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Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Fair Value of Assets Acquired and Liabilities Assumed
The following amounts represent the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed from our acquisition of DLR, pending the finalization of certain tangible assets and liabilities to be completed within the measurement period as required by ASC Topic 805 “Business Combination” (“ASC 805”), and determination of post-closing and final working capital adjustments.
Net assets acquired (in millions)
Accounts receivable, net$20.1 
Inventories, net21.5 
Other current assets9.5 
Property, plant and equipment28.6 
Other non-current assets5.3 
Intangible assets184.4 
Goodwill182.4 
Total assets acquired$451.8 
Total current liabilities$16.2 
Other liabilities44.5 
Total assumed liabilities$60.7 
Net assets acquired$391.1 
The following amounts represent the determination of the fair value of identifiable assets acquired and liabilities assumed from our acquisition of OpSec. The fair value of certain assets and liabilities has been completed as required by ASC 805.
Net assets acquired (in millions)
Total current assets$33.5 
Property, plant and equipment17.3 
Other assets6.9 
Intangible assets155.5 
Goodwill134.3 
Total assets acquired$347.5 
Total current liabilities$37.9 
Other liabilities41.2 
Total assumed liabilities$79.1 
Net assets acquired$268.4 
Schedule of Intangible Assets Acquired
The 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 ValueWeighted Average Life (in years)
Customer relationships$141.0 18.2
Developed technology40.7 5.0
Backlog2.7 0.9
Total acquired intangible assets$184.4 
The 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 ValueWeighted Average Life (in years)
Intellectual property rights$1.5 5.0
Customer relationships115.5 19.3
Developed technology36.5 5.7
Backlog2.0 0.7
Total acquired intangible assets$155.5 
Supplemental Pro Forma Data
The following unaudited pro forma consolidated and combined information assumes that the DLR acquisition was completed on January 1, 2024 and the OpSec 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.
Three Months Ended
Nine Months Ended
September 30,September 30,
(in millions)2025202420252024
Net sales$445.1 $430.9 $1,212.1 $1,216.2 
Net income attributable to common shareholders$58.8 $44.7 $112.5 $109.8