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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Net Carrying Value of Goodwill by Reportable Segment

The changes in the net carrying value of goodwill by reportable segment for the nine months ended September 30, 2023, are as follows:

			Sealing Technologies						Advanced Surface Technologies						Total
			(in millions)
Goodwill as of December 31, 2022			$	270.8					$	593.0					$	863.8
Impairment			—						(60.8)						(60.8)
Foreign currency translation			2.2						—						2.2
Goodwill as of September 30, 2023			$	273.0					$	532.2					$	805.2

Schedule of Finite-Lived Intangible Assets

Identifiable intangible assets are as follows:

			September 30, 2023												December 31, 2022
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
			(in millions)
Amortized:
Customer relationships			$	485.2					$	177.4					$	484.5					$	157.6
Existing technology			464.7						97.3						463.7						71.3
Trademarks			64.6						27.9						64.8						24.0
Other			27.6						20.7						36.4						27.3
			1,042.1						323.3						1,049.4						280.2
Indefinite-Lived:
Trademarks			30.8						—						30.6						—
Total			$	1,072.9					$	323.3					$	1,080.0					$	280.2

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are as follows:

			September 30, 2023												December 31, 2022
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
			(in millions)
Amortized:
Customer relationships			$	485.2					$	177.4					$	484.5					$	157.6
Existing technology			464.7						97.3						463.7						71.3
Trademarks			64.6						27.9						64.8						24.0
Other			27.6						20.7						36.4						27.3
			1,042.1						323.3						1,049.4						280.2
Indefinite-Lived:
Trademarks			30.8						—						30.6						—
Total			$	1,072.9					$	323.3					$	1,080.0					$	280.2

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