v3.26.1
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Allocation of The Purchase Price To The Identified Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of the purchase price of the Micromax and EFC Acquisitions (together, the "Acquisitions") to the identified assets acquired and liabilities assumed at the respective acquisition dates:
  (dollars in millions)
Micromax
EFC
Consideration
Cash, net
$494.3 $366.9 
Contingent consideration (See Note 7, Financial Instruments)
— 16.1 
Total consideration
$494.3 $383.0 
Identifiable assets acquired and liabilities assumed
Accounts receivable$72.3 $10.3 
Inventories28.7 13.8 
Other current assets7.0 1.2 
Property, plant and equipment48.2 31.4 
Identifiable intangible assets235.0 172.0 
Other assets19.6 3.2 
Current liabilities(23.5)(10.6)
Deferred income taxes(4.7)— 
Other long-term liabilities(17.5)(2.2)
Total identifiable net assets365.1 219.1 
Goodwill129.2 163.9 
Total purchase price$494.3 $383.0 
Schedule of Identifiable Intangible Assets Recorded in Conjunction with Acquisitions
The fair value of the identifiable intangible assets recorded in conjunction with the Acquisitions was as follows:
Micromax
EFC
  (dollars in millions)Fair Value
Weighted Average Useful Life (years)
Fair Value
Weighted Average Useful Life (years)
Customer relationships$170.0 12$120.0 10
Trade name20.0 810.0 10
Developed technology45.0 842.0 10
Total$235.0 11$172.0 10