GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

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

(In millions)	March 31, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived intangibles:
Customer relationships	$	264.7	$	(118.9)	$	263.7	$	(115.5)
Patents	7.3		(7.3)		7.3		(7.3)
Technology	7.5		(7.5)		7.5		(7.5)
Trade names	44.1		(6.4)		44.1		(5.8)
Other	3.3		(2.8)		3.4		(2.8)
Total	$	326.9	$	(142.9)	$	326.0	$	(138.9)
Indefinite-lived intangibles:
Trade names	42.7		—		42.9		—
Total intangibles	$	369.6	$	(142.9)	$	368.9	$	(138.9)

Schedule of Indefinite-Lived Intangible Assets

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

(In millions)	March 31, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived intangibles:
Customer relationships	$	264.7	$	(118.9)	$	263.7	$	(115.5)
Patents	7.3		(7.3)		7.3		(7.3)
Technology	7.5		(7.5)		7.5		(7.5)
Trade names	44.1		(6.4)		44.1		(5.8)
Other	3.3		(2.8)		3.4		(2.8)
Total	$	326.9	$	(142.9)	$	326.0	$	(138.9)
Indefinite-lived intangibles:
Trade names	42.7		—		42.9		—
Total intangibles	$	369.6	$	(142.9)	$	368.9	$	(138.9)

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

The change in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2024 is as follows:

(In millions)
	Water Systems		Fueling Systems		Distribution		Consolidated
Balance as of December 31, 2023	$	221.4	$	70.4	$	50.6	$	342.4
Adjustments to prior year acquisitions	(0.7)		—		(0.1)		(0.8)
Foreign currency translation	(1.1)		—		—		(1.1)
Balance as of March 31, 2024	$	219.6	$	70.4	$	50.5	$	340.5