Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The following table sets forth the changes in the carrying amount of goodwill (in millions):

Balance at December 31, 2024	$	1,507.3
Current period additions/adjustments		0.2
Foreign currency effect		25.4
Balance at March 31, 2025	$	1,532.9

Summary of intangible assets

The following is a summary of intangible assets (in millions):

	March 31, 2025							December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Existing technology and related patents (a)	$	739.4	$	(310.6	)	$	428.8	$	724.5	$	(291.3	)	$	433.2
Customer relationships		558.6		(137.8	)		420.8		550.6		(125.6	)		425.0
Trade names (b)		61.8		(17.9	)		43.9		60.9		(16.1	)		44.8
Other		16.9		(8.7	)		8.2		16.5		(7.0	)		9.5
Intangible assets	$	1,376.7	$	(475.0	)	$	901.7	$	1,352.5	$	(440.0	)	$	912.5

a)Included in existing technology and related patents, there is in process research and development of $2.9 million and $2.7 million as of March 31, 2025 and December 31, 2024, respectively.

b)Included in trade names, there are indefinite lived assets of $2.8 million as of March 31, 2025 and December 31, 2024.