v3.26.3
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination The preliminary allocation of the purchase price as of the acquisition date was as follows:
(Amounts in millions)Amount
Total consideration paid$215.3 
Cash and cash equivalents6.7 
Accounts receivable, net20.6 
Inventory, net59.2 
Other current assets2.0 
Property, plant and equipment1.2 
Right-of-use assets from operating leases10.5 
Other assets, net0.4 
Intangible assets acquired74.6 
Accounts payable(26.8)
Accrued expenses(4.0)
Current operating lease liabilities(2.1)
Long-term operating lease liabilities(8.4)
Other liabilities(6.8)
Total net assets acquired$127.1 
Goodwill as of acquisition date$88.2 
The following table details the purchase price adjustments that were made through the third quarter of 2026 (in millions):
December 31, 2025AdjustmentSeptember 30, 2026
Net tangible assets acquired$39.1 $(2.6)$36.5 
Intangible assets acquired(1)
235.0 — 235.0 
Goodwill277.2 4.9 282.1 
Total investment$551.3 $2.3 $553.6 

(1) The intangible assets acquired were estimated using the income approach through a discounted cash flow analysis. The estimates are based on inputs that are not observable in the market, and therefore represent non-recurring Level 3 inputs.
Business Combination, Intangible Asset, Acquired, Finite-Lived
(Amount in millions)Gross Carrying AmountUseful LifeAmortization Method
Customer relationships$59.0 10 yearsStraight-line
Trade names15.6 20 yearsStraight-line
Total$74.6