Acquisitions (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination [Line Items]

Changes in Carrying Amount of Goodwill by Reportable Segment

The following table summarizes the changes in the carrying amount of goodwill by reportable segment (in millions):

	Americas			EMEA			Asia Pacific		Total
Balance at December 31, 2024
Goodwill	$	8,376.8		$	1,370.5		$	538.3	$	10,285.6
Accumulated impairment losses		(7.7	)		(1,326.8	)		-		(1,334.5	)
	$	8,369.1		$	43.7		$	538.3	$	8,951.1
Purchase accounting adjustments related to 2024 acquisitions		1.2			-			-		1.2
Paragon 28 acquisition		529.3			32.1			74.2		635.6
Currency translation		101.6			1.8			10.7		114.1
Balance at September 30, 2025
Goodwill	$	9,008.9		$	1,404.4		$	623.2	$	11,036.5
Accumulated impairment losses		(7.7	)		(1,326.8	)		-		(1,334.5	)
	$	9,001.2		$	77.6		$	623.2	$	9,702.0

2024 Acquisitions [Member]

Business Combination [Line Items]

Summary of Estimates of Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the final estimates of fair value of the assets acquired and liabilities assumed related to the 2024 acquisitions (in millions):

Cash consideration	$	294.8
Contingent consideration		61.0
Fair value of consideration transferred	$	355.8
Current assets	$	24.5
Intangible assets subject to amortization:
Technology		112.5
Trademarks and trade names		5.0
Customer relationships		40.8
Intangible assets not subject to amortization:
In-process research and development (IPR&D)		7.0
Other assets		4.7
Current liabilities		(6.0	)
Deferred income taxes		(33.9	)
Other long-term liabilities		(0.5	)
Total identifiable net assets	$	154.0
Goodwill	$	201.8

Paragon 28 [Member]

Business Combination [Line Items]

Summary of Estimates of Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimates of fair value of the assets acquired and liabilities assumed related to the Paragon 28 acquisition (in millions):

Cash consideration	$	1,241.5
Contingent consideration		35.0
Fair value of consideration transferred	$	1,276.5
Cash	$	15.2
Accounts receivable, net		37.4
Inventories		152.0
Prepaid expenses and other current assets		5.6
Intangible assets subject to amortization:
Technology		324.0
Trademarks and trade names		44.0
Customer relationships		91.5
Intangible assets not subject to amortization:
In-process research and development (IPR&D)		103.0
Property, plant and equipment		68.0
Other assets		3.3
Current liabilities		(109.5	)
Deferred income taxes		(91.8	)
Other long-term liabilities		(1.8	)
Total identifiable net assets	$	640.9
Goodwill	$	635.6