v3.26.3
BUSINESS COMBINATION, GOODWILL, AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2026
Business Combination, Goodwill, and Intangible Assets Disclosure [Abstract]  
Schedule of Fair Values of Assets Acquired and Liabilities Assumed
The preliminary purchase consideration allocation has been updated for measurement period adjustments identified as of September 30, 2026. The fair values of the assets acquired and liabilities assumed were as follows (in millions):
Amount
Cash$37.5 
Accounts receivable, net
90.9 
Other acquired current assets
37.5 
Property, plant, and equipment, net
60.6 
Intangible and other assets
281.0 
Goodwill196.3 
Total assets acquired
703.8 
Accounts payable, accrued liabilities, and other current liabilities
78.5 
Deferred tax liabilities – long-term
54.4 
Other long-term liabilities
20.8 
Total liabilities assumed
153.7 
Fair value of assets acquired and liabilities assumed
$550.1 
Schedule of Intangible Assets Acquired
The following table summarizes the components of the intangible assets acquired and their estimated weighted-average useful lives (in millions, except years):
Estimated Fair Values
Weighted-Average Useful Lives
(in Years)
Customer relationships$195.5 6.6
Reacquired distribution rights
17.8 0.3
Non-compete agreements6.1 3.0
   Total acquisition-related intangible assets$219.4 
Schedule of Summary of Changes in Goodwill
The following table summarizes the changes in the carrying amount of goodwill during the period presented (in millions):
Amount
Balance as of December 31, 2025
$370.3 
Acquisition activity196.3 
Foreign currency translation and other activity(8.8)
Balance as of September 30, 2026
$557.8 
Schedule of Intangible Assets
The following table summarizes the components of gross intangible assets, accumulated amortization, and net intangible assets balances (in millions):
As of September 30, 2026As of December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Patents and developed technology$138.2 $(127.0)$11.2 $192.8 $(182.8)$10.0 
Customer relationships193.4 (18.8)174.6 28.2 (27.1)1.1 
Distribution rights and others6.1 (1.2)4.9 — — — 
Total definite-lived intangible assets$337.7 $(147.0)$190.7 $221.0 $(209.9)$11.1 
In-process research and development
6.0 — 6.0 6.0 — 6.0 
Total intangible assets$343.7 $(147.0)$196.7 $227.0 $(209.9)$17.1 
Schedule Of Estimated Future Amortization Expense Of Intangible Assets
The estimated future amortization expense related to intangible assets as of September 30, 2026, is as follows (in millions):
Fiscal YearAmount
Remainder of 2026
$8.9 
202735.4 
202833.9 
202931.4 
203030.4 
2031 and thereafter50.7 
Total$190.7