Acquisitions Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Acquisitions [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Allocation of Purchase Price	Micro-Mode		Habonim
Receivables	$	2.7	$	10.2
Inventory	5.6		17.8
Plant, property and equipment	6.0		16.1
Goodwill	44.6		62.9
Other intangible assets	28.7		47.2
Other assets	0.3		4.2
Accounts payable and accrued liabilities	(2.3)		(8.7)
Other liabilities	(6.3)		(7.1)
Noncontrolling interest	—		(2.7)
Net assets acquired	$	79.3	$	139.9

Related to the acquisition of Micro-Mode, the primary areas of the purchase price allocations that are not yet finalized relate to the valuation of certain tangible and intangible assets, certain liabilities, income tax, and residual goodwill, which represents the excess of the purchase price over the fair value of the net tangible and other intangible assets acquired. We expect to obtain the information necessary to finalize the fair value of the net assets and liabilities during the measurement period, not to exceed one year from the acquisition date. Changes to the preliminary estimates of the fair value during the measurement period will be recorded as adjustments to those assets and liabilities with a corresponding adjustment to goodwill in the period they occur. The goodwill arising from this acquisition is not deductible for income tax purposes.