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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2023 and 2022 are as follows:

			Sealing Technologies						Advanced Surface Technologies						Total
			(in millions)
Goodwill as of December 31, 2021			$	279.4					$	668.6					$	948.0
Foreign currency translation			(2.6)						(10.9)						(13.5)
Acquisition			—						0.5						0.5
Disposition			(6.0)						—						(6.0)
Impairment			—						(65.2)						(65.2)
Goodwill as of December 31, 2022			270.8						593.0						863.8
Foreign currency translation			5.4						—						5.4
Impairment			—						(60.8)						$	(60.8)
Goodwill as of December 31, 2023			$	276.2					$	532.2					$	808.4

Schedule of Finite-lived Intangible Assets

Identifiable intangible assets are as follows:

			As of December 31, 2023												As of December 31, 2022
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
			(in millions)
Amortized:
Customer relationships			$	486.6					$	184.8					$	484.5					$	157.6
Existing technology			465.2						106.1						463.7						71.3
Trademarks			64.9						29.6						64.8						24.0
Other			27.4						20.9						36.4						27.3
			1,044.1						341.4						1,049.4						280.2
Indefinite-Lived:
Trademarks			30.8						—						30.6						—
Total			$	1,074.9					$	341.4					$	1,080.0					$	280.2

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are as follows:

			As of December 31, 2023												As of December 31, 2022
			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
			(in millions)
Amortized:
Customer relationships			$	486.6					$	184.8					$	484.5					$	157.6
Existing technology			465.2						106.1						463.7						71.3
Trademarks			64.9						29.6						64.8						24.0
Other			27.4						20.9						36.4						27.3
			1,044.1						341.4						1,049.4						280.2
Indefinite-Lived:
Trademarks			30.8						—						30.6						—
Total			$	1,074.9					$	341.4					$	1,080.0					$	280.2

Schedule of Estimated Amortization Expense of Intangible Assets

The estimated amortization expense for definite-lived (amortized) intangible assets for the next five years is as follows (in millions):

2024			$	69.1
2025			$	68.1
2026			$	64.5
2027			$	64.0
2028			$	63.4

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