Carlisle Companies (CSL) 10-Q 25 Oct 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 18, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-9278
Entity Registrant Name	CARLISLE COMPANIES INCORPORATED
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	31-1168055
Entity Address, Address Line One	16430 North Scottsdale Road
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85254
City Area Code	(480)
Local Phone Number	781-5000
Title of 12(b) Security	Common stock, $1 par value
Trading Symbol	CSL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		45,327,469
Entity Central Index Key	0000790051
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenues	$ 1,333.6	$ 1,259.8	$ 3,880.7	$ 3,459.4
Cost of goods sold	819.2	793.7	2,398.5	2,244.9
Selling and administrative expenses	191.8	161.7	547.9	467.6
Research and development expenses	8.1	7.2	26.6	20.7
Other operating income, net	(1.9)	(2.7)	(11.4)	(3)
Operating income	316.4	299.9	919.1	729.2
Interest expense, net	18.6	19.4	56	57
Interest income	(22.6)	(3.6)	(44.3)	(12.5)
Other non-operating (income) expense, net	(1.1)	0.6	(1.5)	(1.2)
Income from continuing operations before income taxes	321.5	283.5	908.9	685.9
Provision for income taxes	74.9	66.6	206.2	158.7
Income from continuing operations	246.6	216.9	702.7	527.2
Discontinued operations:
(Loss) income before income taxes	(4.4)	43.2	497.7	20.2
(Benefit from) provision for income taxes	(2.1)	(5.5)	51.4	(14.5)
(Loss) income from discontinued operations	(2.3)	48.7	446.3	34.7
Net income	$ 244.3	$ 265.6	$ 1,149	$ 561.9
Basic earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	$ 5.36	$ 4.37	$ 14.93	$ 10.43
(Loss) income from discontinued operations (in dollars per share)	(0.05)	0.98	9.48	0.69
Basic earnings per share (in dollars per share)	5.31	5.35	24.41	11.12
Diluted earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	5.30	4.32	14.74	10.32
(Loss) income from discontinued operations (in dollars per share)	(0.05)	0.97	9.36	0.68
Diluted earnings per share (in dollars per share)	$ 5.25	$ 5.29	$ 24.10	$ 11
Average shares outstanding:
Basic (in shares)	45.9	49.5	47	50.4
Diluted (in shares)	46.5	50.1	47.6	51
Comprehensive income:
Net income	$ 244.3	$ 265.6	$ 1,149	$ 561.9
Other comprehensive income (loss):
Foreign currency gains (losses)	10.1	(15.8)	5.4	(1.7)
Amortization of unrecognized net periodic benefit costs, net of tax	0.5	0.2	1.4	0.8
Other, net of tax	0.1	0.1	2	(0.3)
Other comprehensive income (loss)	10.7	(15.5)	8.8	(1.2)
Comprehensive income	$ 255	$ 250.1	$ 1,157.8	$ 560.7

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,530.6	$ 576.7
Receivables, net of allowance for credit losses of $4.8 million and $3.9 million, respectively	799.2	615.3
Inventories	462.4	361.7
Prepaid expenses	27.7	21.2
Other current assets	91.5	107.6
Assets held for sale	0	1,725.6
Total current assets	2,911.4	3,408.1
Property, plant, and equipment, net	670.7	655.2
Goodwill	1,342	1,202.5
Other intangible assets, net	1,425.9	1,252.9
Other long-term assets	128.4	101.3
Total assets	6,478.4	6,620
Current liabilities:
Accounts payable	327.3	245.5
Current portion of debt	403	402.7
Accrued and other current liabilities	310.4	292.9
Contract liabilities	27.7	26.4
Liabilities held for sale	0	218.8
Total current liabilities	1,068.4	1,186.3
Long-term liabilities:
Long-term debt, less current portion	1,887.2	1,886.7
Contract liabilities	315.5	297.6
Other long-term liabilities	444.4	420.4
Total long-term liabilities	2,647.1	2,604.7
Stockholders' equity:
Preferred stock, $1 par value per share (5.0 shares authorized and unissued)	0	0
Common stock, $1 par value per share (200.0 shares authorized; 45.4 and 47.7 shares outstanding, respectively)	78.7	78.7
Additional paid-in capital	580.7	553.8
Treasury shares, at cost (33.2 and 30.9 shares, respectively)	(4,449.5)	(3,326.4)
Accumulated other comprehensive loss	(102.3)	(111.1)
Retained earnings	6,655.3	5,634
Total stockholders' equity	2,762.9	2,829
Total liabilities and equity	$ 6,478.4	$ 6,620

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Receivables allowance	$ 4.8	$ 3.9
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized shares (in shares)	5,000,000	5,000,000
Preferred stock, unissued shares (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized shares (in shares)	200,000,000	200,000,000
Common stock, shares outstanding (in shares)	45,400,000	47,700,000
Treasury, shares (in shares)	33,200,000	30,900,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income	$ 1,149	$ 561.9
Reconciliation of net income to net cash provided by operating activities:
Depreciation	51.7	66.9
Amortization	74.9	102.4
Lease expense	18.9	22
Stock-based compensation	22.9	30.2
Deferred taxes	(5.7)	(35.5)
(Gain) loss on sale of discontinued operations	(456.7)	49.9
Other operating activities, net	8.7	26.9
Changes in assets and liabilities, excluding effects of acquisitions:
Receivables	(157.1)	(145.3)
Inventories	(103.9)	117
Contract assets	10.2	13.2
Prepaid expenses and other assets	(5.9)	7.4
Accounts payable	66.5	49.4
Accrued and other current liabilities	(11)	(41.4)
Contract liabilities	18.5	14
Other long-term liabilities	(21.3)	(26.6)
Net cash provided by operating activities	659.7	812.4
Investing activities:
Proceeds from sale of discontinued operations, net of cash disposed	1,998	0
Acquisitions, net of cash acquired	(414.3)	0
Capital expenditures	(76.7)	(106.3)
Investment in securities	0.6	0.9
Other investing activities, net	1.3	18.7
Net cash provided by (used in) investing activities	1,508.9	(86.7)
Financing activities:
Repayment of notes	0	(300)
Borrowings from revolving credit facility	22	84
Repayments of revolving credit facility	(22)	(84)
Repurchases of common stock	(1,166.1)	(580)
Dividends paid	(127.4)	(119.3)
Proceeds from exercise of stock options	73.1	17.7
Withholding tax paid related to stock-based compensation	(17.7)	(10.4)
Other financing activities, net	(4.8)	(2.5)
Net cash used in financing activities	(1,242.9)	(994.5)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(0.6)	0
Change in cash and cash equivalents	925.1	(268.8)
Less: change in cash and cash equivalents of discontinued operations	(28.8)	(12)
Cash and cash equivalents at beginning of period	576.7	364.8
Cash and cash equivalents at end of period	$ 1,530.6	$ 108

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($) shares in Millions, $ in Millions		Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Shares in Treasury
Balance at beginning (in shares) at Dec. 31, 2022			50.9
Balance at the beginning of the period at Dec. 31, 2022		$ 3,024.4	$ 78.7	$ 512.6	$ (157.8)	$ 5,027.1	$ (2,436.2)
Balance at beginning (in shares) at Dec. 31, 2022							27.5
Increase (Decrease) in Shareholders' Equity
Net income		561.9				561.9
Other comprehensive income (loss), net of tax		(1.2)			(1.2)
Dividends		(119.5)				(119.5)
Repurchases of common stock (in shares)			(2.3)				2.3
Repurchases of common stock		(585.3)					$ (585.3)
Issuances and deferrals, net for stock-based compensation (in shares)	[1]		0.2				(0.2)
Issuances and deferrals. net for stock-based compensation	[1]	43.5		31.8			$ 11.7
Balance at ending (in shares) at Sep. 30, 2023			48.8
Balance at the end of the period at Sep. 30, 2023		2,923.8	$ 78.7	544.4	(159)	5,469.5	$ (3,009.8)
Balance at ending (in shares) at Sep. 30, 2023							29.6
Balance at beginning (in shares) at Jun. 30, 2023			50
Balance at the beginning of the period at Jun. 30, 2023		3,032	$ 78.7	531.6	(143.5)	5,246.1	$ (2,680.9)
Balance at beginning (in shares) at Jun. 30, 2023							28.4
Increase (Decrease) in Shareholders' Equity
Net income		265.6				265.6
Other comprehensive income (loss), net of tax		(15.5)			(15.5)
Dividends		(42.2)				(42.2)
Repurchases of common stock (in shares)			(1.2)				1.2
Repurchases of common stock		(333.2)					$ (333.2)
Issuances and deferrals. net for stock-based compensation	[2]	17.1		12.8			4.3
Balance at ending (in shares) at Sep. 30, 2023			48.8
Balance at the end of the period at Sep. 30, 2023		$ 2,923.8	$ 78.7	544.4	(159)	5,469.5	$ (3,009.8)
Balance at ending (in shares) at Sep. 30, 2023							29.6
Balance at beginning (in shares) at Dec. 31, 2023		47.7	47.7
Balance at the beginning of the period at Dec. 31, 2023		$ 2,829	$ 78.7	553.8	(111.1)	5,634	$ (3,326.4)
Balance at beginning (in shares) at Dec. 31, 2023		30.9					30.9
Increase (Decrease) in Shareholders' Equity
Net income		$ 1,149				1,149
Other comprehensive income (loss), net of tax		8.8			8.8
Dividends		(127.7)				(127.7)
Repurchases of common stock (in shares)			(2.9)				2.9
Repurchases of common stock		(1,176)					$ (1,176)
Issuances and deferrals, net for stock-based compensation (in shares)	[1]		0.6				(0.6)
Issuances and deferrals. net for stock-based compensation	[1]	$ 79.8		26.9			$ 52.9
Balance at ending (in shares) at Sep. 30, 2024		45.4	45.4
Balance at the end of the period at Sep. 30, 2024		$ 2,762.9	$ 78.7	580.7	(102.3)	6,655.3	$ (4,449.5)
Balance at ending (in shares) at Sep. 30, 2024		33.2					33.2
Balance at beginning (in shares) at Jun. 30, 2024			46.4
Balance at the beginning of the period at Jun. 30, 2024		$ 3,004.3	$ 78.7	570.3	(113)	6,456.9	$ (3,988.6)
Balance at beginning (in shares) at Jun. 30, 2024							32.2
Increase (Decrease) in Shareholders' Equity
Net income		244.3				244.3
Other comprehensive income (loss), net of tax		10.7			10.7
Dividends		(45.9)				(45.9)
Repurchases of common stock (in shares)			(1.1)				1.1
Repurchases of common stock		(470.5)					$ (470.5)
Issuances and deferrals, net for stock-based compensation (in shares)	[2]		0.1				(0.1)
Issuances and deferrals. net for stock-based compensation	[2]	$ 20		10.4			$ 9.6
Balance at ending (in shares) at Sep. 30, 2024		45.4	45.4
Balance at the end of the period at Sep. 30, 2024		$ 2,762.9	$ 78.7	$ 580.7	$ (102.3)	$ 6,655.3	$ (4,449.5)
Balance at ending (in shares) at Sep. 30, 2024		33.2					33.2
[1] Issuances and deferrals, net for stock-based compensation, reflects share activity related to option exercises, restricted and performance shares vested, and net issuances and deferrals associated with deferred compensation equity. Issuances and deferrals, net for stock-based compensation reflects share activity related to option exercises, restricted and performance shares vested, and net issuances and deferrals associated with deferred compensation equity.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 1	$ 0.85	$ 2.7	$ 2.35

