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Acquisitions and Divestitures (Tables) | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table presents the initial purchase price allocation for acquisitions in 2017:
| Initial Purchase Price Allocation
Assets: |
Accounts receivable, net | $ | 27.6 |
Inventories, net | 29.1 |
Other current assets | 4.7 |
Property, plant and equipment, net | 31.6 |
Goodwill | 147.6 |
Other intangible assets | 175.3 |
Other non-current assets | 1.9 |
Total assets acquired | $ | 417.8 |
Liabilities: |
Accounts payable, trade | $ | 9.5 |
Salaries, wages and benefits | 5.8 |
Other current liabilities | 8.2 |
Short-term debt | 1.0 |
Long-term debt | 2.0 |
Deferred income taxes | 42.4 |
Other non-current liabilities | 2.3 |
Total liabilities assumed | $ | 71.2 |
Net assets acquired | $ | 346.6 |
Business Acquisition Purchase price allocation identifiable intangible assets | The following table summarizes the initial purchase price allocation for identifiable intangible assets acquired in 2017:
| Initial Purchase Price Allocation
|  | Weighted - Average Life
Trade names (indefinite life) | $ | 33.4 |  | Indefinite
Trade names (finite life) | 2.2 |  | 13 years
Technology and know-how | 29.9 |  | 16 years
Customer relationships | 108.2 |  | 17 years
Other | 0.2 |  | 5 years
Capitalized software | 1.4 |  | 3 years
Total intangible assets | $ | 175.3 |  |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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