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Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions

The Company’s final purchase price allocation is as follows:

($ in millions)			Preliminary Purchase Price Allocation						Measurement Period Adjustments						Final Purchase Price Allocation						Weighted Average Amortization Period
Accounts receivable			$	17.3					$	(3.3)					$	14.0
Inventories			21.0						(0.1)						20.9
Prepaid and other current assets			3.8						(0.1)						3.7
Technology			142.1						0.5						142.6						9.0
Customer relationships			227.0						—						227.0						11.0
Trade names			36.0						—						36.0						14.0
Goodwill			587.4						(15.6)						571.8
Other assets			14.9						0.1						15.0
Trade accounts payable			(5.8)						—						(5.8)
Accrued expenses and other current liabilities			(44.6)						2.5						(42.1)
Other long-term liabilities			(43.6)						16.3						(27.3)
Purchase price, net of cash acquired			$	955.5					$	0.3					$	955.8

The Company’s estimate of the purchase price allocation is as follows:

($ in millions)			Driivz						Weighted Average Amortization Period
Accounts receivable			$	1.0
Technology			56.3						8.0
Customer relationships			28.1						13.0
Trade names			9.2						16.0
Goodwill			127.4
Other assets			2.9
Trade accounts payable			(0.1)
Accrued expenses and other current liabilities			(12.4)
Other long-term liabilities			(16.8)
Purchase price, net of cash received			$	195.6

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- References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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