Acquisitions (Tables)

6 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, 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 2025 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.

Accounts receivable	$	19.2
Inventories	19.8
Other current assets	0.8
Property, plant and equipment	5.5
Goodwill	140.4
Other intangible assets	71.9
Other assets	4.1
Total current liabilities	(21.1)
Deferred tax liabilities	(0.4)
Other noncurrent liabilities	(3.5)
Total consideration	$	236.7

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 all acquisitions completed in 2024 is substantially complete and any further measurement period adjustments are not expected to be material.

	ILC Dover		Friulair		APSCO		All Others		Total
Accounts receivable	$	41.2	$	14.2	$	6.4	$	37.5	$	99.3
Inventories	78.1		13.2		7.5		45.6		144.4
Other current assets	37.5		0.5		0.5		4.6		43.1
Property, plant and equipment	89.2		7.2		2.3		18.4		117.1
Goodwill	1,300.0		69.2		51.6		249.9		1,670.7
Other intangible assets	972.6		84.5		48.1		80.5		1,185.7
Other assets	15.8		—		3.5		5.9		25.2
Total current liabilities	(32.4)		(11.6)		(3.7)		(55.8)		(103.5)
Deferred tax liabilities	(131.2)		(24.6)		—		(17.3)		(173.1)
Other noncurrent liabilities	(21.1)		(2.8)		(3.0)		(5.8)		(32.7)
Total consideration	$	2,349.7	$	149.8	$	113.2	$	363.5	$	2,976.2