Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Net Carrying Value of Goodwill by Reportable Segment

The changes in the net carrying value of goodwill by reportable segment for the six months ended June 30, 2022, are as follows:

	Sealing Technologies		Advanced Surface Technologies		Engineered Materials		Total
	(in millions)
Goodwill as of December 31, 2021	279.4		668.7		5.1		$	953.2
Acquisition of business	—		1.6		—		1.6
Foreign currency translation	(3.6)		(7.7)		—		(11.3)
Goodwill as of June 30, 2022	$	275.8	$	662.6	$	5.1	$	943.5

Schedule of Finite-Lived Intangible Assets

Identifiable intangible assets are as follows:

	As of June 30, 2022				As of December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(in millions)
Amortized:
Customer relationships	$	522.6	$	177.6	$	536.5	$	166.0
Existing technology	479.8		66.9		480.8		49.5
Trademarks	69.8		26.9		70.9		24.9
Other	41.1		27.1		41.4		22.4
	1,113.3		298.5		1,129.6		262.8
Indefinite-Lived:
Trademarks	46.4		—		46.6		—
Total	$	1,159.7	$	298.5	$	1,176.2	$	262.8

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are as follows:

	As of June 30, 2022				As of December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(in millions)
Amortized:
Customer relationships	$	522.6	$	177.6	$	536.5	$	166.0
Existing technology	479.8		66.9		480.8		49.5
Trademarks	69.8		26.9		70.9		24.9
Other	41.1		27.1		41.4		22.4
	1,113.3		298.5		1,129.6		262.8
Indefinite-Lived:
Trademarks	46.4		—		46.6		—
Total	$	1,159.7	$	298.5	$	1,176.2	$	262.8