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by Carlisle Companies Incorporated (the "Company" or "Carlisle"). The accompanying unaudited Condensed Consolidated Financial Statements do not include all disclosures as required by accounting principles generally accepted in the United States of America ("United States" or "U.S."), and should be read in conjunction with the Company’s audited Consolidated Financial Statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report on Form 10-K"). The accompanying unaudited Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the U.S. and, of necessity, include some amounts that are based upon management estimates and judgments. The accompanying unaudited Condensed Consolidated Financial Statements include assets, liabilities, revenues and expenses of all majority-owned subsidiaries. Intercompany transactions and balances are eliminated in consolidation. In the Company's opinion, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting solely of adjustments of a normal, recurring nature, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The Company has reclassified certain prior periods' amounts to conform with the current period presentation on the Condensed Consolidated Statements of Cash Flows to reclassify amounts related to the loss on sale of discontinued operations from stock-based compensation, prepaid expenses and other assets, accrued and other current liabilities, and other long-term liabilities to a separately disclosed line item. In Note 5—Discontinued Operations, the Company has redefined certain captions on the Condensed Consolidated Statements of Income related to prior periods to reflect the dispositions of the Carlisle Fluid Technologies ("CFT") and Carlisle Interconnect Technologies ("CIT") businesses. The Company reclassified certain prior period amounts to conform with the current period presentation of revenues by end market as discussed in Note 7—Revenue Recognition to reflect the nature of revenues in information regularly reviewed by the Company. Discontinued Operations The results of operations for the Company's CFT and CIT segments have been reclassified as discontinued operations for all periods presented in the Condensed Consolidated Statements of Income. Assets and liabilities subject to the sale of CIT have been reclassified as held for sale for all periods presented in the Condensed Consolidated Balance Sheets. Refer to Note 5—Discontinued Operations for additional information.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New Accounting Standards Issued Recently Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (" ASU 2023-07"), which is intended to improve reportable segment disclosure requirements through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for the Company's fiscal year beginning January 1, 2024 and requires the use of a retrospective approach to all prior periods presented. The Company adopted the standard on January 1, 2024, and plans to adopt the standard for interim periods beginning January 1, 2025. The Company is evaluating the potential impact of its adoption of ASU 2023-07 on the Company's audited Consolidated Financial Statements but does not anticipate that such an adoption will have a material impact. New Accounting Standards Issued But Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"), which is intended to improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. ASU 2023-09 also includes certain other amendments intended to improve the effectiveness of income tax disclosures. ASU 2023-09 is effective for the Company's fiscal year beginning January 1, 2025 and allows the use of a prospective or retrospective approach. The Company plans to adopt the standard on January 1, 2025 and has not yet determined the potential impact of its adoption of ASU 2023-09 on the Company's audited Consolidated Financial Statements.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company reports its results of operations through the following two segments, each of which represents a reportable segment as follows: Carlisle Construction Materials ("CCM") —this segment produces a complete line of premium single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer ("EPDM"), thermoplastic polyolefin ("TPO") and polyvinyl chloride ("PVC") membrane, polyisocyanurate ("polyiso") insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings. Carlisle Weatherproofing Technologies ("CWT") —this segment produces building envelope solutions that effectively drive energy efficiency and sustainability in commercial and residential applications. Products include high-performance waterproofing and moisture protection products, protective roofing underlayments, fully integrated liquid and sheet applied air/vapor barriers, sealants/primers and flashing systems, roof coatings and mastics, spray polyurethane foam and coating systems for a wide variety of thermal protection applications and other premium polyurethane products, block-molded expanded polystyrene insulation, engineered products for HVAC applications, and premium products for a variety of industrial and surfacing applications. A summary of segment information follows: Three Months Ended September 30, 2024 2023 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 998.2 $ 303.0 $ 914.0 $ 272.5 Carlisle Weatherproofing Technologies 335.4 46.8 345.8 58.8 Segment total 1,333.6 349.8 1,259.8 331.3 Corporate and unallocated (1) — (33.4) — (31.4) Total $ 1,333.6 $ 316.4 $ 1,259.8 $ 299.9 Nine Months Ended September 30, 2024 2023 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 2,870.7 $ 861.0 $ 2,437.5 $ 675.6 Carlisle Weatherproofing Technologies 1,010.0 148.2 1,021.9 142.4 Segment total 3,880.7 1,009.2 3,459.4 818.0 Corporate and unallocated (1) — (90.1) — (88.8) Total $ 3,880.7 $ 919.1 $ 3,459.4 $ 729.2 (1) Corporate operating loss includes other unallocated costs, primarily general corporate expenses.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	Acquisitions 2024 Acquisition MTL Holdings On May 1, 2024, the Company completed the acquisition of 100% of the equity of MTL Holdings LLC ("MTL") for cash consideration of $424.6 million, including $10.3 million of cash acquired, subject to certain customary post-closing purchase price adjustments. MTL is a leading provider of prefabricated perimeter edge metal systems and non-insulated architectural metal wall systems for commercial, institutional and industrial buildings. In the three months ended September 30, 2024 and for the period from May 1, 2024 to September 30, 2024, MTL contributed revenues of $33.3 million and $55.2 million, respectively, and operating income of $3.8 million and $5.6 million, respectively. The results of operations of the acquired business are reported as part of the CCM segment. The following table summarizes the consideration transferred to acquire MTL and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed. The acquisition has been accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities. Preliminary Allocation Measurement Period Adjustments Preliminary Allocation (in millions) As of As of Total cash consideration transferred $ 423.1 $ 1.5 $ 424.6 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 10.3 — 10.3 Receivables, net 14.0 — 14.0 Inventories 17.2 — 17.2 Prepaid expenses and other current assets 0.9 — 0.9 Property, plant and equipment 10.7 — 10.7 Definite-lived intangible assets 248.3 — 248.3 Other long-term assets 8.1 — 8.1 Accounts payable (5.9) — (5.9) Accrued and other current liabilities (6.1) — (6.1) Deferred income taxes (6.9) — (6.9) Other long-term liabilities (6.7) — (6.7) Total identifiable net assets 283.9 — 283.9 Goodwill $ 139.2 $ 1.5 $ 140.7 The goodwill recognized in the acquisition of MTL reflects market participant synergies attributable to significant raw material purchase synergies with CCM, other administrative synergies, the value of the assembled workforce to Carlisle and opportunities for product line expansions. The Company acquired $14.1 million of gross contractual accounts receivable, of which $0.1 million was not expected to be collected at the date of acquisition. All of the goodwill has been preliminarily assigned to the Carlisle Architectural Metals reporting unit, which is part of the CCM reportable segment. Goodwill totaled $140.7 million, of which $134.0 million is deductible for tax purposes. The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows: (in millions) Fair Value Weighted Average Useful Life (in years) Customer relationships $ 183.1 13 Trade names 44.6 19 Technologies 18.1 11 Software 2.5 5 Total $ 248.3 The Company has also preliminarily recorded, as part of the purchase price allocation, deferred tax liabilities primarily related to intangible assets of approximately $6.9 million. 2023 Acquisition Polar Industries On November 8, 2023, the Company completed the acquisition of select assets of Polar Industries, Inc., Fox Transport, Inc. and LRH, LLC (collectively “Polar”) for cash consideration of $36.1 million, subject to certain customary post-closing purchase price adjustments, which were finalized in the first quarter of 2024. Polar is a manufacturer of expanded polystyrene and graphite polystyrene for residential and commercial applications. The Company has allocated consideration of $20.9 million to goodwill, all of which is deductible for tax purposes. The Company assigned all of the goodwill to the CWT reporting unit, which is part of the CWT reportable segment. The Company allocated consideration of $2.6 million to customer relationships, with a useful life of nine years, $9.4 million to property, plant and equipment, $1.8 million to inventory, $1.8 million to accounts receivable, $0.2 million to accounts payable and $0.2 million to accrued and other current liabilities. Subsequent Event PFB Holdco On October 17, 2024, the Company entered into a definitive agreement to acquire 100% of the equity of PFB Holdco, Inc. ("Plasti-Fab") for cash consideration of $259.5 million, subject to certain customary purchase price adjustments. Plasti-Fab is a leading vertically integrated provider of expanded polystyrene insulation products across Canada and the Midwestern United States. The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to close in the fourth quarter of 2024.