Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Rollforward and Carrying Value Of Goodwill

The following is a rollforward of the Company’s goodwill by segment ($ in millions):

	Specialty Products & Technologies		Equipment & Consumables		Total
Balance, December 31, 2021	$	2,029.7	$	1,102.3	$	3,132.0
Acquisitions	77.3		373.1		450.4
Foreign currency translation	(59.2)		(26.6)		(85.8)
Balance, December 31, 2022	$	2,047.8	$	1,448.8	$	3,496.6

Schedule of Acquired Indefinite-Lived Intangible Assets by Major Class

The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31 ($ in millions): 

	2022				2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	432.2	$	(236.4)	$	313.8	$	(215.3)
Customer relationships and other intangibles	924.1		(648.7)		907.4		(610.9)
Trademarks and trade names	224.8		(100.2)		216.3		(75.4)
Total finite-lived intangibles	1,581.1		(985.3)		1,437.5		(901.6)
Indefinite-lived intangibles:
Trademarks and trade names	490.9		—		510.5		—
Total intangibles	$	2,072.0	$	(985.3)	$	1,948.0	$	(901.6)

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31 ($ in millions): 

	2022				2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	432.2	$	(236.4)	$	313.8	$	(215.3)
Customer relationships and other intangibles	924.1		(648.7)		907.4		(610.9)
Trademarks and trade names	224.8		(100.2)		216.3		(75.4)
Total finite-lived intangibles	1,581.1		(985.3)		1,437.5		(901.6)
Indefinite-lived intangibles:
Trademarks and trade names	490.9		—		510.5		—
Total intangibles	$	2,072.0	$	(985.3)	$	1,948.0	$	(901.6)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on the intangible assets recorded as of December 31, 2022, amortization expense is estimated as follows for the next five years and thereafter:

Years Ending December 31,
2023	$	99.3
2024	89.6
2025	89.1
2026	81.1
2027	76.5
Thereafter	160.2
	$	595.8