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Acquisitions Schedule of Assets Acquired, Liabilities Assumed and Cash Consideration Paid (Tables) | 9 Months Ended
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Sep. 29, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table is a summary of the assets acquired, liabilities assumed and net cash consideration paid for the Power Products acquisition during 2018:
(in millions) | Fair Value |  | Useful Life
Accounts and notes receivable | $ | 38.3 |  |  |
Inventory | 64.3 |  |  |
Goodwill (A) | 344.2 |  |  |
Trade names | 111.0 |  |  | Indefinite
Customer relationships | 430.0 |  |  | 15 years
Property and equipment | 11.0 |  |  |
Other assets | 5.6 |  |  |
Total assets acquired | 1,004.4 |  |  |
Accounts payable | 23.5 |  |  |
Accrued expenses | 16.2 |  |  |
Deferred tax liabilities | 54.7 |  |  |
Total liabilities assumed | 94.4 |  |  |
Net cash consideration paid | $ | 910.0 |  |  |
(A) The goodwill recorded for the acquisition of Power Products is not deductible for tax purposes.
Business Acquisition, Pro Forma Information [Table Text Block] |
| Three Months Ended |  | Nine Months Ended
(in millions) | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
Pro forma Net sales | $ | 1,323.4 |  |  | $ | 1,191.1 |  |  | $ | 4,060.5 |  |  | $ | 3,814.5 |
Pro forma Net earnings | 90.3 |  |  | 74.9 |  |  | 245.2 |  |  | 231.4 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + 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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