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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The preliminary purchase price allocation is as follows:

						Acquisition-Date Fair Value
Cash and cash equivalents						$	52.8
Accounts receivable						646.1
Intangible assets, net						1,140.5
Goodwill						1,572.4
Other assets						444.6
Total assets acquired						3,856.4
Accounts payable-trade						643.8
Debt						170.1
Deferred tax liabilities						208.6
Other liabilities						415.6
Total liabilities assumed						1,438.1
Total preliminary purchase price						$	2,418.3

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below summarizes the preliminary estimated fair value of identifiable intangible assets acquired.

						Useful Lives (Years)						Acquisition-Date Fair Value
Customer relationships						12						$	1,090.0
Trade name						3						50.5
												$	1,140.5

Schedule of Business Acquisition Pro Forma Information

The following unaudited pro forma financial information presents the combined results of operations as if the acquisition of Sirius had been consummated on January 1, 2020. The pro forma adjustments are based on historical results of operations and financial condition of the Company and Sirius and do not include any anticipated synergies or other expected benefits of the acquisition. The unaudited pro forma financial information is not necessarily indicative of the actual consolidated results of operations had the acquisition actually consummated on January 1, 2020, nor are they indicative of future consolidated results of operations of the combined company.

						Year Ended December 31,
						2021						2020
Pro forma net sales						$	22,793.0					$	20,659.0
Pro forma net income						$	977.4					$	771.1

X

- 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

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-Name Accounting Standards Codification
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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

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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.

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