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Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of acquisition (in millions):

Assets Acquired:

 

 

 

Current assets, excluding cash of $13.7 million

 

$

53.1

 

Property, plant and equipment

 

 

14.5

 

Goodwill

 

 

85.5

 

Purchased intangible assets

 

 

83.9

 

Other long-term assets

 

 

4.8

 

Total assets

 

 

241.8

 

 

 

 

Liabilities Assumed:

 

 

 

Current liabilities

 

 

50.1

 

Long-term liabilities

 

 

4.8

 

Total liabilities

 

 

54.9

 

 

 

 

 

Net assets acquired

 

$

186.9