Business Combination (Tables)

12 Months Ended

Sep. 30, 2019

The allocation of consideration to the assets and liabilities of these companies, is presented below, in millions.



Assets acquired, net of cash:
Receivables	$	3.0
Inventories	5.8
Other current assets	0.2
Property, plant and equipment	1.0
Intangible assets	11.4
Goodwill	7.2
Liabilities assumed:
Accounts payable	0.7
Other current liabilities	0.4
Current and long term debt	0.1
Deferred income tax liability	0.8
Consideration paid	$	26.6

The following is a summary of the estimated fair values of the net assets acquired (in millions):



Assets, net of cash:
Receivables	$	6.9
Inventories	17.0
Other current assets	0.2
Property, plant and equipment	8.4
Other non-current assets	1.7
Identified intangible assets:
Patents	32.1
Customer relationships	8.7
Tradenames	4.6
Favorable leasehold interests	2.3
Goodwill	80.1
Liabilities:
Accounts payable	(5.5		)
Other current liabilities	(2.9		)
Deferred income taxes	(11.2		)
Other non-current liabilities	(1.7		)
Consideration paid	140.7
Repayment of Krausz debt	(13.2		)
Consideration paid included in net cash used in investing activities	$	127.5