Acquisitions (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the revised consideration transferred for the acquisition and the amounts of the assets acquired and liabilities assumed as of the closing date.

Purchase Price Allocation	Fair Value (in millions)
Cash	$	5.1
Other current assets	1.1
Intangible assets:
IPR&D	63.0
Goodwill(1)	7.1
Deferred tax assets, net	15.5
Property, plant, and equipment, net	4.5
Other non-current assets	2.6
Total fair value of assets acquired	$	98.9
Accounts payable and accrued expenses	3.1
Other current liabilities	1.4
Other non-current liabilities	2.8
Total fair value of liabilities assumed	$	7.3
Total purchase price	$	91.6

(1)The goodwill is not deductible for income tax purposes.