v3.24.3
Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
As of September 30, 2024, the preliminary allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:

Total
Current assets, net of cash acquired$97.0 
Property, plant and equipment46.0 
Goodwill480.3 
Intangible assets415.8 
Other noncurrent assets12.6 
Total assets acquired1,051.7 
Current liabilities(40.7)
Deferred income taxes(13.0)
Other noncurrent liabilities(11.8)
Net assets acquired
$986.2 
The final allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:
Total
Current assets, net of cash acquired$10.6 
Property, plant and equipment19.4 
Goodwill54.2 
Intangible assets44.1 
Other noncurrent assets5.4 
Total assets acquired133.7 
Current liabilities(1.2)
Deferred income taxes(17.8)
Other noncurrent liabilities(4.9)
Net assets acquired
$109.8 
As of September 30, 2024, the preliminary allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:
Total
Current assets, net of cash acquired$16.9 
Property, plant and equipment12.2 
Goodwill104.7 
Intangible assets92.3 
Other noncurrent assets2.9 
Total assets acquired229.0 
Current liabilities(5.5)
Deferred income taxes(20.4)
Other noncurrent liabilities(2.7)
Net assets acquired(1)
$200.4 
(1) The Company finalized the purchase price of STC, resulting in a $1.6 million downward adjustment to the purchase price. Funds were received by the Company in April 2024.
Schedule of Finite-Lived Intangible Assets Acquired
Acquired intangible assets consist of trade names, customer relationships and unpatented technology. The acquired intangible assets and weighted average amortization periods are as follows:
TotalWeighted Average Life
Trade names$42.0 15
Customer relationships272.0 14
Unpatented technology101.8 13
Acquired intangible assets$415.8 
The acquired intangible assets and weighted average amortization periods are as follows:
TotalWeighted Average Life
Trade names$5.2 15
Customer relationships27.8 12
Unpatented technology11.1 11
Acquired intangible assets$44.1 
The acquired intangible assets and weighted average amortization periods are as follows:
TotalWeighted Average Life
Trade names$9.3 15
Customer relationships63.0 15
Unpatented technology20.0 11
Acquired intangible assets$92.3