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On May 21, 2024, the Company completed the sale of CIT for cash proceeds of $2.025 billion, subject to certain customary purchase price adjustments, which were finalized in the third quarter of 2024. On October 2, 2023, the Company completed the sale of CFT for cash proceeds of $520 million, subject to certain customary purchase price adjustments. The sales of CIT and CFT are consistent with the Company's pivot to a pure play building products company, employing a capital allocation approach to its highest returning businesses. A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows: Three Months Ended September 30, 2024 CIT CFT Other Total Revenues $ — $ — $ — $ — Cost of goods sold — — — — Other operating expenses, net — — — — Operating loss — — — — Other non-operating expense, net 0.6 4.2 1.9 6.7 Loss from discontinued operations before income taxes and (gain) loss on sale (0.6) (4.2) (1.9) (6.7) (Gain) loss on sale of discontinued operations (2.6) 0.3 — (2.3) Income (loss) from discontinued operations before income taxes 2.0 (4.5) (1.9) (4.4) Benefit from income taxes (0.6) (1.1) (0.4) (2.1) Income (loss) from discontinued operations $ 2.6 $ (3.4) $ (1.5) $ (2.3) Three Months Ended September 30, 2023 CIT CFT Other Total Revenues $ 218.2 $ 76.4 $ — $ 294.6 Cost of goods sold 162.7 42.4 — 205.1 Other operating expenses, net 30.2 17.2 — 47.4 Operating income 25.3 16.8 — 42.1 Other non-operating (income) expense, net (0.2) (0.7) 0.7 (0.2) Income (loss) from discontinued operations before income taxes and loss from classification to held for sale 25.5 17.5 (0.7) 42.3 Loss (gain) on sale of discontinued operations (1) 2.7 (3.6) — (0.9) Income (loss) from discontinued operations before income taxes 22.8 21.1 (0.7) 43.2 (Benefit from) provision for income taxes (11.2) 5.4 0.3 (5.5) Income (loss) from discontinued operations $ 34.0 $ 15.7 $ (1.0) $ 48.7 (1) Includes expenses related to legal fees and stock-based compensation that were related to the sales of CFT and CIT, which are incorporated into the (gain)/loss on sale of discontinued operations upon the close of the sale, but incurred prior to the close of the transaction. Nine Months Ended September 30, 2024 CIT CFT Other Total Revenues $ 328.6 $ — $ — $ 328.6 Cost of goods sold 237.5 — — 237.5 Other operating expenses, net 34.4 — — 34.4 Operating income 56.7 — — 56.7 Other non-operating expense, net 0.5 11.8 3.4 15.7 Income (loss) from discontinued operations before income taxes and loss on sale 56.2 (11.8) (3.4) 41.0 (Gain) loss on sale of discontinued operations (457.3) 0.6 — (456.7) Income (loss) from discontinued operations before income taxes 513.5 (12.4) (3.4) 497.7 Provision for (benefit from) income taxes 56.4 (3.8) (1.2) 51.4 Income (loss) from discontinued operations $ 457.1 $ (8.6) $ (2.2) $ 446.3 Nine Months Ended September 30, 2023 CIT CFT Other Total Revenues $ 650.6 $ 227.1 $ — $ 877.7 Cost of goods sold 496.9 129.5 — 626.4 Impairment (1) — 24.8 — 24.8 Other operating expenses, net 99.6 55.5 — 155.1 Operating income 54.1 17.3 — 71.4 Other non-operating expense (income), net 0.2 (0.2) 1.3 1.3 Income (loss) from discontinued operations before income taxes and loss from classification to held for sale 53.9 17.5 (1.3) 70.1 Loss on sale of discontinued operations (2) 2.7 47.2 — 49.9 Income (loss) from discontinued operations before income taxes 51.2 (29.7) (1.3) 20.2 Benefit from income taxes (5.8) (7.0) (1.7) (14.5) Income (loss) from discontinued operations $ 57.0 $ (22.7) $ 0.4 $ 34.7 (1) In the second quarter of 2023, as a result of the anticipated sale of the CFT reporting unit, the Company evaluated the reporting unit for impairment and determined that it was more likely than not that the carrying value of the reporting unit exceeded its fair value. Accordingly, an impairment analysis was performed that resulted in a goodwill impairment charge of $24.8 million. (2) Includes expenses related to legal fees, stock-based compensation, and loss on valuation allowance that were related to the sales of CFT and CIT, which are incorporated into the (gain)/loss on sale of discontinued operations upon the close of the sale, but incurred prior to the close of the transaction. Expense reflected in CIT, CFT and Other in the third quarter and CFT and Other the first nine months of 2024 are primarily related to legal matters related to the sold businesses. A summary of the carrying amounts of major assets and liabilities of CIT, which were classified as held for sale in the Condensed Consolidated Balance Sheets, follows: (in millions) December 31, ASSETS Cash and cash equivalents $ 28.8 Receivables, net 145.5 Inventories 149.5 Contract assets 75.9 Prepaid other current assets 23.7 Property, plant, and equipment, net 183.4 Goodwill 838.0 Other intangible assets, net 259.3 Other long-term assets 21.5 Total assets of the disposal group classified as held for sale $ 1,725.6 LIABILITIES Accounts payable $ 84.3 Contract liabilities 1.4 Accrued liabilities and other 52.4 Other long-term liabilities 80.7 Total liabilities of the disposal group classified as held for sale $ 218.8 A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows: Nine Months Ended September 30, 2024 (in millions) CIT CFT Other Total Net cash provided by (used in) operating activities $ 9.0 $ (8.6) $ (2.2) $ (1.8) Net cash provided by investing activities 1,986.3 — — 1,986.3 Net cash (used in) provided by financing activities (1) (2,024.1) 8.6 2.2 (2,013.3) Change in cash and cash equivalents from discontinued operations (28.8) — — (28.8) Cash and cash equivalents from discontinued operations at beginning of period 28.8 — — 28.8 Cash and cash equivalents from discontinued operations at end of period $ — $ — $ — $ — Nine Months Ended September 30, 2023 (in millions) CIT CFT Other Total Net cash provided by operating activities $ 99.4 $ 50.7 $ 0.4 $ 150.5 Net cash used in investing activities (17.4) (1.6) — (19.0) Net cash used in financing activities (1) (87.1) (56.0) (0.4) (143.5) Change in cash and cash equivalents from discontinued operations (5.1) (6.9) — (12.0) Cash and cash equivalents from discontinued operations at beginning of period 23.9 11.3 — 35.2 Cash and cash equivalents from discontinued operations at end of period $ 18.8 $ 4.4 $ — $ 23.2 (1) Represents (repayments) or borrowings from the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The Company’s restricted shares contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. The computation below of earnings per share excludes income attributable to the unvested restricted shares from the numerator and excludes the dilutive impact of those underlying shares from the denominator. The computation below of earnings per share includes the income attributable to the vested and deferred restricted shares and restricted stock units in the numerator and includes the dilutive impact of those underlying shares in the denominator. Stock options are included in the calculation of diluted earnings per share utilizing the treasury stock method and performance share awards are included in the calculation of diluted earnings per share considering those are contingently issuable. Neither is considered to be a participating security as they do not contain non-forfeitable dividend rights. Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows: Three Months Ended Nine Months Ended (in millions, except per share amounts and percentages) 2024 2023 2024 2023 Income from continuing operations $ 246.6 $ 216.9 $ 702.7 $ 527.2 Less: dividends declared 45.9 42.2 127.7 119.5 Undistributed earnings 200.7 174.7 575.0 407.7 Percent allocated to common stockholders (1) 99.8 % 99.8 % 99.8 % 99.8 % Undistributed earnings allocated to common stockholders 200.3 174.3 573.9 406.7 Add: dividends declared to common shares, restricted share units and vested and deferred restricted and performance shares 45.8 42.1 127.4 119.3 Income from continuing operations attributable to common stockholders $ 246.1 $ 216.4 $ 701.3 $ 526.0 Shares: Basic weighted-average shares outstanding 45.9 49.5 47.0 50.4 Effect of dilutive securities: Performance awards 0.2 0.2 0.2 0.2 Stock options 0.4 0.4 0.4 0.4 Diluted weighted-average shares outstanding 46.5 50.1 47.6 51.0 Per share income from continuing operations attributable to common shares: Basic $ 5.36 $ 4.37 $ 14.93 $ 10.43 Diluted $ 5.30 $ 4.32 $ 14.74 $ 10.32 (1) Basic weighted-average shares outstanding 45.9 49.5 47.0 50.4 Basic weighted-average shares outstanding and unvested restricted shares expected to vest 46.0 49.6 47.1 50.6 Percent allocated to common stockholders 99.8 % 99.8 % 99.8 % 99.8 % To calculate earnings per share for income from discontinued operations and for net income, the denominator for both basic and diluted earnings per share is the same as used in the above table. Three Months Ended Nine Months Ended (in millions) 2024 2023 2024 2023 (Loss) income from discontinued operations attributable to common stockholders for basic and diluted earnings per share $ (2.3) $ 48.6 $ 445.4 $ 34.7 Net income attributable to common stockholders for basic and diluted earnings per share 243.8 264.9 1,146.8 560.5 Anti-dilutive stock options excluded from earnings per share calculation (1) — 0.6 0.1 0.7 (1) Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company receives payment at the inception of the contract for separately priced extended service warranties, and revenue is deferred and recognized on a straight-line basis over the life of the contracts. Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2024, follows: (in millions) Remainder of 2024 2025 2026 2027 2028 2029 Thereafter Extended service warranties $ 7.1 $ 28.0 $ 27.0 $ 25.9 $ 24.9 $ 23.9 $ 206.4 The Company has applied the practical expedient to not disclose information about remaining performance obligations that have original expected durations of one year or less. Contract Balances Contract liabilities relate to payments received in advance of performance under a contract, primarily related to extended service warranties in the CCM and CWT reportable segments. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. A summary of the change in contract liabilities for the nine months ended September 30, follows: (in millions) 2024 2023 Balance as of January 1 $ 324.0 $ 294.8 Revenue recognized (21.5) (20.1) Revenue deferred 40.7 40.1 Balance as of September 30 $ 343.2 $ 314.8 Revenues by End-Market A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenues by segment follows: Three Months Ended September 30, 2024 (in millions) CCM CWT Total General construction: Non-residential $ 922.2 $ 161.6 $ 1,083.8 Residential 76.0 141.5 217.5 Total construction 998.2 303.1 1,301.3 Heavy equipment — 26.1 26.1 General industrial and other — 6.2 6.2 Total revenues $ 998.2 $ 335.4 $ 1,333.6 Three Months Ended September 30, 2023 (in millions) CCM CWT Total General construction: Non-residential $ 839.8 $ 141.8 $ 981.6 Residential 74.2 173.4 247.6 Total construction 914.0 315.2 1,229.2 Heavy equipment — 26.3 26.3 General industrial and other — 4.3 4.3 Total revenues $ 914.0 $ 345.8 $ 1,259.8 Nine Months Ended September 30, 2024 (in millions) CCM CWT Total General construction: Non-residential $ 2,647.8 $ 459.4 $ 3,107.2 Residential 222.9 451.0 673.9 Total construction 2,870.7 910.4 3,781.1 Heavy equipment — 81.9 81.9 General industrial and other — 17.7 17.7 Total revenues $ 2,870.7 $ 1,010.0 $ 3,880.7 Nine Months Ended September 30, 2023 (in millions) CCM CWT Total General construction: Non-residential $ 2,235.7 $ 418.9 $ 2,654.6 Residential 201.8 510.9 712.7 Total construction 2,437.5 929.8 3,367.3 Heavy equipment — 80.8 80.8 General industrial and other — 11.3 11.3 Total revenues $ 2,437.5 $ 1,021.9 $ 3,459.4 Revenues by Geographic Area A summary of revenues based on the region to which the product was delivered and reconciliation of disaggregated revenues by segment follows: Three Months Ended September 30, 2024 (in millions) CCM CWT Total United States $ 902.4 $ 297.1 $ 1,199.5 International: Europe 62.2 4.9 67.1 North America (excluding U.S.) 26.0 28.8 54.8 Asia and Middle East 5.7 2.0 7.7 Africa — 1.1 1.1 Other 1.9 1.5 3.4 Total international 95.8 38.3 134.1 Total revenues $ 998.2 $ 335.4 $ 1,333.6 Three Months Ended September 30, 2023 (in millions) CCM CWT Total United States $ 830.0 $ 305.4 $ 1,135.4 International: Europe 52.1 4.3 56.4 North America (excluding U.S.) 24.1 29.9 54.0 Asia and Middle East 6.0 2.5 8.5 Africa 0.3 2.0 2.3 Other 1.5 1.7 3.2 Total international 84.0 40.4 124.4 Total revenues $ 914.0 $ 345.8 $ 1,259.8 Nine Months Ended September 30, 2024 (in millions) CCM CWT Total United States $ 2,608.5 $ 895.5 $ 3,504.0 International: Europe 176.1 15.7 191.8 North America (excluding U.S.) 66.1 85.7 151.8 Asia and Middle East 13.5 5.5 19.0 Africa 0.3 2.7 3.0 Other 6.2 4.9 11.1 Total international 262.2 114.5 376.7 Total revenues $ 2,870.7 $ 1,010.0 $ 3,880.7 Nine Months Ended September 30, 2023 (in millions) CCM CWT Total United States $ 2,194.4 $ 903.5 $ 3,097.9 International: Europe 156.9 14.3 171.2 North America (excluding U.S.) 67.3 87.3 154.6 Asia and Middle East 13.1 7.1 20.2 Africa 0.9 4.5 5.4 Other 4.9 5.2 10.1 Total international 243.1 118.4 361.5 Total revenues $ 2,437.5 $ 1,021.9 $ 3,459.4

