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Business Combinations and Asset Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table provides the assets acquired and liabilities assumed as of the date of acquisition:
(in millions) | Estimated Fair Value
ASSETS |
Cash | $ | 1.1 |
Accounts receivable—net | 15.6 |
Inventory | 33.4 |
Prepaid expenses and other current assets | 2.9 |
Property and equipment | 5.3 |
Goodwill | 25.5 |
Other intangible assets | 48.0 |
Other long-term assets | 5.2 |
TOTAL ASSETS | $ | 137.0 |
LIABILITIES |
Accounts payable | $ | 11.0 |
Current portion of long-term debt | 20.2 |
Accrued and other current liabilities | 17.1 |
Other long-term liabilities | 6.7 |
TOTAL LIABILITIES | $ | 55.0 |
NON-CONTROLLING INTERESTS | $ | 17.8 |
Net purchase consideration | $ | 64.2 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | Identified intangible assets acquired and their estimated useful lives (in years) as of August 31, 2021, were as follows (in millions, except years):
| Fair Value |  | Estimated Useful Life (in years)
Developed technology | $ | 26.6 |  |  | 4
Customer relationships | 10.0 |  |  | 10
Trade name | 6.4 |  |  | 10
Backlog | 5.0 |  |  | 1
Total identified intangible assets: | $ | 48.0 |  |  |
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information for all periods presented includes purchase accounting adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, the purchase accounting effect on inventory acquired and related tax effects (in millions):
| Year Ended December 31,
| 2021 |  | 2020 |  |
Pro forma revenue | $ | 3,424.3 |  |  | $ | 2,714.7 |  |  |
Pro forma net income attributable to Fortinet, Inc. | $ | 608.2 |  |  | $ | 480.0 |  |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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