Acquisitions (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Identifiable Intangible Assets Acquired

Identifiable intangible assets acquired are as follows:

			Weighted-average amortization period
Definite-lived intangible assets acquired:	(in millions)		(years)
Customer relationships	$	12.0	15.0
Existing technology	106.0		15.0
Trademarks	5.0		10.0
Other	1.1		3.3
Total definite-lived intangible assets	124.1		14.7
Indefinite-lived intangible assets acquired:
In-process research and development	14.0
Identifiable intangible assets acquired	$	138.1

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents the preliminary allocation of purchase price:

	(in millions)
Accounts receivable	$	3.3
Inventories	5.2
Property, plant, and equipment	0.2
Goodwill	95.6
Other intangible assets	138.1
Other assets	0.6
Deferred income taxes	(31.9)
Liabilities assumed	(1.6)
	$	209.5

Schedule of Business Acquisition, Pro Forma Information

The following unaudited pro forma condensed consolidated financial results of operations for the three months ended March 31, 2024 and 2023 are presented as if the acquisition had been completed on January 1, 2023:

	Three Months Ended March 31,
	2024		2023
	(in millions)
Pro forma net sales	$	260.3	$	291.7
Pro forma income from continuing operations	$	14.7	$	24.3