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation cost by award type follows: (in millions) Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock option awards $ 3.5 $ 3.6 $ 10.8 $ 11.0 Performance share awards 2.7 2.2 7.4 6.8 Restricted stock awards 1.8 1.8 7.4 6.6 Total stock-based compensation cost incurred 8.0 7.6 25.6 24.4 Capitalized cost during the period (0.7) (1.1) (2.5) (3.4) Amortization of capitalized cost during the period 0.7 1.1 2.6 3.6 Total stock-based compensation expense $ 8.0 $ 7.6 $ 25.7 $ 24.6

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate on continuing operations for the nine months ended September 30, 2024, was 22.7%. The year-to-date provision for income taxes included taxes on earnings at an anticipated rate of 23.7% and a tax benefit of $9.2 million of discrete activity primarily related to excess tax benefits from employee stock compensation. The effective income tax rate on continuing operations for the nine months ended September 30, 2023, was 23.1%.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories (in millions) September 30, December 31, Raw materials $ 156.8 $ 120.9 Work-in-process 26.1 26.2 Finished goods 289.5 222.5 Reserves (10.0) (7.9) Inventories $ 462.4 $ 361.7

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities (in millions) September 30, December 31, Customer incentives $ 96.2 $ 112.7 Compensation and benefits 87.7 77.2 Standard product warranties 28.6 24.9 Income and other accrued taxes 30.5 19.9 Other accrued liabilities 67.4 58.2 Accrued and other current liabilities $ 310.4 $ 292.9 Standard Product Warranties The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems. The Company’s liability for such warranty programs is included in accrued and other current liabilities. The change in standard product warranty liabilities for the nine months ended September 30, follows: (in millions) 2024 2023 Balance as of January 1 $ 24.9 $ 25.2 Provision 15.2 10.3 Acquired warranty obligations 0.8 — Claims (12.4) (12.0) Foreign exchange 0.1 (0.1) Balance as of September 30 $ 28.6 $ 23.4

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt (in millions) Fair Value (1) September 30, December 31, September 30, December 31, 2.20% Notes due 2032 $ 550.0 $ 550.0 $ 465.5 $ 445.9 2.75% Notes due 2030 750.0 750.0 689.2 666.2 3.75% Notes due 2027 600.0 600.0 590.0 575.2 3.50% Notes due 2024 400.0 400.0 398.6 392.5 Unamortized discount, debt issuance costs and other (9.8) (10.6) Total long term-debt 2,290.2 2,289.4 Less: current portion of debt 403.0 402.7 Long term-debt, less current portion $ 1,887.2 $ 1,886.7 (1) The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy. Revolving Credit Facility On April 3, 2024, the Company and Carlisle, LLC, as co-borrowers, entered into a Fifth Amended and Restated Credit Agreement (the "Credit Agreement") with JPMorgan Chase Bank, N.A. as administrative agent, and the lenders party thereto. The Credit Agreement provides for a $1.0 billion unsecured revolving line of credit with a maturity date of April 3, 2029 and amends and restates the Company's Fourth Amended and Restated Credit Agreement, as amended (the "Prior Credit Agreement"), which was scheduled to expire on February 5, 2025. Borrowings under the Credit Agreement bear interest, at the Company's election, (i) at the Base Rate plus a margin ranging from 0.00% to 0.50% or (ii) at the applicable benchmark rate plus a margin ranging from 0.825% to 1.500%, in each case, based on the Company’s debt rating from time to time. The benchmark rate for loans denominated in (i) U.S. dollars is the Adjusted Term SOFR Rate, (ii) Canadian dollars is the Adjusted Term CORRA Rate, (iii) Sterling is Daily Simple SONIA, (iv) euros is the Adjusted EURIBOR Rate and (v) yen is Adjusted TIBOR Rate. The commitments are also subject to a facility fee on the daily aggregate amount of the revolving commitment (whether used or unused) ranging from 0.05% to 0.25% based on the Company’s debt rating from time to time. Funding of the loans under the Credit Agreement is subject to customary drawdown conditions. The Company incurred $1.9 million of financing costs in the second quarter of 2024 in connection with finalizing the Credit Agreement, which together with any existing unamortized costs, will be recognized ratably over the new extended maturity date of the Credit Agreement. During the nine months ended September 30, 2024, borrowings and repayments under the Credit Agreement totaled $22.0 million with a weighted average interest rate of 8.50%. As of September 30, 2024 and December 31, 2023, the Company had no outstanding balance and $1.0 billion available for use under the Credit Agreement and the Prior Credit Agreement, respectively. Covenants and Limitations Under the Company’s debt and credit facilities, the Company is required to meet various covenants and limitations, including limitations on certain leverage ratios, interest coverage and limits on outstanding debt balances held by certain subsidiaries. The Company was in compliance with all financial covenants and limitations as of September 30, 2024 and December 31, 2023. Letters of Credit and Guarantees During the normal course of business, the Company enters into commitments in the form of letters of credit and bank guarantees to provide its own financial and performance assurance to third parties. The Company has not issued any guarantees on behalf of any third parties. As of September 30, 2024 and December 31, 2023, the Company had $22.9 million and $17.6 million in letters of credit and bank guarantees outstanding. The Company has multiple arrangements to obtain letters of credit, which include an agreement with unspecified availability and separate agreements for up to $80.0 million in letters of credit, of which $57.1 million was available for use as of September 30, 2024.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Defined Benefit Plans The Company recognizes net periodic benefit cost based on the actuarial analysis performed at the previous year end, adjusted if certain significant events occur during the year. The components of net periodic benefit cost follows: Three Months Ended Nine Months Ended (in millions) 2024 2023 2024 2023 Service cost $ 0.6 $ 0.5 $ 1.7 $ 1.6 Interest cost 1.5 1.6 4.5 4.7 Expected return on plan assets (2.0) (2.0) (5.9) (6.1) Amortization of unrecognized loss (1) 0.6 0.3 1.8 1.0 Net periodic benefit cost $ 0.7 $ 0.4 $ 2.1 $ 1.2 (1) Includes amortization of unrecognized actuarial (gain) loss and prior service credits and excludes provision for income tax of $(0.1) million and $(0.4) million for the three and nine months ended September 30, 2024, respectively, and $(0.1) million and $(0.2) million for the three and nine months ended September 30, 2023, respectively. The components of net periodic benefit cost, other than the service cost component, are included in other non-operating expense, net. Subsequent Event In October 2024, the Company entered into an agreement under which approximately $55 million of $134.3 million in pension obligations in its defined benefit pension plans were transferred to an insurance company. Under the agreement, the Company will purchase a group annuity contract for approximately 1,300 plan participants that will provide for an irrevocable commitment to make annuity payments to the affected participants. The payment obligation for the affected participants will be transferred from the pension plans to the insurance company. The transfer will not change the amount of the monthly pension benefits received by the affected participants. The purchase of the group annuity contract will be funded through existing plan assets. The Company expects to recognize a non-cash pension settlement charge of approximately $21 million before tax in the fourth quarter of 2024. This charge represents the acceleration of deferred charges currently accrued in accumulated other comprehensive loss. The actual amount of the settlement charge will depend on the value of plan assets and the discount rate as of the measurement date.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Foreign Currency Forward Contracts The Company uses foreign currency forward contracts to hedge a portion of its foreign currency exchange rate exposure to forecasted foreign currency denominated cash flows. These instruments are not held for speculative or trading purposes. A summary of the Company's designated and non-designated hedges follows: September 30, 2024 December 31, 2023 (in millions) Fair Value (1) Notional Value Fair Value (1) Notional Value Designated hedges $ (0.3) $ 30.2 $ (0.9) $ 26.6 Non-designated hedges (0.2) 33.8 (0.6) 56.4 (1) The fair value of foreign currency forward contracts is included in other current assets (accrued and other current liabilities). The fair value was estimated using observable market inputs such as forward and spot prices of the underlying exchange rate pair. Based on these inputs, derivative assets and liabilities are classified as Level 2 in the fair value hierarchy. Designated Hedges For instruments that are designated and qualify as cash flow hedges, the Company had foreign currency forward contracts with maturities less than one year. The changes in the fair value of the contracts are recorded in accumulated other comprehensive income (loss) and recognized in the same line item as the impact of the hedged item, revenues or cost of sales, when the underlying forecasted transaction impacts earnings. The change in accumulated other comprehensive loss related to foreign currency cash flow hedges was immaterial for the three and nine months ended September 30, 2024 and 2023. Gains and losses on the contracts representing hedge components excluded from the assessment of hedge effectiveness are recognized in the same line item as the hedged item, revenues or cost of sales, currently. Non-Designated Hedges For instruments that are not designated as a cash flow hedge, the Company had foreign exchange contracts with maturities less than one year. The unrealized gains and losses resulting from these contracts were immaterial for the three and nine months ended September 30, 2024 and 2023, and are recognized in other non-operating expense, net and partially offset corresponding foreign exchange gains and losses on these balances. Rabbi Trust The Company has established a Rabbi Trust to provide for a degree of financial security to cover its obligations under its deferred compensation plan. Contributions to the Rabbi Trust by the Company are made at the discretion of management and generally are made in cash and invested in money-market funds. The Company consolidates the Rabbi Trust and therefore includes the investments in its Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023, the Company had $4.3 million and $4.4 million of cash, respectively, and $12.3 million and $11.5 million of short-term investments, respectively. The short-term investments are classified as trading securities and are measured at fair value using quoted market prices in active markets (i.e., Level 1 measurements) with changes in fair value recorded in net income and the associated cash flows presented as operating cash flows. Investment Securities In accordance with its investment policy, the Company invests its excess cash from time-to-time in investment grade bonds and other securities to achieve higher yields. As of September 30, 2024 and December 31, 2023, the Company had $20.1 million and $19.8 million of investment grade bonds, respectively. The investment grade bonds are classified as available-for-sale and measured at fair value using quoted market prices in active markets (i.e., Level 1 measurements) with changes in fair value recorded in accumulated comprehensive income (loss), until realized, and the associated cash flows presented as investing cash flows. Other Financial Instruments Other financial instruments include cash and cash equivalents, accounts receivable, net, accounts payable, accrued expenses and long-term debt. The carrying value for cash and cash equivalents, accounts receivable, net, accounts payable and accrued expenses approximates fair value because of their short-term nature and generally negligible credit losses (refer to Note 12 for the fair value of long-term debt).

