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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Segment results for the year ended December 31, 2025 were:
| Total |  | Test and Measurement |  | Sensors and Safety Systems |  | Unallocated Corporate Costs and Other (a)
Sales | $ | 2,068.8 |  |  | $ | 801.5 |  |  | $ | 1,267.3 |  |  | $ | — |
Cost of sales | (1,028.5) |  |  | (357.7) |  |  | (670.8) |  |  | — |
Operating expenses | (781.6) |  |  | (467.5) |  |  | (255.4) |  |  | (58.7) |
Goodwill impairment | (1,441.7) |  |  | (1,441.7) |  |  | — |  |  | — |
Operating (loss) profit | (1,183.0) |  |  | (1,465.4) |  |  | 341.1 |  |  | (58.7) |
Non-operating (expense) income, net |  |  |  |  |  |  |
Interest (expense) income, net | (32.3) |  |  | (0.3) |  |  | 0.6 |  |  | (32.6) |
Other non-operating expenses, net | (1.1) |  |  | (0.3) |  |  | (0.2) |  |  | (0.6) |
(Loss) earnings before income taxes | $ | (1,216.4) |  |  | $ | (1,466.0) |  |  | $ | 341.5 |  |  | $ | (91.9) |
Depreciation and amortization expenses | $ | (115.5) |  |  | $ | (101.6) |  |  | $ | (13.8) |  |  | $ | (0.1) |
Capital expenditures | $ | (39.2) |  |  | $ | (18.9) |  |  | $ | (15.8) |  |  | $ | (4.5) |
(a) Amounts primarily related to standalone public company costs and the stock-based compensation modification.
Segment results for the year ended December 31, 2024 were:
| Total |  | Test and Measurement |  | Sensors and Safety Systems |  | Unallocated Corporate Costs and Other
Sales | $ | 2,154.7 |  |  | $ | 937.5 |  |  | $ | 1,217.2 |  |  | $ | — |
Cost of sales | (1,042.6) |  |  | (383.3) |  |  | (659.3) |  |  | — |
Operating expenses | (715.6) |  |  | (494.5) |  |  | (221.1) |  |  | — |
Gain from sale of property (a) | 63.1 |  |  | 63.1 |  |  | — |  |  | — |
Operating profit | 459.6 |  |  | 122.8 |  |  | 336.8 |  |  | — |
Non-operating expense, net |  |  |  |  |  |  |
Loss from divestiture | (25.6) |  |  | — |  |  | (25.6) |  |  | — |
Other non-operating expenses, net | (1.4) |  |  | (0.7) |  |  | (0.7) |  |  | — |
Earnings before income taxes | $ | 432.6 |  |  | $ | 122.1 |  |  | $ | 310.5 |  |  | $ | — |
Depreciation and amortization expenses | $ | (113.0) |  |  | $ | (98.4) |  |  | $ | (14.6) |  |  | $ | — |
Capital expenditures | $ | (34.3) |  |  | $ | (21.1) |  |  | $ | (13.2) |  |  | $ | — |
Segment results for the year ended December 31, 2023 were:
| Total |  | Test and Measurement |  | Sensors and Safety Systems |  | Unallocated Corporate Costs and Other
Sales | $ | 2,155.7 |  |  | $ | 941.3 |  |  | $ | 1,214.4 |  |  | $ | — |
Cost of sales | (1,036.0) |  |  | (366.3) |  |  | (669.7) |  |  | — |
Operating expenses | (607.9) |  |  | (383.9) |  |  | (224.0) |  |  | — |
Operating profit | 511.8 |  |  | 191.1 |  |  | 320.7 |  |  | — |
Non-operating expense, net |  |  |  |  |  |  |
Other non-operating expenses, net | (2.0) |  |  | (0.9) |  |  | (1.1) |  |  | — |
Earnings before income taxes | $ | 509.8 |  |  | $ | 190.2 |  |  | $ | 319.6 |  |  | $ | — |
Depreciation and amortization expenses | $ | (30.7) |  |  | $ | (15.1) |  |  | $ | (15.6) |  |  | $ | — |
Capital expenditures | $ | (29.2) |  |  | $ | (16.3) |  |  | $ | (12.9) |  |  | $ | — |
Segment Assets
| As of December 31, |  |
| 2025 |  | 2024 |  |
Test and measurement | $ | 2,149.3 |  |  | $ | 3,447.7 |  |  |
Sensors and safety systems | 1,306.4 |  |  | 1,256.7 |  |  |
Total segment assets | 3,455.7 |  |  | 4,704.4 |  |  |
Other (a) | 365.9 |  |  | 15.0 |  |  |
Total assets | $ | 3,821.6 |  |  | $ | 4,719.4 |  |  |
(a) Other represents corporate assets which consist primarily of cash and net deferred income tax assets. |  |
Schedule of Operations in Geographical Areas | Operations in Geographic Areas
| As of December 31, |  |
| 2025 |  | 2024 |  |
Property, plant and equipment, net: |  |  |  |  |
United States | $ | 154.7 |  |  | $ | 153.0 |  |  |
All other | 59.5 |  |  | 47.2 |  |  |
Total | $ | 214.2 |  |  | $ | 200.2 |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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