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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following amounts represent the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed from our acquisition of OpSec. The final determination of the fair value of certain assets and liabilities will be completed within the measurement period as required by ASC 805. The purchase price allocation is preliminary, pending our evaluation and determination of post-closing and final working capital adjustments. Potential adjustments made are not expected to be material in relation to the preliminary values presented below:
Net assets acquired (in millions) |  |
Total current assets |  | $ | 36.8 |
Property, plant and equipment |  | 17.3 |
Other assets |  | 9.8 |
Intangible assets |  | 158.3 |
Goodwill |  | 123.1 |
Total assets acquired |  | $ | 345.3 |
Total current liabilities |  | $ | 33.6 |
Other liabilities |  | 41.9 |
Total assumed liabilities |  | $ | 75.5 |
Net assets acquired |  | $ | 269.8 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | Th e amounts allocated to acquired intangible assets, and their associated weighted-average useful lives which were determined based on the period in which the assets are expected to contribute directly or indirectly to our future cash flows, consist of the following:
Intangible Assets (in millions) | Intangible Fair Value |  | Weighted Average Life (in years)
Intellectual property rights | $ | 4.3 |  |  | 9.0
Customer relationships | 115.5 |  |  | 19.3
Developed technology | 36.5 |  |  | 5.7
Backlog | 2.0 |  |  | 0.7
Total acquired intangible assets | $ | 158.3 |  |  |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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