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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Business Combination |
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 |
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived | 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 | $ | 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 |  |  |
Supplemental Pro Forma Data | The following unaudited pro forma Condensed Consolidated information assumes that the acquisition was completed on January 1, 2023. The unaudited pro forma Condensed Consolidated information is provided for illustrative purposes only and is not indicative of our actual Condensed Consolidated results of operations or Condensed Consolidated financial position.
|  |  |  |  | Three Months Ended
|  |  |  |  | March 31,
(in millions) |  |  |  |  |  |  | 2024
Net sales |  |  |  |  |  |  | $ | 347.4 |
Net income attributable to common shareholders |  |  |  |  |  |  | $ | 41.0 |

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