Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill attributable to each reportable segment for the years ended December 31, 2024 and 2023 are as follows.

	Industrial Technologies and Services		Precision and Science Technologies		Total
Balance as of December 31, 2022	$	4,222.5	$	1,841.7	$	6,064.2
Acquisitions	509.1		2.4		511.5
Foreign currency translation and other(1)	21.9		12.1		34.0
Balance as of December 31, 2023	4,753.5		1,856.2		6,609.7
Acquisitions	263.9		1,404.3		1,668.2
Foreign currency translation and other(1)	(86.7)		(43.1)		(129.8)
Balance as of December 31, 2024	$	4,930.7	$	3,217.4	$	8,148.1

(1)Includes measurement period adjustments.

Schedule of Goodwill by Acquisition

The goodwill attributable to these businesses is as follows. 

2024 Acquisitions	Industrial Technologies and Services		Precision and Science Technologies		Total
ILC Dover	$	—	$	1,309.8	$	1,309.8
Friulair	69.2		—		69.2
APSCO	51.6		—		51.6
Other acquisitions	143.1		94.5		237.6
	$	263.9	$	1,404.3	$	1,668.2

The Company acquired several businesses during the year ended December 31, 2023. The excess of the purchase price over the estimated fair values of intangible assets, identifiable assets and assumed liabilities was recorded as goodwill. The goodwill attributable to these businesses is as follows. 

2023 Acquisitions	Industrial Technologies and Services		Precision and Science Technologies		Total
Air Treatment	$	279.9	$	—	$	279.9
Roots	106.6		—		106.6
Other acquisitions	122.6		2.4		125.0
	$	509.1	$	2.4	$	511.5

Schedule of Other Intangible Assets

Other intangible assets as of December 31, 2024 and 2023 consisted of the following.

	December 31, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer lists and relationships	$	4,010.1	$	(1,830.1)	$	2,180.0	$	3,279.3	$	(1,585.4)	$	1,693.9
Technology	549.1		(243.3)		305.8		413.8		(178.9)		234.9
Tradenames	63.6		(32.4)		31.2		52.2		(27.9)		24.3
Backlog	4.3		(4.2)		0.1		3.0		(1.3)		1.7
Other	128.5		(112.1)		16.4		117.1		(104.1)		13.0
Unamortized intangible assets:
Tradenames	1,839.3		—		1,839.3		1,643.3		—		1,643.3
Total other intangible assets	$	6,594.9	$	(2,222.1)	$	4,372.8	$	5,508.7	$	(1,897.6)	$	3,611.1