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v3.20.1

Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of assets acquired and liabilities assumed |
(IN THOUSANDS) | As reported in the fourth quarter of 2018 |  | Measurement period adjustments |  | Final Purchase Price Allocation
Cash and cash equivalents | $ | 140,747 |  |  | $ | — |  |  | $ | 140,747 |
Other current assets | 699,627 |  |  | (25,706 | ) |  | 673,921 |
Identifiable intangible assets | 2,690,000 |  |  | (21,700 | ) |  | 2,668,300 |
Other assets | 353,710 |  |  | 58,401 |  |  | 412,111 |
Equity method investments | 25,791 |  |  | 10,439 |  |  | 36,230 |
Current liabilities | (311,325 | ) |  | (7,190 | ) |  | (318,515 | )
Debt assumed | (77,037 | ) |  | — |  |  | (77,037 | )
Other liabilities | (632,488 | ) |  | (39,730 | ) |  | (672,218 | )
Redeemable noncontrolling interest | (97,510 | ) |  | (5,392 | ) |  | (102,902 | )
Noncontrolling interest | (3,700 | ) |  | — |  |  | (3,700 | )
Excess attributable to Goodwill | 4,243,079 |  |  | 30,878 |  |  | 4,273,957 |
Total Purchase Consideration | $ | 7,030,894 |  |  |  |  | $ | 7,030,894 |
Schedule of intangible assets acquired |
(IN THOUSANDS) | Estimated Amounts |  | Weighted-Average Useful Life
Product formula | $ | 290,000 |  |  | 10 years
Customer relationships | 2,230,000 |  |  | 18 to 20 years
Trade names | 140,000 |  |  | 23 years
Favorable/Unfavorable Leases, net | 8,300 |  |  | 5 to 15 years
Total | $ | 2,668,300 |  |  |
Unaudited pro forma information | The unaudited pro forma results for the years ended December 31, 2018 and December 31, 2017 is as follows:
| Year Ended December 31,
(IN THOUSANDS) | 2018 |  | 2017
Unaudited pro forma net sales | $ | 5,135,906 |  |  | $ | 4,761,115 |
Unaudited pro forma net income attributable to the Company | 474,498 |  |  | 240,784 |

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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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