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Acquisitions - Svanehoj (Details)
$ in Millions
11 Months Ended 12 Months Ended
Jan. 19, 2024
USD ($)
Employees
Dec. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Business Acquisition [Line Items]          
Goodwill(a)   $ 1,430.1 $ 1,430.1 $ 1,016.3 $ 964.8
Net assets acquired     864.8 $ 79.3 $ 146.9
Goodwill, Measurement Period Adjustment     0.6    
Svanehoj          
Business Acquisition [Line Items]          
Cash Acquired from Acquisition     28.0    
Entity Number of Employees | Employees 400        
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period $ 148.0        
Receivables 22.4        
Inventory [1] 39.5        
Plant, property and equipment 19.1        
Goodwill(a) [1],[2] 215.6        
Other intangible assets [1] 212.6        
Other assets 9.0        
Accounts payable and accrued liabilities (28.0)        
Other liabilities [1] (52.8)        
Contract liabilities $ (29.8)        
Net assets acquired     $ 407.6    
Goodwill, Measurement Period Adjustment   (13.7)      
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles   (13.4)      
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Liabilities   1.5      
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory   $ (1.1)      
[1] The purchase price allocation of Svanehøj was updated subsequent to the preliminary allocation in Q1 2024, including an increase to goodwill of $13.7 and a decrease to intangible assets, other liabilities and inventory of $13.4, $1.5 and $1.1, respectively. There was no material impact to the income statement for any period resulting from the change.
[2] Goodwill related to the acquisition of Svanehøj is primarily attributable to future economic benefits expected from our entrance into the marine sector, our expanded presence in the energy market, and geographic expansion. Goodwill arising from acquisitions is not expected to be deductible for income tax purposes.