2024, including an increase to goodwill of $13.7 and a decrease to intangible assets, other liabilities and inventory of $13.4, $1.5 and $1.1, respectively. There was no material impact to the income statement for any period resulting from the change.
[2] | Goodwill related to the acquisition of Svanehøj is primarily attributable to future economic benefits expected from our entrance into the marine sector, our expanded presence in the energy market, and geographic expansion. Goodwill arising from acquisitions is not expected to be deductible for income tax purposes.

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