Contingent Consideration

12 Months Ended

Dec. 31, 2024

Business Combination, Contingent Consideration, Liability [Abstract]

Contingent Consideration

24. Contingent consideration

The following table sets forth the changes in contingent consideration liabilities (in millions):

Balance at December 31, 2022	$	9.6
Current period additions		2.8
Current period adjustments		7.6
Current period settlements		(8.1	)
Foreign currency effect		0.4
Balance at December 31, 2023		12.3
Current period additions		13.4
Current period adjustments		3.2
Current period settlements		(11.2	)
Foreign currency effect		(0.4	)
Balance at December 31, 2024	$	17.3

Changes in fair value subsequent to acquisition are recognized in Acquisition-related expenses, net included in Other Charges, net, in the consolidated statements of income and comprehensive income. Contingent consideration payments in excess of the acquisition date fair value are included in net cash provided by (used in) operating activities, and the remaining amounts are included in net cash provided by (used in) financing activities in the consolidated statements of cash flows. Refer to Note 2, Summary of Significant Accounting Policies for more information on the Company’s policy on contingent consideration.