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Supplemental Balance Sheet Information (Tables)
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Accounts Receivable
Accounts receivable consist of the following (in millions):
June 30, 2024December 31, 2023
Accounts receivable$128.1 $134.0 
Income tax receivable0.1 14.1 
Allowances and doubtful accounts:
Doubtful accounts(4.6)(5.1)
Sales discounts(0.6)(0.2)
Accounts receivable, net$123.0 $142.8 
Summary of Inventories
Inventories at the lower of cost (determined on the FIFO method) or net realizable value consists of the following (in millions):
June 30, 2024December 31, 2023
Raw materials$49.6 $50.3 
Work in process24.219.8
Finished goods86.288.5
Supplies and other3.94.6
Total Inventory$163.9 $163.2 
Summary of Property, Plant and Equipment
Property, plant and equipment consists of the following (in millions):
June 30, 2024December 31, 2023
Land$1.3 $1.3 
Buildings and leasehold improvements37.2 38.0 
Machinery and equipment184.9 182.8 
Construction in progress16.5 18.0 
239.9 240.1 
Less accumulated depreciation(129.2)(122.9)
Total$110.7 $117.2 
Summary of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill are as follows (in millions):
Goodwill
Balance, December 31, 2023$796.1 
Currency translation adjustment(1.7)
Balance, June 30, 2024$794.4 
Summary of Intangible Assets Subject to Amortization
Intangible assets subject to amortization consist of the following (in millions):
June 30, 2024December 31, 2023
Gross
Carrying
Amount		Accumulated
Amortization		Net Carrying AmountGross
Carrying
Amount		Accumulated
Amortization		Net Carrying Amount
Trademarks$41.6 $(29.4)$12.2 $42.0 $(28.8)$13.2 
Patents and acquired technologies248.5 (176.7)71.8 248.6 (171.9)76.7 
Other207.2 (65.0)142.2 207.7 (58.1)149.6 
Total$497.3 $(271.1)$226.2 $498.3 $(258.8)$239.5 
Summary of Estimated Amortization Expense
Amortization expense for the remainder of 2024, the following four years and thereafter is estimated as follows (in millions):
Amount
Remainder of 2024$13.1 
202525.0 
202624.5 
202722.8 
202822.6 
Thereafter118.2 
Total$226.2 
Summary of Accrued Expenses
Accrued expenses consist of the following (in millions):
June 30, 2024December 31, 2023
Accrued rebates and customer incentives$21.8 $17.7 
Accrued salaries and wages25.8 31.5 
Accrued taxes and other6.1 16.7 
Other25.8 27.3 
Total$79.5 $93.2 
Liabilities for estimated returns, rebates and incentives are presented in the table below (in millions):
June 30, 2024December 31, 2023
Accrued rebates$12.6 $10.4 
Accrued customer incentives9.2 7.3 
Accrued rebates and customer incentives21.8 17.7 
Accrued sales returns(a)
0.1 0.1 
Total estimated liabilities$21.9 $17.8 
__________________________________________________
(a)Accrued sales returns are included in “Other” in the accrued expenses table in Note 5, “Supplemental Balance Sheet Information”.
Summary of Other Long-Term Liabilities
Other long-term liabilities consist of the following (in millions):
June 30, 2024December 31, 2023
Accrued compensation and benefits$6.6 $5.9 
Other3.9 4.1 
Total$10.5 $10.0