v3.25.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the carrying amount of goodwill, and the changes in the carrying amount of goodwill in the six months ended June 30, 2025, by segment:
(in millions)Environmental
Solutions
Safety & Security
Systems
Total
Balance at January 1, 2025$368.8 $108.9 $477.7 
Acquisitions, including measurement period adjustments35.2 — 35.2 
Translation adjustments0.6 4.1 4.7 
Balance at June 30, 2025$404.6 $113.0 $517.6 
Schedule of Finite-Lived Intangible Assets
The following table summarizes the gross carrying amount and accumulated amortization of intangible assets for each major class of intangible assets:
 June 30, 2025December 31, 2024
(in millions)Gross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
Definite-lived intangible assets:
Customer relationships (a)
$182.8 $(89.0)$93.8 $165.7 $(80.7)$85.0 
Other (a)
10.8 (5.6)5.2 7.2 (4.9)2.3 
Total definite-lived intangible assets193.6 (94.6)99.0 172.9 (85.6)87.3 
Indefinite-lived intangible assets:
Trade names 119.2 — 119.2 108.1 — 108.1 
Other4.3 — 4.3 4.3 — 4.3 
Total indefinite-lived intangible assets123.5 — 123.5 112.4 — 112.4 
Total intangible assets$317.1 $(94.6)$222.5 $285.3 $(85.6)$199.7 
(a)    Average useful life of customer relationships and other definite-lived intangible assets are estimated to be approximately 11 years and 6 years, respectively. The average useful life across all definite-lived intangible assets is estimated to be approximately 11 years.
Schedule of Indefinite-Lived Intangible Assets
The following table summarizes the gross carrying amount and accumulated amortization of intangible assets for each major class of intangible assets:
 June 30, 2025December 31, 2024
(in millions)Gross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
Definite-lived intangible assets:
Customer relationships (a)
$182.8 $(89.0)$93.8 $165.7 $(80.7)$85.0 
Other (a)
10.8 (5.6)5.2 7.2 (4.9)2.3 
Total definite-lived intangible assets193.6 (94.6)99.0 172.9 (85.6)87.3 
Indefinite-lived intangible assets:
Trade names 119.2 — 119.2 108.1 — 108.1 
Other4.3 — 4.3 4.3 — 4.3 
Total indefinite-lived intangible assets123.5 — 123.5 112.4 — 112.4 
Total intangible assets$317.1 $(94.6)$222.5 $285.3 $(85.6)$199.7 
(a)    Average useful life of customer relationships and other definite-lived intangible assets are estimated to be approximately 11 years and 6 years, respectively. The average useful life across all definite-lived intangible assets is estimated to be approximately 11 years.