Acquisitions, Goodwill, and Other Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The following table provides a reconciliation of changes in goodwill by reportable segment for the six month period ended June 30, 2024 (in millions):

	Communications		Clean Energy and Infrastructure		Power Delivery		Oil and Gas		Total Goodwill
Goodwill, gross, as of December 31, 2023	$	646.9	$	742.0	$	270.8	$	586.0	$	2,245.7
Accumulated impairment loss (a)	—		—		—		(119.3)		(119.3)
Goodwill, net, as of December 31, 2023	$	646.9	$	742.0	$	270.8	$	466.7	$	2,126.4
Currency translation adjustments	—		—		—		(0.5)		(0.5)
Goodwill, net as of June 30, 2024	$	646.9	$	742.0	$	270.8	$	466.2	$	2,125.9

(a)    Accumulated impairment loss includes the effects of currency translation gains and/or losses.

Schedule of Finite-Lived Intangible Assets

The following table provides a reconciliation of changes in other intangible assets, net, for the period indicated (in millions):

	Other Intangible Assets, Net
	Customer Relationships and Backlog		Trade Names (a)		Other (b)		Total
Other intangible assets, gross, as of December 31, 2023	$	1,096.6	$	229.0	$	87.6	$	1,413.2
Accumulated amortization	(529.3)		(49.8)		(49.8)		(628.9)
Other intangible assets, net, as of December 31, 2023	$	567.3	$	179.2	$	37.8	$	784.3
Additions from new business combinations	0.8		—		—		0.8
Currency translation adjustments	—		—		(0.6)		(0.6)
Amortization expense	(54.7)		(9.3)		(3.3)		(67.3)
Other intangible assets, net, as of June 30, 2024	$	513.4	$	169.9	$	33.9	$	717.2

(a)Includes approximately $34.5 million of non-amortizing trade names as of both June 30, 2024 and December 31, 2023.

(b)Consists principally of pre-qualifications and non-compete agreements.