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ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the consideration paid and aggregate amounts of assets acquired and liabilities assumed (in millions):

Total consideration						$	967.6
Identifiable assets acquired and liabilities assumed
Inventories						136.7
Property and equipment						267.1
Intangible franchise rights						135.3
Operating lease assets						58.3
Other assets (1)						62.2
Total assets acquired						659.6
Operating lease liabilities						56.6
Other liabilities (2)						38.3
Total liabilities assumed						94.9
Total identifiable net assets						564.7
Goodwill						$	402.9

(1) Other assets acquired in connection with the Prime Acquisition include $55.3 million of assets classified as held for sale as of the acquisition date. See the table below for additional details.

(2) Other liabilities assumed in connection with the Prime Acquisition include $1.7 million of liabilities classified as held for sale as of the acquisition date. See the table below for additional details.

Prime assets classified as held for sale as of the acquisition date (in millions)
Inventories						$	10.4
Property and equipment						28.1
Operating lease assets						1.7
Goodwill						15.1
Total other assets classified as held for sale						$	55.3
Prime liabilities classified as held for sale as of the acquisition date (in millions)
Operating lease liabilities						$	1.7

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- References

No definition available.

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- 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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