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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2019
Business Combinations [Abstract] |
Schedule of assets acquired and liabilities assumed | The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed as of October 4, 2018:
(IN THOUSANDS) | As reported in the fourth quarter of 2018 |  | Measurement period adjustments |  | As reported in the second quarter of 2019
Cash and cash equivalents | $ | 140,747 |  |  |  |  | $ | 140,747 |
Other current assets | 699,627 |  |  |  |  | 699,627 |
Identifiable intangible assets | 2,690,000 |  |  | $ | (21,700 | ) |  | 2,668,300 |
Other non-current assets | 353,710 |  |  | 58,336 |  |  | 412,046 |
Equity method investments | 25,791 |  |  |  |  | 25,791 |
Current liabilities | (311,325 | ) |  |  |  | (311,325 | )
Debt assumed | (77,037 | ) |  |  |  | (77,037 | )
Other liabilities | (632,488 | ) |  | (71,793 | ) |  | (704,281 | )
Redeemable noncontrolling interest | (97,510 | ) |  | (5,700 | ) |  | (103,210 | )
Noncontrolling interest | (3,700 | ) |  |  |  | (3,700 | )
Goodwill | 4,243,079 |  |  | 40,857 |  |  | 4,283,936 |
Total Purchase Consideration | $ | 7,030,894 |  |  |  |  | $ | 7,030,894 |
Schedule of intangible assets acquired | The preliminary amounts of the components of intangible assets with finite lives that have been recorded are as follows:
(IN THOUSANDS) | Estimated Amounts |  | Weighted-Average Useful Life
Product formula | $ | 290,000 |  |  | 10 to 12 years
Customer relationships | 2,230,000 |  |  | 18 to 23 years
Trade names | 140,000 |  |  | 23 to 26 years
Favorable/Unfavorable Leases, net | 8,300 |  |  | 5 to 15 years
Total | $ | 2,668,300 |  |  |
Unaudited pro forma information | The unaudited pro forma results were as follows:
(IN THOUSANDS) | Three Months Ended June 30, 2018 |  | Six Months Ended June 30, 2018
Unaudited pro forma net sales | $ | 1,321,321 |  |  | $ | 2,637,054 |
Unaudited pro forma net income attributable to the Company | 102,269 |  |  | 214,889 |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + 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=116869197&loc=d3e4845-128472 + Details
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