Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Estimated useful lives of property, plant and equipment

	Estimated Useful Life
Buildings	25 to 40 years
Machinery and equipment	3 to 10 years
Computer and fixtures	3 to 5 years
Furniture and fixtures	3 to 10 years
Leasehold improvements	Lesser of 15 years or the remaining lease term

Estimated useful lives of finite intangible assets

Intangible assets with a finite useful life are amortized on a straight-line basis over their estimated useful lives as follows:

	Estimated Useful Life
Existing technology and related patents	3 to 15 years
Customer relationships	5 to 15 years
Trade names	5 to 15 years

Assumptions regarding volatility, expected life, dividend yield and risk-free interest rates

Assumptions regarding volatility, expected term, dividend yield and risk-free interest rates are required for the Black-Scholes model and are presented in the table below:

	2022			2021			2020
Risk-free interest rates		3.03	%		0.62	%		0.23	%
Expected life	4.4 years			4.4 years			5.1 years
Volatility		36	%		34	%		34	%
Expected dividend yield		0.32	%		0.20	%		0.37	%
Weighted-average fair value per share	$	19.68		$	21.69		$	12.08