XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.20.4

Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Motion Tech Automation, LLC |
Acquisitions |
Schedule of Finite-Lived Intangible Assets Acquired | The preliminary fair value and weighted average useful lives of the acquired definite-lived intangible assets are as follows:
(in millions) |  | Fair Value |  | Weighted Average Useful Life (in years)
Technologies |  | $ | 2.3 |  |  | 9
Customer relationships |  | 1.0 |  |  | 9
Trade names |  | 1.0 |  |  | 5
Total |  | $ | 4.3 |  |  |
Providien |
Acquisitions |
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities | The following table summarizes the consideration transferred to acquire Providien and the allocation of the purchase price among the assets acquired and liabilities assumed. The acquisition has been accounted for using the acquisition method of accounting which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill.
|  | Preliminary Allocation |  | Measurement Period Adjustments |  | Final Allocation
(in millions) |  | As of 11/20/2019 |  |  | As of 11/20/2020
Total cash consideration transferred |  | $ | 332.1 |  |  | $ | (0.8) |  |  | $ | 331.3 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |  |
Cash and cash equivalents |  | 3.4 |  |  | — |  |  | 3.4 |
Receivables, net |  | 9.8 |  |  | — |  |  | 9.8 |
Inventories, net |  | 2.7 |  |  | (0.3) |  |  | 2.4 |
Contract assets |  | 29.1 |  |  | (4.5) |  |  | 24.6 |
Prepaid expenses and other current assets |  | 2.3 |  |  | (0.9) |  |  | 1.4 |
Property, plant and equipment |  | 12.9 |  |  | — |  |  | 12.9 |
Definite-lived intangible assets |  | 135.4 |  |  | (2.7) |  |  | 132.7 |
Other long-term assets |  | 7.1 |  |  | (0.3) |  |  | 6.8 |
Accounts payable |  | (6.0) |  |  | 0.2 |  |  | (5.8) |
Income tax payable |  | (0.7) |  |  | 0.8 |  |  | 0.1 |
Accrued and other current liabilities |  | (7.0) |  |  | — |  |  | (7.0) |
Other long-term liabilities |  | (8.1) |  |  | 1.1 |  |  | (7.0) |
Deferred income taxes |  | (27.1) |  |  | 8.1 |  |  | (19.0) |
Total identifiable net assets |  | 153.8 |  |  | 1.5 |  |  | 155.3 |
Goodwill |  | $ | 178.3 |  |  | $ | (2.3) |  |  | $ | 176.0 |
Schedule of Finite-Lived Intangible Assets Acquired | The fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:
(in millions) |  | Fair Value |  | Weighted Average Useful Life (in years)
Customer relationships |  | $ | 108.7 |  |  | 14
Technologies |  | 19.5 |  |  | 7
Trade names |  | 4.4 |  |  | 2
Total |  | $ | 132.6 |  |  |
Petersen Aluminum |
Acquisitions |
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities |
|  | Preliminary Allocation |  | Measurement Period Adjustments |  | Final Allocation
(in millions) |  | As of 1/11/2019 |  |  | As of 1/11/2020
Total cash consideration transferred |  | $ | 207.2 |  |  | $ | — |  |  | $ | 207.2 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |  |
Cash and cash equivalents |  | 5.2 |  |  | — |  |  | 5.2 |
Receivables, net |  | 11.5 |  |  | — |  |  | 11.5 |
Inventories, net |  | 39.5 |  |  | (0.3) |  |  | 39.2 |
Prepaid expenses and other current assets |  | 2.1 |  |  | — |  |  | 2.1 |
Property, plant and equipment |  | 17.8 |  |  | — |  |  | 17.8 |
Definite-lived intangible assets |  | 109.3 |  |  | 0.8 |  |  | 110.1 |
Other long-term assets |  | 9.5 |  |  | — |  |  | 9.5 |
Accounts payable |  | (5.9) |  |  | — |  |  | (5.9) |
Income tax payable |  | 1.7 |  |  | — |  |  | 1.7 |
Accrued and other current liabilities |  | (8.7) |  |  | — |  |  | (8.7) |
Other long-term liabilities |  | (12.4) |  |  | (0.1) |  |  | (12.5) |
Deferred income taxes |  | (25.4) |  |  | (0.2) |  |  | (25.6) |
Total identifiable net assets |  | 144.2 |  |  | 0.2 |  |  | 144.4 |
Goodwill |  | $ | 63.0 |  |  | $ | (0.2) |  |  | $ | 62.8 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=csl_MotionTechAutomationLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=csl_ProvidienLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=csl_PetersenAluminumCorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |