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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of consideration for all businesses acquired in 2024 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for these acquisitions is preliminary, and
amounts assigned to acquired assets and liabilities assumed are subject to change as information necessary to complete the analysis is obtained.
ILC DoverFriulairAll OthersTotal
Accounts receivable$41.7 $14.2 $22.3 $78.2 
Inventories86.1 13.2 25.6 124.9 
Other current assets48.8 0.5 2.8 52.1 
Property, plant and equipment78.3 7.2 13.7 99.2 
Goodwill1,417.0 67.1 179.9 1,664.0 
Other intangible assets947.7 84.5 32.2 1,064.4 
Other assets16.3 — 5.7 22.0 
Total current liabilities(32.8)(11.0)(22.9)(66.7)
Deferred tax liabilities(174.4)(24.2)(1.5)(200.1)
Other noncurrent liabilities(18.5)(2.8)(5.3)(26.6)
Total consideration$2,410.2 $148.7 $252.5 $2,811.4 
The following table summarizes the allocation of consideration for all businesses acquired in 2023 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for Air Treatment is complete. Initial accounting for other acquisitions completed in 2023 is substantially complete.
Air TreatmentRootsAll OthersTotal
Accounts receivable$26.1 $14.5 $11.7 $52.3 
Inventories43.9 34.2 21.0 99.1 
Other current assets2.1 2.9 6.2 11.2 
Property, plant and equipment18.4 42.0 5.0 65.4 
Goodwill279.9 105.6 126.7 512.2 
Other intangible assets238.6 116.9 25.4 380.9 
Other assets7.6 3.1 0.4 11.1 
Total current liabilities(35.9)(26.9)(19.5)(82.3)
Deferred tax liabilities(54.8)— (3.9)(58.7)
Other noncurrent liabilities(6.9)(2.3)(4.5)(13.7)
Total consideration$519.0 $290.0 $168.5 $977.5