Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents the final fair value allocation of assets acquired and liabilities assumed in the Delaware Processing acquisition.

Purchase price for remaining 50% equity interest in Delaware Processing	$	154.5
Fair value of our 50% equity interest in Delaware Processing held before the acquisition		146.4
Total	$	300.9
Recognized amounts of identifiable assets acquired and liabilities assumed:
Assets acquired in business combination:
Current assets, including cash of $3.9 million	$	10.8
Property, plant and equipment		200.0
Contract-based intangible assets		82.6
Customer relationship intangible assets		9.9
Total assets acquired	$	303.3
Liabilities assumed in business combination:
Current liabilities	$	(1.8	)
Long-term liabilities		(0.6	)
Total liabilities assumed	$	(2.4	)
Total identifiable net assets	$	300.9
Goodwill	$	–

The following table presents the final fair value allocation of assets acquired and liabilities assumed in the Azure acquisition.

Assets acquired in business combination:
Current assets	$	3.1
Property, plant and equipment		193.1
Total assets acquired		196.2
Liabilities assumed in business combination:
Current liabilities		(1.4	)
Long-term liabilities		(3.4	)
Total liabilities assumed		(4.8	)
Total identifiable net assets	$	191.4