Goodwill and Purchased Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The following table presents changes in goodwill during the three months ended March 31, 2024 (in millions):

	Access			Defense		Vocational		Total
Net goodwill at December 31, 2023	$	979.9		$	44.4	$	392.1	$	1,416.4
Foreign currency translation		(7.0	)		—		—		(7.0	)
Net goodwill at March 31, 2024	$	972.9		$	44.4	$	392.1	$	1,409.4

Schedule of Company's Goodwill Allocated to the Reportable Segments

The following table presents details of the Company’s goodwill allocated to the reportable segments (in millions):

	March 31, 2024							December 31, 2023
	Gross		Accumulated Impairment			Net		Gross		Accumulated Impairment			Net
Access	$	1,905.0	$	(932.1	)	$	972.9	$	1,912.0	$	(932.1	)	$	979.9
Defense		44.4		—			44.4		44.4		—			44.4
Vocational		561.5		(169.4	)		392.1		561.5		(169.4	)		392.1
	$	2,510.9	$	(1,101.5	)	$	1,409.4	$	2,517.9	$	(1,101.5	)	$	1,416.4

Schedule of Purchased Intangible Assets

Details of the Company’s total purchased intangible assets are as follows (in millions):

	March 31, 2024							December 31, 2023
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Customer relationships	$	818.8	$	(582.1	)	$	236.7	$	819.5	$	(574.6	)	$	244.9
Trade names		118.1		(10.6	)		107.5		118.6		(7.5	)		111.1
Technology-related		165.8		(110.6	)		55.2		166.5		(108.2	)		58.3
Distribution network		55.3		(38.7	)		16.6		55.3		(38.4	)		16.9
Other		37.5		(27.3	)		10.2		37.5		(25.2	)		12.3
		1,195.5		(769.3	)		426.2		1,197.4		(753.9	)		443.5
Non-amortizable trade names		386.6		—			386.6		386.7		—			386.7
	$	1,582.1	$	(769.3	)	$	812.8	$	1,584.1	$	(753.9	)	$	830.2