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation Over the years, the Company has been named as a defendant, along with numerous other defendants, in lawsuits in various courts in which plaintiffs have alleged injury due to exposure to asbestos-containing friction products produced and sold predominantly by the Company’s discontinued Motion Control business between the late-1940s and the mid-1980s and roofing products produced and sold by Henry Company LLC, which the Company acquired on September 1, 2021. The Company has been subject to liabilities for indemnity and defense costs associated with these lawsuits. The Company has recorded a liability for estimated indemnity costs associated with pending and future asbestos claims. As of September 30, 2024, the Company believes that its accrual for these costs is not material to the Company's financial position, results of operations, or operating cash flows. The Company recognizes expenses for defense costs associated with asbestos claims during the periods in which they are incurred. Refer to the 2023 Annual Report on Form 10-K for the Company's accounting policy related to litigation defense costs. The Company currently maintains insurance coverage and is the beneficiary of other arrangements that provide coverage with respect to asbestos-related claims and associated defense costs. The Company records the insurance coverage as a receivable in an amount it reasonably estimates is probable of recovery for pending and future asbestos-related indemnity claims. Since the Company’s insurance coverage contains various exclusions, limits of coverage and self-insured retentions and may be subject to insurance coverage disputes, the Company may incur expenses for indemnity and defense costs and recognize income from insurance recoveries in different periods, as such recoveries are recorded only if and when it becomes probable that such costs will be covered by insurance. The Company is also involved in various other legal actions and proceedings arising in the ordinary course of business. In the opinion of management, the ultimate outcomes of such actions and proceedings, either individually or in the aggregate, are not expected to have a material adverse effect on the Company’s financial position, results of operations, or operating cash flows.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 244.3	$ 265.6	$ 1,149	$ 561.9

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by Carlisle Companies Incorporated (the "Company" or "Carlisle"). The accompanying unaudited Condensed Consolidated Financial Statements do not include all disclosures as required by accounting principles generally accepted in the United States of America ("United States" or "U.S."), and should be read in conjunction with the Company’s audited Consolidated Financial Statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report on Form 10-K"). The accompanying unaudited Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the U.S. and, of necessity, include some amounts that are based upon management estimates and judgments. The accompanying unaudited Condensed Consolidated Financial Statements include assets, liabilities, revenues and expenses of all majority-owned subsidiaries. Intercompany transactions and balances are eliminated in consolidation.
Discontinued Operations	Discontinued Operations
New Accounting Standards Issued Recently Adopted/ But Not Yet Adopted	New Accounting Standards Issued Recently Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (" ASU 2023-07"), which is intended to improve reportable segment disclosure requirements through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for the Company's fiscal year beginning January 1, 2024 and requires the use of a retrospective approach to all prior periods presented. The Company adopted the standard on January 1, 2024, and plans to adopt the standard for interim periods beginning January 1, 2025. The Company is evaluating the potential impact of its adoption of ASU 2023-07 on the Company's audited Consolidated Financial Statements but does not anticipate that such an adoption will have a material impact. New Accounting Standards Issued But Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"), which is intended to improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. ASU 2023-09 also includes certain other amendments intended to improve the effectiveness of income tax disclosures. ASU 2023-09 is effective for the Company's fiscal year beginning January 1, 2025 and allows the use of a prospective or retrospective approach. The Company plans to adopt the standard on January 1, 2025 and has not yet determined the potential impact of its adoption of ASU 2023-09 on the Company's audited Consolidated Financial Statements.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Summary of Net Sales and Earnings Before Interest and Taxes ("EBIT")	A summary of segment information follows: Three Months Ended September 30, 2024 2023 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 998.2 $ 303.0 $ 914.0 $ 272.5 Carlisle Weatherproofing Technologies 335.4 46.8 345.8 58.8 Segment total 1,333.6 349.8 1,259.8 331.3 Corporate and unallocated (1) — (33.4) — (31.4) Total $ 1,333.6 $ 316.4 $ 1,259.8 $ 299.9 Nine Months Ended September 30, 2024 2023 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 2,870.7 $ 861.0 $ 2,437.5 $ 675.6 Carlisle Weatherproofing Technologies 1,010.0 148.2 1,021.9 142.4 Segment total 3,880.7 1,009.2 3,459.4 818.0 Corporate and unallocated (1) — (90.1) — (88.8) Total $ 3,880.7 $ 919.1 $ 3,459.4 $ 729.2 (1) Corporate operating loss includes other unallocated costs, primarily general corporate expenses.

Acquisitions (Tables)

Acquisitions (Tables) - MTL Holdings LLC	9 Months Ended
	Sep. 30, 2024
Acquisitions
Summary of Consideration Transferred and Allocation of the Consideration to Acquired Assets and Assumed Liabilities	The following table summarizes the consideration transferred to acquire MTL and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed. The acquisition has been accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities. Preliminary Allocation Measurement Period Adjustments Preliminary Allocation (in millions) As of As of Total cash consideration transferred $ 423.1 $ 1.5 $ 424.6 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 10.3 — 10.3 Receivables, net 14.0 — 14.0 Inventories 17.2 — 17.2 Prepaid expenses and other current assets 0.9 — 0.9 Property, plant and equipment 10.7 — 10.7 Definite-lived intangible assets 248.3 — 248.3 Other long-term assets 8.1 — 8.1 Accounts payable (5.9) — (5.9) Accrued and other current liabilities (6.1) — (6.1) Deferred income taxes (6.9) — (6.9) Other long-term liabilities (6.7) — (6.7) Total identifiable net assets 283.9 — 283.9 Goodwill $ 139.2 $ 1.5 $ 140.7
Summary of Acquired Definite-lived Intangible Assets	The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows: (in millions) Fair Value Weighted Average Useful Life (in years) Customer relationships $ 183.1 13 Trade names 44.6 19 Technologies 18.1 11 Software 2.5 5 Total $ 248.3

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Summary Activity of Discontinued Operations	A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows: Three Months Ended September 30, 2024 CIT CFT Other Total Revenues $ — $ — $ — $ — Cost of goods sold — — — — Other operating expenses, net — — — — Operating loss — — — — Other non-operating expense, net 0.6 4.2 1.9 6.7 Loss from discontinued operations before income taxes and (gain) loss on sale (0.6) (4.2) (1.9) (6.7) (Gain) loss on sale of discontinued operations (2.6) 0.3 — (2.3) Income (loss) from discontinued operations before income taxes 2.0 (4.5) (1.9) (4.4) Benefit from income taxes (0.6) (1.1) (0.4) (2.1) Income (loss) from discontinued operations $ 2.6 $ (3.4) $ (1.5) $ (2.3) Three Months Ended September 30, 2023 CIT CFT Other Total Revenues $ 218.2 $ 76.4 $ — $ 294.6 Cost of goods sold 162.7 42.4 — 205.1 Other operating expenses, net 30.2 17.2 — 47.4 Operating income 25.3 16.8 — 42.1 Other non-operating (income) expense, net (0.2) (0.7) 0.7 (0.2) Income (loss) from discontinued operations before income taxes and loss from classification to held for sale 25.5 17.5 (0.7) 42.3 Loss (gain) on sale of discontinued operations (1) 2.7 (3.6) — (0.9) Income (loss) from discontinued operations before income taxes 22.8 21.1 (0.7) 43.2 (Benefit from) provision for income taxes (11.2) 5.4 0.3 (5.5) Income (loss) from discontinued operations $ 34.0 $ 15.7 $ (1.0) $ 48.7 (1) Includes expenses related to legal fees and stock-based compensation that were related to the sales of CFT and CIT, which are incorporated into the (gain)/loss on sale of discontinued operations upon the close of the sale, but incurred prior to the close of the transaction. Nine Months Ended September 30, 2024 CIT CFT Other Total Revenues $ 328.6 $ — $ — $ 328.6 Cost of goods sold 237.5 — — 237.5 Other operating expenses, net 34.4 — — 34.4 Operating income 56.7 — — 56.7 Other non-operating expense, net 0.5 11.8 3.4 15.7 Income (loss) from discontinued operations before income taxes and loss on sale 56.2 (11.8) (3.4) 41.0 (Gain) loss on sale of discontinued operations (457.3) 0.6 — (456.7) Income (loss) from discontinued operations before income taxes 513.5 (12.4) (3.4) 497.7 Provision for (benefit from) income taxes 56.4 (3.8) (1.2) 51.4 Income (loss) from discontinued operations $ 457.1 $ (8.6) $ (2.2) $ 446.3 Nine Months Ended September 30, 2023 CIT CFT Other Total Revenues $ 650.6 $ 227.1 $ — $ 877.7 Cost of goods sold 496.9 129.5 — 626.4 Impairment (1) — 24.8 — 24.8 Other operating expenses, net 99.6 55.5 — 155.1 Operating income 54.1 17.3 — 71.4 Other non-operating expense (income), net 0.2 (0.2) 1.3 1.3 Income (loss) from discontinued operations before income taxes and loss from classification to held for sale 53.9 17.5 (1.3) 70.1 Loss on sale of discontinued operations (2) 2.7 47.2 — 49.9 Income (loss) from discontinued operations before income taxes 51.2 (29.7) (1.3) 20.2 Benefit from income taxes (5.8) (7.0) (1.7) (14.5) Income (loss) from discontinued operations $ 57.0 $ (22.7) $ 0.4 $ 34.7 (1) In the second quarter of 2023, as a result of the anticipated sale of the CFT reporting unit, the Company evaluated the reporting unit for impairment and determined that it was more likely than not that the carrying value of the reporting unit exceeded its fair value. Accordingly, an impairment analysis was performed that resulted in a goodwill impairment charge of $24.8 million. (2) Includes expenses related to legal fees, stock-based compensation, and loss on valuation allowance that were related to the sales of CFT and CIT, which are incorporated into the (gain)/loss on sale of discontinued operations upon the close of the sale, but incurred prior to the close of the transaction. A summary of the carrying amounts of major assets and liabilities of CIT, which were classified as held for sale in the Condensed Consolidated Balance Sheets, follows: (in millions) December 31, ASSETS Cash and cash equivalents $ 28.8 Receivables, net 145.5 Inventories 149.5 Contract assets 75.9 Prepaid other current assets 23.7 Property, plant, and equipment, net 183.4 Goodwill 838.0 Other intangible assets, net 259.3 Other long-term assets 21.5 Total assets of the disposal group classified as held for sale $ 1,725.6 LIABILITIES Accounts payable $ 84.3 Contract liabilities 1.4 Accrued liabilities and other 52.4 Other long-term liabilities 80.7 Total liabilities of the disposal group classified as held for sale $ 218.8 A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows: Nine Months Ended September 30, 2024 (in millions) CIT CFT Other Total Net cash provided by (used in) operating activities $ 9.0 $ (8.6) $ (2.2) $ (1.8) Net cash provided by investing activities 1,986.3 — — 1,986.3 Net cash (used in) provided by financing activities (1) (2,024.1) 8.6 2.2 (2,013.3) Change in cash and cash equivalents from discontinued operations (28.8) — — (28.8) Cash and cash equivalents from discontinued operations at beginning of period 28.8 — — 28.8 Cash and cash equivalents from discontinued operations at end of period $ — $ — $ — $ — Nine Months Ended September 30, 2023 (in millions) CIT CFT Other Total Net cash provided by operating activities $ 99.4 $ 50.7 $ 0.4 $ 150.5 Net cash used in investing activities (17.4) (1.6) — (19.0) Net cash used in financing activities (1) (87.1) (56.0) (0.4) (143.5) Change in cash and cash equivalents from discontinued operations (5.1) (6.9) — (12.0) Cash and cash equivalents from discontinued operations at beginning of period 23.9 11.3 — 35.2 Cash and cash equivalents from discontinued operations at end of period $ 18.8 $ 4.4 $ — $ 23.2 (1)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Summary of Basic and Diluted Earnings Per Share	Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows: Three Months Ended Nine Months Ended (in millions, except per share amounts and percentages) 2024 2023 2024 2023 Income from continuing operations $ 246.6 $ 216.9 $ 702.7 $ 527.2 Less: dividends declared 45.9 42.2 127.7 119.5 Undistributed earnings 200.7 174.7 575.0 407.7 Percent allocated to common stockholders (1) 99.8 % 99.8 % 99.8 % 99.8 % Undistributed earnings allocated to common stockholders 200.3 174.3 573.9 406.7 Add: dividends declared to common shares, restricted share units and vested and deferred restricted and performance shares 45.8 42.1 127.4 119.3 Income from continuing operations attributable to common stockholders $ 246.1 $ 216.4 $ 701.3 $ 526.0 Shares: Basic weighted-average shares outstanding 45.9 49.5 47.0 50.4 Effect of dilutive securities: Performance awards 0.2 0.2 0.2 0.2 Stock options 0.4 0.4 0.4 0.4 Diluted weighted-average shares outstanding 46.5 50.1 47.6 51.0 Per share income from continuing operations attributable to common shares: Basic $ 5.36 $ 4.37 $ 14.93 $ 10.43 Diluted $ 5.30 $ 4.32 $ 14.74 $ 10.32 (1) Basic weighted-average shares outstanding 45.9 49.5 47.0 50.4 Basic weighted-average shares outstanding and unvested restricted shares expected to vest 46.0 49.6 47.1 50.6 Percent allocated to common stockholders 99.8 % 99.8 % 99.8 % 99.8 %
Summary of Antidilutive Securities Excluded From Computation of Earnings Per Share	To calculate earnings per share for income from discontinued operations and for net income, the denominator for both basic and diluted earnings per share is the same as used in the above table. Three Months Ended Nine Months Ended (in millions) 2024 2023 2024 2023 (Loss) income from discontinued operations attributable to common stockholders for basic and diluted earnings per share $ (2.3) $ 48.6 $ 445.4 $ 34.7 Net income attributable to common stockholders for basic and diluted earnings per share 243.8 264.9 1,146.8 560.5 Anti-dilutive stock options excluded from earnings per share calculation (1) — 0.6 0.1 0.7 (1) Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Summary of Remaining Performance Obligation	A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2024, follows: (in millions) Remainder of 2024 2025 2026 2027 2028 2029 Thereafter Extended service warranties $ 7.1 $ 28.0 $ 27.0 $ 25.9 $ 24.9 $ 23.9 $ 206.4
Summary of Change in Contract Liabilities	A summary of the change in contract liabilities for the nine months ended September 30, follows: (in millions) 2024 2023 Balance as of January 1 $ 324.0 $ 294.8 Revenue recognized (21.5) (20.1) Revenue deferred 40.7 40.1 Balance as of September 30 $ 343.2 $ 314.8
Summary of Reconciliation of Disaggregated Revenue	A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenues by segment follows: Three Months Ended September 30, 2024 (in millions) CCM CWT Total General construction: Non-residential $ 922.2 $ 161.6 $ 1,083.8 Residential 76.0 141.5 217.5 Total construction 998.2 303.1 1,301.3 Heavy equipment — 26.1 26.1 General industrial and other — 6.2 6.2 Total revenues $ 998.2 $ 335.4 $ 1,333.6 Three Months Ended September 30, 2023 (in millions) CCM CWT Total General construction: Non-residential $ 839.8 $ 141.8 $ 981.6 Residential 74.2 173.4 247.6 Total construction 914.0 315.2 1,229.2 Heavy equipment — 26.3 26.3 General industrial and other — 4.3 4.3 Total revenues $ 914.0 $ 345.8 $ 1,259.8 Nine Months Ended September 30, 2024 (in millions) CCM CWT Total General construction: Non-residential $ 2,647.8 $ 459.4 $ 3,107.2 Residential 222.9 451.0 673.9 Total construction 2,870.7 910.4 3,781.1 Heavy equipment — 81.9 81.9 General industrial and other — 17.7 17.7 Total revenues $ 2,870.7 $ 1,010.0 $ 3,880.7 Nine Months Ended September 30, 2023 (in millions) CCM CWT Total General construction: Non-residential $ 2,235.7 $ 418.9 $ 2,654.6 Residential 201.8 510.9 712.7 Total construction 2,437.5 929.8 3,367.3 Heavy equipment — 80.8 80.8 General industrial and other — 11.3 11.3 Total revenues $ 2,437.5 $ 1,021.9 $ 3,459.4 Revenues by Geographic Area A summary of revenues based on the region to which the product was delivered and reconciliation of disaggregated revenues by segment follows: Three Months Ended September 30, 2024 (in millions) CCM CWT Total United States $ 902.4 $ 297.1 $ 1,199.5 International: Europe 62.2 4.9 67.1 North America (excluding U.S.) 26.0 28.8 54.8 Asia and Middle East 5.7 2.0 7.7 Africa — 1.1 1.1 Other 1.9 1.5 3.4 Total international 95.8 38.3 134.1 Total revenues $ 998.2 $ 335.4 $ 1,333.6 Three Months Ended September 30, 2023 (in millions) CCM CWT Total United States $ 830.0 $ 305.4 $ 1,135.4 International: Europe 52.1 4.3 56.4 North America (excluding U.S.) 24.1 29.9 54.0 Asia and Middle East 6.0 2.5 8.5 Africa 0.3 2.0 2.3 Other 1.5 1.7 3.2 Total international 84.0 40.4 124.4 Total revenues $ 914.0 $ 345.8 $ 1,259.8 Nine Months Ended September 30, 2024 (in millions) CCM CWT Total United States $ 2,608.5 $ 895.5 $ 3,504.0 International: Europe 176.1 15.7 191.8 North America (excluding U.S.) 66.1 85.7 151.8 Asia and Middle East 13.5 5.5 19.0 Africa 0.3 2.7 3.0 Other 6.2 4.9 11.1 Total international 262.2 114.5 376.7 Total revenues $ 2,870.7 $ 1,010.0 $ 3,880.7 Nine Months Ended September 30, 2023 (in millions) CCM CWT Total United States $ 2,194.4 $ 903.5 $ 3,097.9 International: Europe 156.9 14.3 171.2 North America (excluding U.S.) 67.3 87.3 154.6 Asia and Middle East 13.1 7.1 20.2 Africa 0.9 4.5 5.4 Other 4.9 5.2 10.1 Total international 243.1 118.4 361.5 Total revenues $ 2,437.5 $ 1,021.9 $ 3,459.4

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Compensation Expense	Stock-based compensation cost by award type follows: (in millions) Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock option awards $ 3.5 $ 3.6 $ 10.8 $ 11.0 Performance share awards 2.7 2.2 7.4 6.8 Restricted stock awards 1.8 1.8 7.4 6.6 Total stock-based compensation cost incurred 8.0 7.6 25.6 24.4 Capitalized cost during the period (0.7) (1.1) (2.5) (3.4) Amortization of capitalized cost during the period 0.7 1.1 2.6 3.6 Total stock-based compensation expense $ 8.0 $ 7.6 $ 25.7 $ 24.6

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Summary of Inventories	(in millions) September 30, December 31, Raw materials $ 156.8 $ 120.9 Work-in-process 26.1 26.2 Finished goods 289.5 222.5 Reserves (10.0) (7.9) Inventories $ 462.4 $ 361.7

Accrued and Other Current Lia_2

Accrued and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Summary of Accrued Liabilities	(in millions) September 30, December 31, Customer incentives $ 96.2 $ 112.7 Compensation and benefits 87.7 77.2 Standard product warranties 28.6 24.9 Income and other accrued taxes 30.5 19.9 Other accrued liabilities 67.4 58.2 Accrued and other current liabilities $ 310.4 $ 292.9
Summary of Change in Standard Product Warranty Liabilities	The change in standard product warranty liabilities for the nine months ended September 30, follows: (in millions) 2024 2023 Balance as of January 1 $ 24.9 $ 25.2 Provision 15.2 10.3 Acquired warranty obligations 0.8 — Claims (12.4) (12.0) Foreign exchange 0.1 (0.1) Balance as of September 30 $ 28.6 $ 23.4

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary of Long-term Debt	(in millions) Fair Value (1) September 30, December 31, September 30, December 31, 2.20% Notes due 2032 $ 550.0 $ 550.0 $ 465.5 $ 445.9 2.75% Notes due 2030 750.0 750.0 689.2 666.2 3.75% Notes due 2027 600.0 600.0 590.0 575.2 3.50% Notes due 2024 400.0 400.0 398.6 392.5 Unamortized discount, debt issuance costs and other (9.8) (10.6) Total long term-debt 2,290.2 2,289.4 Less: current portion of debt 403.0 402.7 Long term-debt, less current portion $ 1,887.2 $ 1,886.7 (1) The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2024
Retirement Benefits [Abstract]
Summary of Components of Net Periodic Benefit Cost	The components of net periodic benefit cost follows: Three Months Ended Nine Months Ended (in millions) 2024 2023 2024 2023 Service cost $ 0.6 $ 0.5 $ 1.7 $ 1.6 Interest cost 1.5 1.6 4.5 4.7 Expected return on plan assets (2.0) (2.0) (5.9) (6.1) Amortization of unrecognized loss (1) 0.6 0.3 1.8 1.0 Net periodic benefit cost $ 0.7 $ 0.4 $ 2.1 $ 1.2 (1)

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Designated and Non-designated Cash Flow Hedges	A summary of the Company's designated and non-designated hedges follows: September 30, 2024 December 31, 2023 (in millions) Fair Value (1) Notional Value Fair Value (1) Notional Value Designated hedges $ (0.3) $ 30.2 $ (0.9) $ 26.6 Non-designated hedges (0.2) 33.8 (0.6) 56.4 (1) The fair value of foreign currency forward contracts is included in other current assets (accrued and other current liabilities). The fair value was estimated using observable market inputs such as forward and spot prices of the underlying exchange rate pair. Based on these inputs, derivative assets and liabilities are classified as Level 2 in the fair value hierarchy.

Segment Information - Summary o

Segment Information - Summary of Net Sales and Earnings Before Interest and Taxes ("EBIT") (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Net Sales, EBIT, Assets continuing operations by reportable segment
Number of reportable segments | segment			2
Revenues	$ 1,333.6	$ 1,259.8	$ 3,880.7	$ 3,459.4
Operating Income (Loss)	316.4	299.9	919.1	729.2
Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	1,333.6	1,259.8	3,880.7	3,459.4
Operating Income (Loss)	349.8	331.3	1,009.2	818
Corporate and unallocated
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	0	0	0	0
Operating Income (Loss)	(33.4)	(31.4)	(90.1)	(88.8)
Carlisle Construction Materials | Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	998.2	914	2,870.7	2,437.5
Operating Income (Loss)	303	272.5	861	675.6
Carlisle Weatherproofing Technologies | Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	335.4	345.8	1,010	1,021.9
Operating Income (Loss)	$ 46.8	$ 58.8	$ 148.2	$ 142.4

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions					3 Months Ended	5 Months Ended
	Oct. 17, 2024	Sep. 30, 2024	May 01, 2024	Nov. 08, 2023	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Acquisitions
Goodwill		$ 1,342			$ 1,342	$ 1,342	$ 1,202.5
MTL Holdings LLC
Acquisitions
Percentage of ownership interest acquired			100%
Cash consideration		424.6	$ 423.1
Cash acquired		10.3	10.3		10.3	10.3
Contribution to net sales since acquisition					33.3	55.2
Contribution to operating profit since acquisition					3.8	5.6
Gross contractual accounts receivable acquired			14.1
Accounts receivable not expected to be collected			0.1
Goodwill		140.7	139.2		140.7	140.7
Goodwill deductible for tax purposes			134
Deferred tax liabilities		6.9	6.9		6.9	6.9
Finite lived intangible assets consideration		248.3	248.3		248.3	248.3
Property, plant and equipment		10.7	10.7		10.7	10.7
Inventories		17.2	17.2		17.2	17.2
Accounts receivable		14	14		14	14
Accounts payable		5.9	5.9		5.9	5.9
Accrued and other current liabilities		$ 6.1	6.1		$ 6.1	$ 6.1
MTL Holdings LLC | Customer relationships
Acquisitions
Finite lived intangible assets consideration			$ 183.1
Useful life of finite lived intangible assets			13 years
Polar Industries, Inc.,
Acquisitions
Cash consideration				$ 36.1
Goodwill				20.9
Property, plant and equipment				9.4
Inventories				1.8
Accounts receivable				1.8
Accounts payable				0.2
Accrued and other current liabilities				0.2
Polar Industries, Inc., | Customer relationships
Acquisitions
Finite lived intangible assets consideration				$ 2.6
Useful life of finite lived intangible assets				9 years
PFB Corporation | Subsequent Event
Acquisitions
Percentage of ownership interest acquired	100%
Cash consideration	$ 259.5

