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Acquisitions and Divestitures (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Business Combination, Recognized Asset Acquired and Liability Assumed | As of September 30, 2025, the preliminary allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:
| Total
Current assets, net of cash acquired | $ | 8.2 |
Property, plant and equipment | 8.1 |
Goodwill | 36.9 |
Intangible assets | 44.8 |
Other noncurrent assets | 3.0 |
Total assets acquired | 101.0 |
Current liabilities | (6.5) |
Deferred income taxes | (10.1) |
Other noncurrent liabilities | (2.5) |
Net assets acquired | $ | 81.9 |
As of September 30, 2025, the final allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:
| Total
Current assets, net of cash acquired | $ | 82.3 |
Property, plant and equipment | 51.5 |
Goodwill | 488.6 |
Intangible assets | 412.8 |
Other noncurrent assets | 15.0 |
Total assets acquired | 1,050.2 |
Current liabilities | (50.7) |
Deferred income taxes | (4.6) |
Other noncurrent liabilities | (12.9) |
Net assets acquired(1) | $ | 982.0 |
(1) In January 2025, the Company finalized the purchase price of Mott, resulting in a reduction to the purchase price of $4.2 million. Funds were received by the Company in January 2025.
Schedule of Finite-Lived Intangible Assets Acquired | The acquired intangible assets and weighted average amortization periods are as follows:
| Total |  | Weighted Average Life (in years)
Trade names | $ | 5.3 |  |  | 15
Customer relationships | 21.1 |  |  | 11
Technology | 18.4 |  |  | 12
Acquired intangible assets | $ | 44.8 |  |  |
The acquired intangible assets and weighted average amortization periods are as follows:
| Total |  | Weighted Average Life (in years)
Trade names | $ | 42.0 |  |  | 15
Customer relationships | 269.0 |  |  | 14
Technology | 101.8 |  |  | 13
Acquired intangible assets | $ | 412.8 |  |  |
Summary Of Acquisition Costs And Fair Value Inventory Step-up Charges | A summary of the acquisition costs and the fair value inventory step-up charges recorded in the three and nine months ended September 30, 2025 and 2024 are presented in the following table:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Acquisition costs | $ | 1.9 |  |  | $ | 5.5 |  |  | $ | 4.2 |  |  | $ | 9.3 |
Fair value inventory step-up charges | 0.6 |  |  | 2.1 |  |  | 0.6 |  |  | 4.6 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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