Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions

The Company’s preliminary purchase price allocation is as follows:

($ in millions)	Driivz		Weighted Average Amortization Period
Accounts receivable	$	1.0
Technology	56.3		8.0
Customer relationships	28.1		13.0
Trade names	9.2		16.0
Goodwill	125.8
Other assets	2.9
Accrued expenses and other current liabilities	(12.5)
Other long-term liabilities	(15.2)
Purchase price, net of cash received	$	195.6

The majority of goodwill derived from this acquisition is expected to be deductible for tax purposes.

The final purchase price allocation is as follows:

($ in millions)	Preliminary Purchase Price Allocation		Measurement Period Adjustments		Final Purchase Price Allocation		Weighted Average Amortization Period
Accounts receivable	$	17.3	$	(3.3)	$	14.0
Inventories	21.0		(0.1)		20.9
Prepaid expenses and other current assets	3.8		(0.1)		3.7
Technology	142.1		0.5		142.6		9.0
Customer relationships	227.0		—		227.0		11.0
Trade names	36.0		—		36.0		14.0
Goodwill	587.4		(15.6)		571.8
Other assets	14.9		0.1		15.0
Trade accounts payable	(5.8)		—		(5.8)
Accrued expenses and other current liabilities	(44.6)		2.5		(42.1)
Other long-term liabilities	(43.6)		16.3		(27.3)
Purchase price, net of cash acquired	$	955.5	$	0.3	$	955.8