Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

	2022		2021
Assets:
Accounts receivable	$	30.6	$	0.2
Inventories	52.3		1.1
Other current assets	7.6		—
Property, plant and equipment	153.6		0.6
Goodwill	106.9		5.4
Other intangible assets	182.6		2.2
Other non-current assets	12.1		0.2
Total assets acquired	$	545.7	$	9.7
Liabilities:
Accounts payable, trade	$	16.8	$	0.3
Salaries, wages and benefits	11.8		—
Income taxes payable	3.2		—
Other current liabilities	7.0		1.5
Deferred income taxes	30.0		—
Other non-current liabilities	23.2		0.2
Total liabilities assumed	$	92.0	$	2.0
Net assets acquired	$	453.7	$	7.7
Cash flow reconciling items:
Working capital adjustment related to 2020 acquisitions paid in 2021	—		(0.2)
Cash paid for acquisitions, net of cash acquired	$	453.7	$	7.5

Summary of Purchase Price Allocation at Fair Value for Identifiable Intangible Assets Acquired

The following table summarizes the preliminary purchase price allocation at fair value for identifiable intangible assets acquired in 2022 and 2021:

	2022			2021
			Weighted- Average Life			Weighted- Average Life
Trade names (indefinite life)	$	35.2	Indefinite	$	—	—
Trade names (finite life)	6.2		20 years	—		—
Technology and know-how	38.7		15 years	1.5		19 years
Customer relationships	100.2		16 years	0.5		2 years
Non-competes	—		—	0.2		5 years
Capitalized software	2.3		2 years	—		—
Total intangible assets	$	182.6		$	2.2