Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets Rollforward (Details) - USD ($) $ in Millions |
3 Months Ended | |
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Mar. 31, 2025 |
Mar. 31, 2024 |
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Goodwill | ||
Goodwill, beginning balance | $ 439.2 | $ 168.8 |
Acquisition of businesses | 0.0 | 270.4 |
Goodwill, ending balance | 439.2 | 439.2 |
Other Intangible Assets | ||
Other intangible assets (excluding goodwill), beginning balance | 281.1 | 201.8 |
Acquisition of businesses | 0.0 | 101.0 |
Acquisition of intangible assets | 0.0 | 0.3 |
Amortization | (5.2) | (5.7) |
Other intangible assets (excluding goodwill), ending balance | 275.9 | 297.4 |
Total Goodwill and Other Intangible Assets | ||
Total Goodwill and Other Intangible Assets, beginning balance | 720.3 | 370.6 |
Acquisition of businesses | 0.0 | 371.4 |
Acquisition of intangible assets | 0.0 | 0.3 |
Amortization | (5.2) | (5.7) |
Total Goodwill and Other Intangible Assets, ending balance | $ 715.1 | $ 736.6 |
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of increase in assets, excluding financial assets and goodwill, lacking physical substance with an indefinite life, from an acquisition. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after impairment and amortization, of goodwill, indefinite-lived, and finite-lived intangible assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Goodwill and Finite-Lived Intangible Assets, Acquired During Period No definition available.
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- Definition Goodwill and Indefinite-Lived Intangible Assets, Acquired During Period No definition available.
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