v3.26.1
Supplemental Balance Sheet Information (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Accounts Receivable
Accounts receivable consist of the following (in millions):
March 31, 2026December 31, 2025
Accounts receivable$106.3 $108.0 
Income tax receivable0.1 0.1 
Allowances and doubtful accounts:
Doubtful accounts(3.1)(4.0)
Sales discounts(0.3)(0.3)
Total Accounts receivable, net of allowances$103.0 $103.8 
Summary of Inventories
Inventories at the lower of cost (determined on the FIFO method) or net realizable value consists of the following (in millions):
March 31, 2026December 31, 2025
Raw materials$34.1 $34.7 
Work in process25.0 25.2 
Finished goods78.2 84.0 
Supplies and other4.0 4.1 
Total Inventories$141.3 $148.0 
Summary of Property, Plant and Equipment
Property, plant and equipment consists of the following (in millions):
March 31, 2026December 31, 2025
Land$1.3 $1.3 
Buildings and leasehold improvements39.9 40.1 
Machinery and equipment201.9 199.1 
Construction in progress25.4 25.0 
268.5 265.5 
Less accumulated depreciation(157.3)(152.1)
Total Property, Plant and Equipment, net$111.2 $113.4 
Summary of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill are as follows (in millions):
SNSPM&RTotal
Balance, December 31, 2025$341.3 $53.6 $394.9 
Currency translation adjustment— (0.9)(0.9)
Balance, March 31, 2026$341.3 $52.7 $394.0 
Summary of Intangible Assets Subject to Amortization
Intangible assets subject to amortization consist of the following (in millions):
March 31, 2026December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net Carrying AmountGross
Carrying
Amount		Accumulated
Amortization		Net Carrying Amount
Trademarks$41.9 $(31.1)$10.8 $41.9 $(30.8)$11.1 
Patents and acquired technologies251.8 (193.9)57.9 251.9 (191.5)60.4 
Other95.5 (49.5)46.0 94.1 (47.8)46.3 
Total$389.2 $(274.5)$114.7 $387.9 $(270.1)$117.8 
Summary of Estimated Amortization Expense
Amortization expense for the remainder of 2026, the following four years and thereafter is estimated as follows (in millions):
Amount
Remainder of 2026$14.0 
202717.0 
202816.4 
202915.2 
203012.9 
Thereafter39.2 
Total$114.7 
Summary of Accrued Expenses
Accrued expenses consist of the following (in millions):
March 31, 2026December 31, 2025
Accrued rebates and customer incentives$11.0 $13.1 
Accrued salaries and wages21.7 37.0 
Accrued taxes and other6.6 16.9 
Other(a)
18.3 24.3 
Total Accrued Expenses$57.6 $91.3 
__________________________________________________
(a)Other includes $7.5 million of contingent consideration associated with the acquisition of Nexus. See Note 3, “Business Acquisition” for further information.
Liabilities for estimated returns, rebates and incentives are presented in the table below (in millions):
March 31, 2026December 31, 2025
Accrued rebates$1.0 $3.3 
Accrued customer incentives10.0 9.8 
Accrued rebates and customer incentives11.0 13.1 
Accrued sales returns(a)
0.1 0.1 
Total estimated liabilities$11.1 $13.2 
__________________________________________________
(a)Accrued sales returns are included in “Other” in the accrued expenses table in Note 5, “Supplemental Balance Sheet Information”.
Summary of Other Long-Term Liabilities
Other long-term liabilities consist of the following (in millions):
March 31, 2026December 31, 2025
Accrued compensation and benefits$4.1 $4.0 
Other(a)
10.0 9.5 
Total Other Long-Term Liabilities$14.1 $13.5 
__________________________________________________
(a)Other includes $9.8 million and $9.3 million of contingent consideration associated with the acquisition of Nexus as of March 31, 2026 and December 31, 2025, respectively . See Note 3, “Business Acquisition” for further information.