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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

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- References

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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

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