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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 Estimated Fair Values of the Assets Acquired and Liabilities Assumed | The following table contains the estimated fair values of the assets acquired and liabilities assumed and the estimated intangible asset lives at the date of acquisition for all acquisitions during the periods presented (using inputs discussed in Note A). Of the goodwill included in the table below, none is expected to be deductible for tax purposes.
|  |  |  |  | 2022
Accounts receivable |  |  |  |  | $ | 37.8 |
Inventories |  |  |  |  | 43.0 |
Property, plant and equipment |  |  |  |  | 16.6 |
Goodwill (see Note G) |  |  |  |  | 42.5 |
Other intangible assets (see Note G) |  |  |  |  |
Customer relationships (8 to 15 year life) |  |  |  |  | 22.0 |
Technology (10 year life) |  |  |  |  | 11.3 |
Trademarks and trade names (8 to 15 year life) |  |  |  |  | 7.1 |
Non-compete agreements (5 year life) |  |  |  |  | .2 |
Other current and long-term assets |  |  |  |  | 9.1 |
Current liabilities |  |  |  |  | (54.7) |
Deferred income taxes |  |  |  |  | (17.7) |
Other long-term liabilities |  |  |  |  | (5.0) |
Fair value of net identifiable assets |  |  |  |  | 112.2 |
Less: additional consideration (receivable) |  |  |  |  | (1.3) |
Less: additional contingent consideration payable |  |  |  |  | 30.2 |
Net cash consideration |  |  |  |  | $ | 83.3 |
Schedule of Acquisitions | The following table summarizes acquisitions for the periods presented.
Year Ended |  | Number of Acquisitions |  | Segment |  | Product/Service
December 31, 2024 |  | None |  |  |  |
December 31, 2023 |  | None |  |  |  |
December 31, 2022 |  | 4 |  | Specialized Products Furniture, Flooring & Textile Products |  | Manufacturer of hydraulic cylinders for heavy construction equipment; Converter and distributor of construction fabrics for the furniture and bedding industries; Distributor of products used for erosion control and geosynthetic products for civil construction applications; Distributor of products used for erosion control and stormwater management

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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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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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