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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Business Acquisitions, by Acquisition |
Net assets acquired (in millions) |  |
Total current assets |  | $ | 33.6 |
Property, plant and equipment |  | 17.3 |
Other assets |  | 6.9 |
Intangible assets |  | 155.5 |
Goodwill |  | 133.7 |
Total assets acquired |  | $ | 347.0 |
Total current liabilities |  | $ | 37.4 |
Other liabilities |  | 41.2 |
Total assumed liabilities |  | $ | 78.6 |
Net assets acquired |  | $ | 268.4 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination |
Intangible Assets (dollars in millions) | Intangible Fair Value |  | Weighted Average Life
Intellectual property rights | $ | 1.5 |  |  | 5.0
Customer relationships | 115.5 |  |  | 19.3
Developed technology | 36.5 |  |  | 5.7
Backlog | 2.0 |  |  | 0.7
Total acquired intangible assets | $ | 155.5 |  |  |
Schedule of Pro Forma Information | The following unaudited pro forma consolidated and combined information assumes that the acquisition was completed on January 1, 2023. The unaudited pro forma consolidated and combined information is provided for illustrative purposes only and is not indicative of our actual consolidated and combined results of operations or consolidated financial position.
(in millions) For the year ended December 31, |  | 2024 |  | 2023 |  |
Net sales |  | $ | 1,532.0 |  |  | $ | 1,507.7 |  |  |
Net income attributable to common shareholders |  | $ | 199.7 |  |  | $ | 161.1 |  |  |

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