GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets

The carrying amounts of the Company’s intangible assets are as follows:

(In millions)	2022				2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangibles:
Customer relationships	$	251.6	$	(101.5)	$	255.1	$	(88.8)
Patents	7.3		(7.3)		7.3		(7.3)
Technology	7.5		(7.4)		7.5		(7.3)
Trade names	41.8		(3.7)		42.1		(1.5)
Other	3.4		(2.7)		2.8		(2.7)
Total	$	311.6	$	(122.6)	$	314.8	$	(107.6)
Unamortizing intangibles:
Trade names	42.3		—		42.5		—
Total intangibles	$	353.9	$	(122.6)	$	357.3	$	(107.6)

Schedule of Finite-Lived Intangible Assets

The carrying amounts of the Company’s intangible assets are as follows:

(In millions)	2022				2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangibles:
Customer relationships	$	251.6	$	(101.5)	$	255.1	$	(88.8)
Patents	7.3		(7.3)		7.3		(7.3)
Technology	7.5		(7.4)		7.5		(7.3)
Trade names	41.8		(3.7)		42.1		(1.5)
Other	3.4		(2.7)		2.8		(2.7)
Total	$	311.6	$	(122.6)	$	314.8	$	(107.6)
Unamortizing intangibles:
Trade names	42.3		—		42.5		—
Total intangibles	$	353.9	$	(122.6)	$	357.3	$	(107.6)

Schedule of Amortization Expense

Amortization expense for each of the five succeeding years is projected as follows:

(In millions)	2023		2024		2025		2026		2027
	$	16.9	$	16.7	$	15.9	$	15.0	$	13.5

Schedule of Change in the Carrying Amount of Goodwill by Reporting Segment

The change in the carrying amount of goodwill by reportable segment for 2022 and 2021, is as follows:

(In millions)	Water Systems		Fueling Systems		Distribution		Consolidated
Balance as of December 31, 2020	$	161.5	$	67.7	$	37.5	$	266.7
Acquisitions	55.4		3.0		7.5		65.9
Adjustments to prior year acquisitions	(0.1)		—		—		(0.1)
Foreign currency translation	(2.9)		—		—		(2.9)
Balance as of December 31, 2021	$	213.9	$	70.7	$	45.0	$	329.6
Acquisitions	—		—		1.2		1.2
Adjustments to prior year acquisitions	0.5		—		(0.4)		0.1
Foreign currency translation	(2.5)		(0.4)		—		(2.9)
Balance as of December 31, 2022	$	211.9	$	70.3	45.8		$	328.0