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Business Acquisition (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of the consideration transferred at the date of the acquisition, as well as the calculation of preliminary goodwill based on the excess of consideration over the provisional fair value of net assets acquired:


(Millions of dollars)
Cash paid to shareholders	$	642.9
Less cash and cash equivalents acquired	0.8
Fair value of consideration transferred, net of cash acquired	$	642.1


(Millions of dollars)
Assets acquired:
Accounts receivable	$	8.0
Inventories	24.3
Prepaid expenses and other current assets	5.6
Property and equipment	429.1
Right of use assets	238.1
Other assets	5.4
Identified intangible assets	106.8
Liabilities assumed:
Accounts payable and accrued expenses	(68.5)
Deferred income tax liabilities	(59.5)
Asset retirement obligation	(1.2)
Long term debt, including finance lease obligations	(136.5)
Deferred credits and other liabilities	(7.4)
Operating lease liabilities	(238.5)
Net assets acquired	305.7
Goodwill	336.4
Fair value of consideration transferred, net of cash and cash equivalents acquired	$	642.1