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Acquisitions and Divestiture (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Allocation of Aggregate Purchase Price of Acquired Net Assets

The following table represents the allocation of the purchase price for the net assets of the acquisitions based on the estimated fair values at acquisition (in millions):

			Abaco						Other Acquisitions						Total
			(in millions)
Property, plant and equipment			$	56.2					$	45.5					$	101.7
Goodwill			739.3						304.5						1,043.8
Other intangible assets			620.8						319.9						940.7
Deferred income taxes			(123.3)						(51.1)						(174.4)
Net working capital and other(1)			51.5						(4.1)						47.4
Total cash paid			$	1,344.5					$	614.7					$	1,959.2

______________________

(1)Includes $70.6 million in accounts receivable, whose fair value, contractual cash flows and expected cash flows are approximately equal as well as $71.6 million of customer advance payments.

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- References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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