Acquisitions (Tables)

3 Months Ended

Mar. 31, 2026

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, including the effects of changes to our reportable segments (in millions):

	Americas			EMEA			Asia Pacific			Total
Balance at December 31, 2025
Goodwill	$	9,256.4		$	1,405.4		$	619.8		$	11,281.6
Accumulated impairment losses		(7.7	)		(1,326.8	)		-			(1,334.5	)
	$	9,248.7		$	78.6		$	619.8		$	9,947.1
Goodwill reportable segment change		19.9			(2.0	)		(17.9	)		-
Purchase accounting adjustments related to Paragon 28 acquisition		(0.5	)		-			-			(0.5	)
Currency translation		(16.5	)		(0.8	)		2.5			(14.8	)
Balance at March 31, 2026
Goodwill	$	9,259.3		$	1,402.6		$	604.4		$	11,266.3
Accumulated impairment losses		(7.7	)		(1,326.8	)		-			(1,334.5	)
	$	9,251.6		$	75.8		$	604.4		$	9,931.8

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		36.8
Inventories		152.6
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		2.4
Current liabilities		(96.5	)
Deferred income taxes		(87.7	)
Other long-term liabilities		(1.9	)
Total identifiable net assets	$	657.0
Goodwill	$	619.6

Monogram [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 Monogram acquisition (in millions):

Cash consideration	$	175.9
Contingent consideration		201.6
Fair value of consideration transferred	$	377.5
Current assets	$	9.4
Intangible assets not subject to amortization:
In-process research and development (IPR&D)		131.5
Other assets		1.5
Current liabilities		(13.9	)
Deferred income taxes		(13.9	)
Other long-term liabilities		(0.1	)
Total identifiable net assets	$	114.4
Goodwill	$	263.0