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Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables) | 12 Months Ended
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Dec. 31, 2023
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, net of cash acquired, for the Navico acquisition:
(in millions) | Fair Value |  | Useful Life
Accounts and notes receivable | $ | 59.3 |  |  |
Inventory (A) | 159.9 |  |  |
Goodwill (A)(B)(C)(D) | 459.2 |  |  |
Trade names | 133.0 |  |  | Indefinite
Developed technology | 160.0 |  |  | 15 years
Customer relationships | 185.0 |  |  | 15 years
Property and equipment | 46.1 |  |  |
Other assets | 26.6 |  |  |
Total assets acquired | 1,229.1 |  |  |
Accounts payable | 66.0 |  |  |
Accrued expenses (C) | 48.6 |  |  |
Other liabilities (D) | 23.4 |  |  |
Deferred tax liabilities (D) | 18.7 |  |  |
Total liabilities assumed | 156.7 |  |  |
Net cash consideration paid, net of cash acquired | $ | 1,072.4 |  |  |
(A) Includes $1.8 million of purchase accounting adjustments related to inventory reserves. (B) The goodwill recorded for the acquisition of Navico is partially deductible for tax purposes. (C) Includes $3.5 million of purchase accounting adjustments related to contingency reserves. (D) Includes $18.4 million of purchase accounting adjustments related to taxes.
Business Acquisition, Pro Forma Information [Table Text Block] |
(in millions) | Year Ended December 31, 2022 |  | Year Ended December 31, 2021
Pro forma Net sales | $ | 6,812.2 |  |  | $ | 6,218.7 |
Pro forma Net earnings | 684.9 |  |  | 589.6 |

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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/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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