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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Other Intangible Assets [Abstract]  
Goodwill

The balance of goodwill by reporting unit and the activity occurring in the past two fiscal years is as follows:

(millions of dollars)
 
Consumer & Specialties
   
Engineered Solutions
   
Consolidated
 
Balance at December 31, 2021
 
$
337.9
   
$
569.6
   
$
907.5
 
                         
Change in goodwill relating to:
                       
Concept Pet acquisition
   
9.2
     
     
9.2
 
Foreign exchange translation
   
(0.7
)
   
(1.2
)
   
(1.9
)
Total Changes
 
$
8.5
   
$
(1.2
)
 
$
7.3
 
                         
Balance at December 31, 2022
 
$
346.4
   
$
568.4
   
$
914.8
 
                         
Change in goodwill relating to:
                       
Foreign exchange translation
   
(1.2
)
   
     
(1.2
)
Total Changes
 
$
(1.2
)
 
$
   
$
(1.2
)
                         
Balance at December 31, 2023
 
$
345.2
   
$
568.4
   
$
913.6
 
Acquired Intangible Assets Subject to Amortization

Acquired intangible assets subject to amortization as of December 31, 2023 and December 31, 2022 were as follows:

       
December 31, 2023
   
December 31, 2022
 
   
Weighted Average
Useful Life
(Years)
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Gross
Carrying
Amount
   
Accumulated
Amortization
 
Tradenames
   
34
   
$
221.5
   
$
59.1
   
$
221.2
   
$
52.2
 
Technology
   
13
     
18.8
     
14.2
     
18.8
     
12.6
 
Patents and trademarks
   
19
     
6.4
     
6.4
     
6.4
     
6.4
 
Customer relationships
   
21
     
79.0
     
15.0
     
78.4
     
11.7
 
     
29
   
$
325.7
   
$
94.7
   
$
324.8
   
$
82.9