XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.23.3

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes our preliminary estimates of the fair values of the assets acquired and liabilities assumed in the ECM Industries acquisition as previously reported and revised as of September 30, 2023:
In millions | As Originally Reported | As Revised
Cash | $ | 45.7 |  | $ | 45.7 |
Accounts receivable | 78.1 |  | 78.1 |
Inventories | 107.8 |  | 104.0 |
Other current assets | 4.9 |  | 4.9 |
Property, plant and equipment | 81.1 |  | 75.9 |
Identifiable intangible assets | 519.8 |  | 524.0 |
Goodwill | 361.5 |  | 371.7 |
Other assets | 16.6 |  | 16.7 |
Current liabilities | (51.5) |  | (51.4) |
Other liabilities | (26.5) |  | (35.9) |
Purchase price | $ | 1,137.5 |  | $ | 1,133.7 |
Business Acquisition, Pro Forma Information | The following table presents unaudited pro forma financial information as if the ECM Industries acquisition had occurred on January 1, 2022:
| Three months ended |  | Nine months ended
In millions, except per-share date | September 30, 2023 | September 30, 2022 |  | September 30, 2023 | September 30, 2022
Pro forma net sales | $ | 858.8 |  | $ | 847.9 |  |  | $ | 2,558.8 |  | $ | 2,477.9 |
Pro forma net income | 115.9 |  | 92.8 |  |  | 341.4 |  | 206.1 |
Pro forma earnings per ordinary share |  |  |  |  |
Basic | $ | 0.70 |  | $ | 0.56 |  |  | $ | 2.06 |  | $ | 1.24 |
Diluted | 0.69 |  | 0.55 |  |  | 2.03 |  | 1.23 |

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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration