Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of consideration for all businesses acquired in 2022 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for all 2022 acquisitions is substantially complete.

	Total
Accounts receivable	$	3.9
Inventories	8.2
Other current assets	0.7
Property, plant and equipment	4.2
Goodwill	65.2
Other intangible assets	7.4
Other assets	0.3
Total current liabilities	(8.3)
Deferred tax liabilities	(0.1)
Total consideration	$	81.5

The following table summarizes the allocation of consideration to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for the acquisitions of M-D Pneumatics and Kinney Vacuum Pumps, Seepex and Maximus Solutions is complete. Initial accounting for other 2021 acquisitions is substantially complete. The remaining measurement period adjustments are not expected to be significant and will be completed in the fourth quarter of 2022.

	Seepex		M-D Pneumatics and Kinney Vacuum Pumps		Maximus Solutions		All Others
Accounts receivable	$	24.9	$	4.8	$	4.3	9.4
Inventories	42.4		3.8		2.9		10.4
Other current assets	1.9		0.2		0.2		0.3
Property, plant and equipment	40.6		16.2		2.1		15.0
Goodwill	249.0		81.5		75.9		78.9
Other intangible assets	239.2		82.5		39.5		95.9
Other assets	1.4		—		—		—
Total current liabilities	(35.1)		(3.5)		(2.4)		(4.1)
Deferred tax liabilities	(75.6)		—		(11.3)		(4.2)
Other noncurrent liabilities	(6.6)		(1.5)		(0.2)		(1.1)
Total consideration	$	482.1	$	184.0	$	111.0	200.5