Acquisitions - Summary of Asset

Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions			2 Months Ended
	Sep. 30, 2024	May 01, 2024	Jun. 30, 2024	Dec. 31, 2023
Preliminary Allocation
Goodwill	$ 1,342			$ 1,202.5
MTL Holdings LLC
Acquisitions
Total cash consideration transferred	424.6	$ 423.1
Preliminary Allocation
Cash and cash equivalents	10.3	10.3
Receivables, net	14	14
Inventories	17.2	17.2
Prepaid expenses and other current assets	0.9	0.9
Property, plant and equipment	10.7	10.7
Definite-lived intangible assets	248.3	248.3
Other long-term assets	8.1	8.1
Accounts payable	(5.9)	(5.9)
Accrued and other current liabilities	(6.1)	(6.1)
Deferred income taxes	(6.9)	(6.9)
Other long-term liabilities	(6.7)	(6.7)
Total identifiable net assets	283.9	283.9
Goodwill	$ 140.7	$ 139.2
MTL Holdings LLC | Measurement Period Adjustments
Acquisitions
Total cash consideration transferred			$ 1.5
Measurement Period Adjustments
Cash and cash equivalents			0
Receivables, net			0
Inventories			0
Prepaid expenses and other current assets			0
Property, plant and equipment			0
Definite-lived intangible assets			0
Other long-term assets			0
Accounts payable			0
Accrued and other current liabilities			0
Deferred income taxes			0
Other long-term liabilities			0
Total identifiable net assets			0
Goodwill			$ 1.5

Acquisitions - Summary of Defin

Acquisitions - Summary of Definite-lived Intangible Assets (Details) - MTL Holdings LLC - USD ($) $ in Millions	May 01, 2024	Sep. 30, 2024
Acquisitions
Fair Value	$ 248.3	$ 248.3
Customer relationships
Acquisitions
Fair Value	$ 183.1
Weighted Average Useful Life (in years)	13 years
Trade names
Acquisitions
Fair Value	$ 44.6
Weighted Average Useful Life (in years)	19 years
Technologies
Acquisitions
Fair Value	$ 18.1
Weighted Average Useful Life (in years)	11 years
Software
Acquisitions
Fair Value	$ 2.5
Weighted Average Useful Life (in years)	5 years

Discontinued Operations (Detail

Discontinued Operations (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Millions	May 21, 2024	Oct. 02, 2023
CIT
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from cash	$ 2,025
CFT
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from cash		$ 520

Discontinued Operations - Summa

Discontinued Operations - Summary of Results from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations before income taxes	$ (4.4)	$ 43.2		$ 497.7	$ 20.2
Benefit from income taxes	(2.1)	(5.5)		51.4	(14.5)
(Loss) income from discontinued operations	(2.3)	48.7		446.3	34.7
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	294.6		328.6	877.7
Cost of goods sold	0	205.1		237.5	626.4
Impairment					24.8
Other operating expenses, net	0	47.4		34.4	155.1
Operating income	0	42.1		56.7	71.4
Other non-operating (income) expense, net	6.7	(0.2)		15.7	1.3
Income (loss) from discontinued operations before income taxes and gain (loss) on sale	(6.7)	42.3		41
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale					70.1
(Gain) loss on sale of discontinued operations	(2.3)	(0.9)		(456.7)	49.9
Income (loss) from discontinued operations before income taxes	(4.4)	43.2		497.7	20.2
Benefit from income taxes	(2.1)	(5.5)		51.4	(14.5)
(Loss) income from discontinued operations	(2.3)	48.7		446.3	34.7
CIT | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	218.2		328.6	650.6
Cost of goods sold	0	162.7		237.5	496.9
Impairment					0
Other operating expenses, net	0	30.2		34.4	99.6
Operating income	0	25.3		56.7	54.1
Other non-operating (income) expense, net	0.6	(0.2)		0.5	0.2
Income (loss) from discontinued operations before income taxes and gain (loss) on sale	(0.6)	25.5		56.2
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale					53.9
(Gain) loss on sale of discontinued operations	(2.6)	2.7		(457.3)	2.7
Income (loss) from discontinued operations before income taxes	2	22.8		513.5	51.2
Benefit from income taxes	(0.6)	(11.2)		56.4	(5.8)
(Loss) income from discontinued operations	2.6	34		457.1	57
CFT | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	76.4		0	227.1
Cost of goods sold	0	42.4		0	129.5
Impairment			$ 24.8		24.8
Other operating expenses, net	0	17.2		0	55.5
Operating income	0	16.8		0	17.3
Other non-operating (income) expense, net	4.2	(0.7)		11.8	(0.2)
Income (loss) from discontinued operations before income taxes and gain (loss) on sale	(4.2)	17.5		(11.8)
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale					17.5
(Gain) loss on sale of discontinued operations	0.3	(3.6)		0.6	47.2
Income (loss) from discontinued operations before income taxes	(4.5)	21.1		(12.4)	(29.7)
Benefit from income taxes	(1.1)	5.4		(3.8)	(7)
(Loss) income from discontinued operations	(3.4)	15.7		(8.6)	(22.7)
Other | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	0		0	0
Cost of goods sold	0	0		0	0
Impairment					0
Other operating expenses, net	0	0		0	0
Operating income	0	0		0	0
Other non-operating (income) expense, net	1.9	0.7		3.4	1.3
Income (loss) from discontinued operations before income taxes and gain (loss) on sale	(1.9)	(0.7)		(3.4)
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale					(1.3)
(Gain) loss on sale of discontinued operations	0	0		0	0
Income (loss) from discontinued operations before income taxes	(1.9)	(0.7)		(3.4)	(1.3)
Benefit from income taxes	(0.4)	0.3		(1.2)	(1.7)
(Loss) income from discontinued operations	$ (1.5)	$ (1)		$ (2.2)	$ 0.4

Discontinued Operations - Sum_2

Discontinued Operations - Summary of Balance Sheet (Details) - Discontinued Operations, Disposed of by Sale - CIT $ in Millions	Dec. 31, 2023 USD ($)
ASSETS
Cash and cash equivalents	$ 28.8
Receivables, net	145.5
Inventories	149.5
Contract assets	75.9
Prepaid other current assets	23.7
Property, plant, and equipment, net	183.4
Goodwill	838
Other intangible assets, net	259.3
Other long-term assets	21.5
Total assets of the disposal group classified as held for sale	1,725.6
LIABILITIES
Accounts payable	84.3
Contract liabilities	1.4
Accrued liabilities and other	52.4
Other long-term liabilities	80.7
Total liabilities of the disposal group classified as held for sale	$ 218.8

Discontinued Operations - Sum_3

Discontinued Operations - Summary of Cash Flows from Discontinued Operations (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Change in cash and cash equivalents from discontinued operations	$ (28.8)	$ (12)
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	(1.8)	150.5
Net cash provided by investing activities	1,986.3	(19)
Net cash (used in) provided by financing activities	(2,013.3)	(143.5)
Change in cash and cash equivalents from discontinued operations	(28.8)	(12)
Cash and cash equivalents from discontinued operations at beginning of period	28.8	35.2
Cash and cash equivalents from discontinued operations at end of period	0	23.2
CIT | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	9	99.4
Net cash provided by investing activities	1,986.3	(17.4)
Net cash (used in) provided by financing activities	(2,024.1)	(87.1)
Change in cash and cash equivalents from discontinued operations	(28.8)	(5.1)
Cash and cash equivalents from discontinued operations at beginning of period	28.8	23.9
Cash and cash equivalents from discontinued operations at end of period	0	18.8
CFT | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	(8.6)	50.7
Net cash provided by investing activities	0	(1.6)
Net cash (used in) provided by financing activities	8.6	(56)
Change in cash and cash equivalents from discontinued operations	0	(6.9)
Cash and cash equivalents from discontinued operations at beginning of period	0	11.3
Cash and cash equivalents from discontinued operations at end of period	0	4.4
Other | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	(2.2)	0.4
Net cash provided by investing activities	0	0
Net cash (used in) provided by financing activities	2.2	(0.4)
Change in cash and cash equivalents from discontinued operations	0	0
Cash and cash equivalents from discontinued operations at beginning of period	0	0
Cash and cash equivalents from discontinued operations at end of period	$ 0	$ 0

Earnings Per Share - Summary of

Earnings Per Share - Summary of Basic and Diluted Earnings Per Share and Antidilutive Securities Excluded From Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Income from continuing operations	$ 246.6	$ 216.9	$ 702.7	$ 527.2
Less: dividends declared	45.9	42.2	127.7	119.5
Undistributed earnings	$ 200.7	$ 174.7	$ 575	$ 407.7
Percent allocated to common stockholders	99.80%	99.80%	99.80%	99.80%
Undistributed earnings allocated to common stockholders	$ 200.3	$ 174.3	$ 573.9	$ 406.7
Add: dividends declared to common shares, restricted share units and vested and deferred restricted and performance shares	45.8	42.1	127.4	119.3
Income from continuing operations attributable to common stockholders	$ 246.1	$ 216.4	$ 701.3	$ 526
Shares:
Basic weighted-average shares outstanding (in shares)	45.9	49.5	47	50.4
Effect of dilutive securities:
Performance awards (in shares)	0.2	0.2	0.2	0.2
Stock options (in shares)	0.4	0.4	0.4	0.4
Diluted weighted-average shares outstanding (in shares)	46.5	50.1	47.6	51
Per share income from continuing operations attributable to common shares:
Basic (in dollars per share)	$ 5.36	$ 4.37	$ 14.93	$ 10.43
Diluted (in dollars per share)	$ 5.30	$ 4.32	$ 14.74	$ 10.32
Basic weighted-average shares outstanding (in shares)	45.9	49.5	47	50.4
Basic weighted-average shares outstanding and unvested restricted shares expected to vest (in shares)	46	49.6	47.1	50.6
Percent allocated to common stockholders	99.80%	99.80%	99.80%	99.80%
Anti-dilutive stock options excluded from EPS calculation
Income from discontinued operations attributable to common stockholders for basic earnings per share	$ (2.3)	$ 48.6	$ 445.4	$ 34.7
Income from discontinued operations attributable to common stockholder for diluted earnings per share	(2.3)	48.6	445.4	34.7
Net income attributable to common stockholders for basic earnings per share	243.8	264.9	1,146.8	560.5
Net income attributable to common stockholders for diluted earnings per share	$ 243.8	$ 264.9	$ 1,146.8	$ 560.5
Anti-dilutive stock options excluded from earnings per share calculation (in shares)	0	0.6	0.1	0.7

Revenue Recognition - Summary o

Revenue Recognition - Summary of Remaining Performance Obligation (Details) $ in Millions	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 7.1
Extended service warranties, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 28
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 27
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 25.9
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 24.9
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 23.9
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 206.4
Extended service warranties, period

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Change in Contract Liabilities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 324	$ 294.8
Revenue recognized	(21.5)	(20.1)
Revenue deferred	40.7	40.1
Ending balance	$ 343.2	$ 314.8

