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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [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 2023 acquisitions based on the estimated fair values at acquisition (in millions):

			Paragon Medical						Other Acquisitions						Total
			(in millions)
Property, plant and equipment			$	211.4					$	23.7					$	235.1
Goodwill			907.0						104.7						1,011.7
Other intangible assets			874.0						171.3						1,045.3
Deferred income taxes			(213.4)						(10.7)						(224.1)
ROU lease asset			51.4						4.4						55.8
Lease liabilities			(51.0)						(4.5)						(55.5)
Net working capital and other(1)			112.8						56.8						169.6
Total cash paid			$	1,892.2					$	345.7					$	2,237.9

______________________

(1)Includes $94.2 million in accounts receivable, whose fair value, contractual cash flows and expected cash flows are approximately equal.

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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
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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