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Business Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The consideration paid for Tekra and the final fair values of the assets acquired, and liabilities assumed as of the March 13, 2020 acquisition date were as follows ($ in millions):
Fair Value as of March 13, 2020
Cash and cash equivalents$1.6 
Accounts receivable8.6 
Inventory14.2 
Other current assets0.2 
Property, plant and equipment7.3 
Identifiable intangible assets81.8 
Other noncurrent assets3.7 
Total assets$117.4 
Accounts payable$3.0 
Other current liabilities2.0 
Other noncurrent liabilities2.7 
Net assets acquired$109.7 
Goodwill61.2 
Total consideration$170.9 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination The following table shows the final fair values assigned to identifiable intangible assets ($ in millions):
Fair Value as of March 13, 2020Weighted-Average Amortization Period (Years)
Amortizable intangible assets:   
Customer relationships$63.0  15
Tradenames and other10.8 15
Developed technology8.0  10
Total amortizable intangible assets$81.8 
Actual and Pro Forma Net Sales and Income from Continuing Operations
The amounts of Net sales and Income from continuing operations of Tekra included in the Company's consolidated income statement from the acquisition date are as follows ($ in millions):
Three Months Ended December 31, 2020March 13, 2020 - December 31, 2020
Net Sales$23.7 $77.3 
Income from Continuing Operations$1.8 $1.9