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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets

The carrying amounts of the Company’s intangible assets, excluding goodwill, are as follows:

(In millions)						2025												2024
						Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Amortizing intangibles:
Customer relationships						$	309.5					$	(149.7)					$	263.4					$	(128.8)
Patents						7.4						(7.4)						7.2						(7.2)
Technology						10.5						(7.8)						7.5						(7.5)
Trade names						58.6						(11.6)						44.5						(8.1)
Other						3.1						(2.5)						2.8						(2.4)
Total						$	389.1					$	(179.0)					$	325.4					$	(154.0)
Non-amortizing intangibles:
Trade names						41.6						—						41.6						—
Total intangibles						$	430.7					$	(179.0)					$	367.0					$	(154.0)

Schedule of Finite-Lived Intangible Assets

The carrying amounts of the Company’s intangible assets, excluding goodwill, are as follows:

(In millions)						2025												2024
						Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Amortizing intangibles:
Customer relationships						$	309.5					$	(149.7)					$	263.4					$	(128.8)
Patents						7.4						(7.4)						7.2						(7.2)
Technology						10.5						(7.8)						7.5						(7.5)
Trade names						58.6						(11.6)						44.5						(8.1)
Other						3.1						(2.5)						2.8						(2.4)
Total						$	389.1					$	(179.0)					$	325.4					$	(154.0)
Non-amortizing intangibles:
Trade names						41.6						—						41.6						—
Total intangibles						$	430.7					$	(179.0)					$	367.0					$	(154.0)

Schedule of Amortization Expense

Amortization expense for each of the five succeeding years is projected as follows:

(In millions)						2026						2027						2028						2029						2030
						$	24.0					$	22.5					$	21.9					$	20.9					$	20.3

Schedule of Change in the Carrying Amount of Goodwill by Reporting Segment

The change in the carrying amount of goodwill by reportable segment for 2025 and 2024, is as follows:

(In millions)						Water Systems						Energy Systems						Distribution						Consolidated
Balance as of December 31, 2023						$	221.4					$	70.4					$	50.6					$	342.4
Acquisitions						0.8						—						—						0.8
Adjustments to prior year acquisitions						(1.0)						—						—						(1.0)
Foreign currency translation						(3.6)						(0.1)						—						(3.7)
Balance as of December 31, 2024						$	217.6					$	70.3					$	50.6					$	338.5
Acquisitions						55.2						—						—						55.2
Adjustments to prior year acquisitions						0.1						—						—						0.1
Foreign currency translation						4.1						0.2						—						4.3
Balance as of December 31, 2025						$	277.0					$	70.5					50.6						$	398.1

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