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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Estimated useful lives of property, plant and equipment |
|  | Estimated Useful Life
Buildings |  | 25 to 40 years
Machinery and equipment |  | 3 to 10 years
Computer and fixtures |  | 3 to 5 years
Furniture and fixtures |  | 3 to 10 years
Leasehold improvements |  | Lesser of 15 years or the remaining lease term
Estimated useful lives of finite intangible assets | Intangible assets with a finite useful life are amortized on a straight-line basis over their estimated useful lives as follows:
|  | Estimated Useful Life
Existing technology and related patents |  | 1 to 15 years
Customer relationships |  | 5 to 15 years
Trade names |  | 1 to 15 years
Assumptions regarding volatility, expected life, dividend yield and risk-free interest rates | Assumptions regarding volatility, expected term, dividend yield and risk-free interest rates are required for the Black-Scholes model and are presented in the table below:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Risk-free interest rates |  |  | 3.82 | % |  |  | 4.28 | % |  |  | 3.03 | %
Expected life |  | 4.5 years |  |  | 4.5 years |  |  | 4.4 years |
Volatility |  |  | 38 | % |  |  | 37 | % |  |  | 36 | %
Expected dividend yield |  |  | 0.32 | % |  |  | 0.30 | % |  |  | 0.32 | %
Weighted-average fair value per share |  | $ | 21.31 |  |  | $ | 23.02 |  |  | $ | 19.68 |

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- Definition Tabular disclosure of the useful life of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References No definition available. + Details
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- Definition Tabular disclosure of the estimated useful lives for finite-lived intangible assets. + References No definition available. + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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