Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Roker Inc. (Roker)

Business Acquisition [Line Items]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The fair values of the assets acquired and liabilities assumed were as follows:

(millions)
Other intangible assets	$	2.3
Goodwill		1.0
Accounts payable		(0.2	)
Net cash paid	$	3.1

Schedule of Other Assets Acquired were Recorded at their Estimated Fair Value

The other intangible assets acquired were recorded at their fair value on the acquisition date as follows:

(millions)	Estimated Life	Fair Value
Proprietary know how	8.0 Years	$	2.1
Customer relationships	5.4 Years		0.2
Fair value of identified intangible assets		$	2.3

KMP Associates Limited and Divrt, Inc.

Business Acquisition [Line Items]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The fair value of the assets acquired and liabilities assumed were as follows:

(millions)
Cash and cash equivalents	$	0.9
Accounts receivable		0.7
Prepaid expenses and other current assets		0.1
Other intangible assets		21.7
Goodwill		16.3
ROU asset		0.1
Accounts payable		(0.1	)
Accrued and other current liabilities		(1.5	)
Deferred income taxes		(2.5	)
Other long-term borrowings		(0.3	)
Net assets acquired and liabilities assumed		35.4
Less: cash and cash equivalents acquired		0.9
Less: contingent consideration payable		4.0
Net cash paid	$	30.5

Schedule of Other Assets Acquired were Recorded at their Estimated Fair Value

The other intangible assets acquired were recorded at their fair value on the acquisition dates as follows:

(millions)	Estimated Life	Fair Value
Proprietary know how	7.4 Years	$	17.3
Customer relationships	5.8 Years		3.2
Trade names	13.2 Years		1.8
Covenant not to compete	4.2 Years	1.2
Estimated fair value of identified intangible assets		$	23.5