Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amounts of goodwill for the years ended December 31, 2024 and 2023, by segment, were as follows (in millions):

	Segment
	Utility Solutions		Electrical Solutions		Total
BALANCE AT DECEMBER 31, 2022	$	1,275.9	$	694.6	$	1,970.5
Prior year acquisitions	1.2		2.1		3.3
Current year acquisitions	614.7		—		614.7
Reclassifications to held for sale	—		(63.2)		(63.2)
Foreign currency translation	5.7		2.4		8.1
BALANCE AT DECEMBER 31, 2023	$	1,897.5	$	635.9	$	2,533.4
Prior year acquisitions	(9.0)		—		(9.0)
Foreign currency translation	(20.1)		(3.5)		(23.6)
BALANCE AT DECEMBER 31, 2024	$	1,868.4	$	632.4	$	2,500.8

Schedule of Identifiable Intangible Assets

Identifiable intangible assets are recorded in Other intangible assets, net in the Consolidated Balance Sheet. Identifiable intangible assets are comprised of the following (in millions):

 

	December 31, 2024				December 31, 2023
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Definite-lived:
Patents, tradenames and trademarks	$	232.4	$	(95.2)	$	233.7	$	(84.8)
Customer relationships, developed technology and other	1,511.4		(602.0)		1,513.1		(500.1)
TOTAL DEFINITE-LIVED INTANGIBLES	1,743.8		(697.2)		1,746.8		(584.9)
Indefinite-lived:
Tradenames and other	33.4		—		34.1		—
TOTAL OTHER INTANGIBLE ASSETS	$	1,777.2	$	(697.2)	$	1,780.9	$	(584.9)