Business Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the updated preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition for all of the Company's 2023 acquisitions (in millions):

Accounts receivable	$	71.5
Inventories	85.7
Other current assets	49.8
Property, plant and equipment	31.9
Other non-current assets	2.8
Intangible assets	602.7
Accounts payable	(18.5)
Other accrued liabilities	(87.0)
Deferred tax liabilities, net	(134.8)
Other non-current liabilities	(11.9)
Goodwill	619.5
Total Estimate of Consideration Transferred, Net of Cash Acquired	$	1,211.7

Schedule of Balance Sheet Information of the Residential Lighting Business Assets and Liabilities Held for Sale

The following table presents balance sheet information of the residential lighting business' assets and liabilities held for sale as of December 31, 2023:

	At December 31,
(in millions)	2023
Cash and cash equivalents	$	—
Accounts receivable, net	29.8
Inventories, net	37.8
Other current assets	2.9
Assets held for sale - current	$	70.5
Property, Plant, and Equipment, net	1.6
Goodwill	63.2
Other Intangible assets, net	6.5
Other long-term assets	20.6
Assets held for sale - non-current	$	91.9
Accounts payable	1.9
Accrued salaries, wages and employee benefits	3.5
Accrued insurance	3.4
Other accrued liabilities	15.8
Liabilities held for sale - current	$	24.6
Other Non-Current Liabilities	17.5
Liabilities held for sale - non-current	$	17.5