Divestitures

12 Months Ended

Dec. 31, 2025

Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]

Divestitures

NOTE 20. DIVESTITURES

2025 Divestitures

During the year ended December 31, 2025, the Company completed the sales of certain assets within its Mobility Technologies segment and its European service operations within its Environmental & Fueling Solutions segment. As a result of the transactions, the Company recognized a gain of $3.5 million during the year ended December 31, 2025, which is presented in Gain on sale of businesses in the Consolidated Statements of Earnings and Comprehensive Income. The operations of the disposed businesses did not meet the criteria to be presented as discontinued operations.

2024 Divestiture

During January 2024, the Company completed the sale of Coats for $72.4 million. As a result of the transaction, the Company recognized a gain of $37.2 million during the year ended December 31, 2024, which is presented in Gain on sale of businesses in the Consolidated Statements of Earnings and Comprehensive Income. The operations of Coats did not meet the criteria to be presented as discontinued operations.

2023 Divestiture

During April 2023, the Company completed the sale of Global Traffic Technologies for $108.4 million. As a result of the transaction, the Company recognized a gain of $34.4 million during the year ended December 31, 2023, which is presented in Gain on sale of businesses in the Consolidated Statements of Earnings and Comprehensive Income. The operations of Global Traffic Technologies did not meet the criteria to be presented as discontinued operations.