Acquisitions (Tables)

12 Months Ended

Dec. 31, 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 Friulair is substantially complete and all other businesses acquired in 2024 are preliminary, and amounts assigned to acquired assets and liabilities assumed are subject to change as information necessary to complete the analysis is obtained.

	ILC Dover		Friulair		APSCO		All others		Total Consideration
Accounts receivable	$	41.4	$	14.2	$	6.4	$	37.8	$	99.8
Inventories	84.0		13.2		7.5		46.3		151.0
Other current assets	35.1		0.5		0.5		4.7		40.8
Property, plant and equipment	90.8		7.2		2.3		18.5		118.8
Goodwill	1,309.8		69.2		51.6		237.6		1,668.2
Other intangible assets	973.1		84.5		48.1		80.5		1,186.2
Other noncurrent assets	15.8		—		3.5		6.0		25.3
Total current liabilities	(31.3)		(11.6)		(3.7)		(54.4)		(101.0)
Deferred tax liabilities	(151.5)		(24.6)		—		(8.0)		(184.1)
Other noncurrent liabilities	(17.5)		(2.8)		(3.0)		(5.8)		(29.1)
Total consideration	$	2,349.7	$	149.8	$	113.2	$	363.2	$	2,975.9

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 all 2023 acquisitions is complete.

	Air Treatment		Roots		All Others		Total
Accounts receivable	$	26.1	$	14.5	$	11.7	$	52.3
Inventories	43.9		34.2		21.0		99.1
Other current assets	2.1		2.9		6.2		11.2
Property, plant and equipment	18.4		42.0		5.0		65.4
Goodwill	279.9		105.6		126.7		512.2
Other intangible assets	238.6		116.9		25.4		380.9
Other noncurrent assets	7.6		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

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 complete.

	Dosatron International		All others		Total Consideration
Accounts receivable	$	1.8	$	16.2	$	18.0
Inventories	6.2		20.4		26.6
Other current assets	0.1		1.3		1.4
Property, plant and equipment	0.3		8.9		9.2
Goodwill	57.4		151.9		209.3
Other intangible assets	41.9		43.0		84.9
Other noncurrent assets	13.8		0.9		14.7
Total current liabilities	(3.5)		(30.7)		(34.2)
Deferred tax liabilities	(13.8)		(9.7)		(23.5)
Other noncurrent liabilities	—		(1.9)		(1.9)
Total consideration	$	104.2	$	200.3	$	304.5