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Business Combinations (Tables)

3 Months Ended

Sep. 30, 2022

Dec. 31, 2021

Schedule of Business Acquisitions, by Acquisition

The fair value of consideration transferred for the Curiosity acquisition consists of the following (in millions):



Purchase price (cash)	$	101.0
Fair value of contingent consideration (earn-out)	36.1
Fair value of total consideration transferred	$	137.1

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the Acquisition Date (in millions):


	Preliminary Fair Value
In-process research and development	$	99.0
Deferred tax liabilities	(18.8)
Other identifiable assets acquired, net	1.0
Net identifiable assets acquired	81.2
Goodwill	55.9
Net assets acquired	$	137.1

The following table summarizes the final fair values of the assets acquired and liabilities assumed at the Acquisition Date (in millions):


	Fair Value
Intangible assets	$	83.6
Deferred tax assets	5.6
Deferred tax liabilities	(19.5)
Other identifiable assets acquired, net	0.4
Net identifiable assets acquired	70.1
Goodwill	55.4
Net assets acquired	$	125.5

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the final fair values and estimated useful life of the components of identifiable intangible assets acquired as of the Acquisition Date (in millions):


	Fair Value		Estimated Useful Life (years)
In-process research and development	$	81.7
Covenants not to compete	1.9		4.7
Total identifiable intangible assets acquired	$	83.6