Revenue Recognition - Summary_3

Revenue Recognition - Summary of Reconciliation of Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 1,333.6	$ 1,259.8	$ 3,880.7	$ 3,459.4
United States
Disaggregation of Revenue [Line Items]
Revenues	1,199.5	1,135.4	3,504	3,097.9
Total international
Disaggregation of Revenue [Line Items]
Revenues	134.1	124.4	376.7	361.5
Europe
Disaggregation of Revenue [Line Items]
Revenues	67.1	56.4	191.8	171.2
North America (excluding U.S.)
Disaggregation of Revenue [Line Items]
Revenues	54.8	54	151.8	154.6
Asia and Middle East
Disaggregation of Revenue [Line Items]
Revenues	7.7	8.5	19	20.2
Africa
Disaggregation of Revenue [Line Items]
Revenues	1.1	2.3	3	5.4
Other
Disaggregation of Revenue [Line Items]
Revenues	3.4	3.2	11.1	10.1
Construction
Disaggregation of Revenue [Line Items]
Revenues	1,301.3	1,229.2	3,781.1	3,367.3
Non-residential
Disaggregation of Revenue [Line Items]
Revenues	1,083.8	981.6	3,107.2	2,654.6
Residential
Disaggregation of Revenue [Line Items]
Revenues	217.5	247.6	673.9	712.7
Heavy equipment
Disaggregation of Revenue [Line Items]
Revenues	26.1	26.3	81.9	80.8
General industrial and other
Disaggregation of Revenue [Line Items]
Revenues	6.2	4.3	17.7	11.3
Carlisle Construction Materials
Disaggregation of Revenue [Line Items]
Revenues	998.2	914	2,870.7	2,437.5
Carlisle Construction Materials | United States
Disaggregation of Revenue [Line Items]
Revenues	902.4	830	2,608.5	2,194.4
Carlisle Construction Materials | Total international
Disaggregation of Revenue [Line Items]
Revenues	95.8	84	262.2	243.1
Carlisle Construction Materials | Europe
Disaggregation of Revenue [Line Items]
Revenues	62.2	52.1	176.1	156.9
Carlisle Construction Materials | North America (excluding U.S.)
Disaggregation of Revenue [Line Items]
Revenues	26	24.1	66.1	67.3
Carlisle Construction Materials | Asia and Middle East
Disaggregation of Revenue [Line Items]
Revenues	5.7	6	13.5	13.1
Carlisle Construction Materials | Africa
Disaggregation of Revenue [Line Items]
Revenues	0	0.3	0.3	0.9
Carlisle Construction Materials | Other
Disaggregation of Revenue [Line Items]
Revenues	1.9	1.5	6.2	4.9
Carlisle Construction Materials | Construction
Disaggregation of Revenue [Line Items]
Revenues	998.2	914	2,870.7	2,437.5
Carlisle Construction Materials | Non-residential
Disaggregation of Revenue [Line Items]
Revenues	922.2	839.8	2,647.8	2,235.7
Carlisle Construction Materials | Residential
Disaggregation of Revenue [Line Items]
Revenues	76	74.2	222.9	201.8
Carlisle Construction Materials | Heavy equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Construction Materials | General industrial and other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Weatherproofing Technologies
Disaggregation of Revenue [Line Items]
Revenues	335.4	345.8	1,010	1,021.9
Carlisle Weatherproofing Technologies | United States
Disaggregation of Revenue [Line Items]
Revenues	297.1	305.4	895.5	903.5
Carlisle Weatherproofing Technologies | Total international
Disaggregation of Revenue [Line Items]
Revenues	38.3	40.4	114.5	118.4
Carlisle Weatherproofing Technologies | Europe
Disaggregation of Revenue [Line Items]
Revenues	4.9	4.3	15.7	14.3
Carlisle Weatherproofing Technologies | North America (excluding U.S.)
Disaggregation of Revenue [Line Items]
Revenues	28.8	29.9	85.7	87.3
Carlisle Weatherproofing Technologies | Asia and Middle East
Disaggregation of Revenue [Line Items]
Revenues	2	2.5	5.5	7.1
Carlisle Weatherproofing Technologies | Africa
Disaggregation of Revenue [Line Items]
Revenues	1.1	2	2.7	4.5
Carlisle Weatherproofing Technologies | Other
Disaggregation of Revenue [Line Items]
Revenues	1.5	1.7	4.9	5.2
Carlisle Weatherproofing Technologies | Construction
Disaggregation of Revenue [Line Items]
Revenues	303.1	315.2	910.4	929.8
Carlisle Weatherproofing Technologies | Non-residential
Disaggregation of Revenue [Line Items]
Revenues	161.6	141.8	459.4	418.9
Carlisle Weatherproofing Technologies | Residential
Disaggregation of Revenue [Line Items]
Revenues	141.5	173.4	451	510.9
Carlisle Weatherproofing Technologies | Heavy equipment
Disaggregation of Revenue [Line Items]
Revenues	26.1	26.3	81.9	80.8
Carlisle Weatherproofing Technologies | General industrial and other
Disaggregation of Revenue [Line Items]
Revenues	$ 6.2	$ 4.3	$ 17.7	$ 11.3

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation cost incurred	$ 8	$ 7.6	$ 25.6	$ 24.4
Capitalized cost during the period	(0.7)	(1.1)	(2.5)	(3.4)
Amortization of capitalized cost during the period	0.7	1.1	2.6	3.6
Total stock-based compensation expense	8	7.6	25.7	24.6
Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation cost incurred	3.5	3.6	10.8	11
Performance share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation cost incurred	2.7	2.2	7.4	6.8
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation cost incurred	$ 1.8	$ 1.8	$ 7.4	$ 6.6

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate on continuing operations (as a percent)	22.70%	23.10%
Anticipated effective tax rate for beginning of year to date (as a percent)	23.70%
Discrete income tax benefit	$ 9.2

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 156.8	$ 120.9
Work-in-process	26.1	26.2
Finished goods	289.5	222.5
Reserves	(10)	(7.9)
Inventories	$ 462.4	$ 361.7

Accrued and Other Current Lia_3

Accrued and Other Current Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Accrued liabilities
Customer incentives	$ 96.2	$ 112.7
Compensation and benefits	87.7	77.2
Standard product warranties	28.6	24.9	$ 23.4	$ 25.2
Income and other accrued taxes	30.5	19.9
Other accrued liabilities	67.4	58.2
Accrued and other current liabilities	$ 310.4	$ 292.9

Accrued and Other Current Lia_4

Accrued and Other Current Liabilities - Summary of Change in Standard Product Warranty Liabilities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Change in aggregate product warranty liabilities
Beginning reserve	$ 24.9	$ 25.2
Provision	15.2	10.3
Acquired warranty obligations	0.8	0
Claims	(12.4)	(12)
Foreign exchange	0.1	(0.1)
Ending reserve	$ 28.6	$ 23.4

Long-term Debt -Summary of Long

Long-term Debt -Summary of Long Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Borrowings
Unamortized discount, debt issuance costs and other	$ (9.8)	$ (10.6)
Total long term-debt	2,290.2	2,289.4
Less: current portion of debt	403	402.7
Long term-debt, less current portion	1,887.2	1,886.7
2.20% Notes due 2032
Borrowings
Long-term debt, carrying amount	$ 550	550
Interest rate (as a percent)	2.20%
2.20% Notes due 2032 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 465.5	445.9
2.75% Notes due 2030
Borrowings
Long-term debt, carrying amount	$ 750	750
Interest rate (as a percent)	2.75%
2.75% Notes due 2030 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 689.2	666.2
3.75% Notes due 2027
Borrowings
Long-term debt, carrying amount	$ 600	600
Interest rate (as a percent)	3.75%
3.75% Notes due 2027 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 590	575.2
3.50% Notes due 2024
Borrowings
Long-term debt, carrying amount	$ 400	400
Interest rate (as a percent)	3.50%
3.50% Notes due 2024 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 398.6	$ 392.5

Long-term Debt (Details)

Long-term Debt (Details) - USD ($)		9 Months Ended
	Apr. 03, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Borrowings
Financing costs incurred		$ 9,800,000			$ 10,600,000
Repayments of revolving credit facility		22,000,000	$ 84,000,000
Letters of credit outstanding		22,900,000			17,600,000
Revolving credit facility | Revolving credit facility | Line of Credit
Borrowings
Maximum borrowing capacity	$ 1,000,000,000
Financing costs incurred				$ 1,900,000
Repayments of revolving credit facility		$ 22,000,000
Weighted average interest rate, over time		8.50%
Revolving credit facility		$ 0			0
Availability under revolving line of credit		1,000,000,000			$ 1,000,000,000
Revolving credit facility | Revolving credit facility | Line of Credit | Minimum
Borrowings
Commitment fee percentage	0.05%
Revolving credit facility | Revolving credit facility | Line of Credit | Minimum | Base Rate
Borrowings
Basis spread on interest rate (percent)	0%
Revolving credit facility | Revolving credit facility | Line of Credit | Minimum | Applicable Benchmark Rate
Borrowings
Basis spread on interest rate (percent)	0.825%
Revolving credit facility | Revolving credit facility | Line of Credit | Maximum
Borrowings
Commitment fee percentage	0.25%
Revolving credit facility | Revolving credit facility | Line of Credit | Maximum | Base Rate
Borrowings
Basis spread on interest rate (percent)	0.50%
Revolving credit facility | Revolving credit facility | Line of Credit | Maximum | Applicable Benchmark Rate
Borrowings
Basis spread on interest rate (percent)	1.50%
Letter of credit | Revolving credit facility
Borrowings
Maximum borrowing capacity		80,000,000
Availability under revolving line of credit		$ 57,100,000

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Components of Net Periodic Benefit Cost (Details) - Defined Benefit Plans - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Components of net periodic benefit cost
Service cost	$ 0.6	$ 0.5	$ 1.7	$ 1.6
Interest cost	1.5	1.6	4.5	4.7
Expected return on plan assets	(2)	(2)	(5.9)	(6.1)
Amortization of unrecognized loss	0.6	0.3	1.8	1
Net periodic benefit cost	0.7	0.4	2.1	1.2
Amortization of unrecognized actuarial (gain) loss, provision for income tax	$ (0.1)	$ (0.1)	$ (0.4)	$ (0.2)

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - Subsequent Event - Defined Benefit Plans - United States $ in Millions	1 Months Ended
	Oct. 25, 2024 USD ($) participant
Defined Benefit Plans
Defined benefit pension plan transferred	$ 55
Pension obligation	$ 134.3
Number of participants in benefit pension plan | participant	1,300
Expected non-cash pension settlement loss	$ 21

Financial Instruments - Summary

Financial Instruments - Summary of Designated and Non-designated Cash Flow Hedges (Details) - Foreign Exchange Forward - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Designated hedges
Derivative Financial Instruments
Fair value	$ (0.3)	$ (0.9)
Notional Value	30.2	26.6
Non-designated hedges
Derivative Financial Instruments
Fair value	(0.2)	(0.6)
Notional Value	$ 33.8	$ 56.4

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Investment grade bonds	$ 20.1	$ 19.8
Cash
Derivative [Line Items]
Deferred compensation, Rabbi Trust	4.3	4.4
Short-term Investments
Derivative [Line Items]
Deferred compensation, Rabbi Trust	$ 12.3	$ 11.5
Maximum | Foreign Exchange Forward | Non-designated hedges
Derivative [Line Items]
Maturity term (less than)	1 year
Maximum | Foreign Exchange Forward | Cash Flow Hedging | Designated hedges
Derivative [Line Items]
Maturity term (less than)	1 year