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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Other Intangible Assets [Abstract] |
Goodwill | The balance of goodwill by reporting unit and the activity occurring in the past two fiscal years is as follows:
(millions of dollars) |  | Consumer & Specialties |  |  | Engineered Solutions |  |  | Consolidated |
Balance at December 31, 2022 |  | $ | 346.4 |  |  | $ | 568.4 |  |  | $ | 914.8 |
Change in goodwill relating to: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange translation |  |  | (1.2 | ) |  |  | — |  |  |  | (1.2 | )
Total Changes |  | $ | (1.2 | ) |  | $ | — |  |  | $ | (1.2 | )
Balance at December 31, 2023 |  | $ | 345.2 |  |  | $ | 568.4 |  |  | $ | 913.6 |
Change in goodwill relating to: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange translation |  |  | 0.5 |  |  |  | (0.3 | ) |  |  | 0.2 |
Total Changes |  | $ | 0.5 |  |  | $ | (0.3 | ) |  | $ | 0.2 |
Balance at December 31, 2024 |  | $ | 345.7 |  |  | $ | 568.1 |  |  | $ | 913.8 |
Acquired Intangible Assets Subject to Amortization | Acquired intangible assets subject to amortization as of December 31, 2024 and December 31, 2023 were as follows:
|  |  |  | December 31, 2024 |  | December 31, 2023 |
|  |  |  | (in millions of dollars) |  | (in millions of dollars) |
|  | Weighted Average Useful Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |
Tradenames |  |  | 34 |  |  | $ | 221.5 |  |  | $ | 63.0 |  |  | $ | 221.5 |  |  | $ | 59.1 |
Technology |  |  | 13 |  |  |  | 18.8 |  |  |  | 15.1 |  |  |  | 18.8 |  |  |  | 14.2 |
Patents and trademarks |  |  | 19 |  |  |  | 6.4 |  |  |  | 6.4 |  |  |  | 6.4 |  |  |  | 6.4 |
Customer relationships |  |  | 21 |  |  |  | 77.5 |  |  |  | 21.6 |  |  |  | 79.0 |  |  |  | 15.0 |
|  |  | 29 |  |  | $ | 324.2 |  |  | $ | 106.1 |  |  | $ | 325.7 |  |  | $ | 94.7 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
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