Business Combinations, Asset Acquisitions, and Joint Venture Formation (Tables)

6 Months Ended

Jun. 30, 2025

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the aggregate purchase price, which includes initial cash consideration and the estimated fair value of contingent consideration, to assets acquired and liabilities assumed as of the acquisition dates:


In millions
Net working capital	$	7.8
Property, plant and equipment and other noncurrent assets	6.5
Goodwill	36.6
Intangible assets	18.0
Other noncurrent liabilities	(3.9)
Total net assets acquired and liabilities assumed	$	65.0

The following table for these 2024 acquisitions summarizes the allocation of the aggregate purchase price, which includes cash consideration and the estimated fair value of contingent consideration, to assets acquired and liabilities assumed as of the acquisition dates:


In millions
Net working capital	$	7.3
Property, plant and equipment	3.0
Goodwill	62.5
Intangible assets	68.4
Other noncurrent liabilities	(11.1)
Total net assets acquired and liabilities assumed	$	130.1

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible assets recognized for these 2024 acquisitions as of the various acquisition dates were comprised of the following:


In millions	Value (in millions)		Weighted Average Useful life (in years)
Completed technologies/patents	$	14.3	15
Customer relationships	28.5		16
Trade names (finite-lived)	15.3		15
Backlog revenue	10.3		1