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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2023

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The final allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:

			Total
Current assets, net of cash acquired			$	16.6
Property, plant and equipment			2.0
Goodwill			54.7
Intangible assets			49.8
Other noncurrent assets			4.3
Total assets acquired			127.4
Current liabilities			(9.2)
Deferred income taxes			(1.9)
Other noncurrent liabilities			(3.8)
Net assets acquired			$	112.5

The preliminary allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:

			Total
Current assets, net of cash acquired			$	9.7
Property, plant and equipment			1.8
Goodwill			56.4
Intangible assets			52.0
Deferred income taxes			0.2
Other noncurrent assets			1.0
Total assets acquired			121.1
Current liabilities			(1.0)
Net assets acquired			$	120.1

The preliminary allocation of the purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at the acquisition date, is as follows:

			Total
Current assets, net of cash acquired			$	52.5
Property, plant and equipment			59.1
Goodwill			393.0
Intangible assets			319.1
Other noncurrent assets			9.6
Total assets acquired			833.3
Current liabilities			(25.5)
Deferred income taxes			(83.9)
Other noncurrent liabilities			(10.9)
Net assets acquired			$	713.0

Schedule of Finite-Lived Intangible Assets Acquired

The acquired intangible assets and weighted average amortization periods are as follows:

			Total						Weighted Average Life
Trade names			$	13.5					15
Customer relationships			31.5						10
Software			4.8						5
Acquired intangible assets			$	49.8

The acquired intangible assets and weighted average amortization periods are as follows:

			Total						Weighted Average Life
Trade names			$	7.5					15
Customer relationships			36.0						13
Unpatented technology			8.5						10
Acquired intangible assets			$	52.0

The acquired intangible assets and weighted average amortization periods are as follows:

			Total						Weighted Average Life
Trade names			$	38.3					15
Customer relationships			212.4						13
Unpatented technology			68.4						11
Acquired intangible assets			$	319.1

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- References

No definition available.

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ 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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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