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Acquisitions (Tables) | 9 Months Ended
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Sep. 26, 2020
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information | The following table presents unaudited pro forma information as if the Ranir acquisition had occurred on January 1, 2018 and as if the acquisition of Dr. Fresh had occurred on January 1, 2019 and had been combined with the results reported in our Condensed Consolidated Statements of Operations for all periods presented (in millions):
| Three Months Ended |  | Nine Months Ended
(Unaudited) | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Net sales | $ | 1,213.7 |  |  | $ | 1,217.1 |  |  | $ | 3,803.4 |  |  | $ | 3,732.6 |
Net income (loss) | $ | (154.5 | ) |  | $ | 108.1 |  |  | $ | 18.6 |  |  | $ | 180.7 |
Oral Care Assets of High Ridge Brands (Dr. Fresh) |
Business Acquisition [Line Items] |
Schedule of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for Dr. Fresh and the provisional amounts of the assets acquired and liabilities assumed (in millions):
| Oral Care Assets of High Ridge Brands (Dr. Fresh)
Purchase price paid | $ | 106.0 |
Assets acquired: |
Accounts receivable | 13.1 |
Inventories | 23.4 |
Prepaid expenses and other current assets | 0.4 |
Property, plant and equipment, net | 0.7 |
Operating lease assets | 2.6 |
Goodwill | 15.9 |
Distribution and license agreements and supply agreements | $ | 2.2 |
Developed product technology, formulations, and product rights | 0.1 |
Customer relationships and distribution networks | 20.6 |
Trademarks, trade names, and brands | 43.2 |
Total intangible assets | $ | 66.1 |
Total assets | $ | 122.2 |
Liabilities assumed: |
Accounts payable | $ | 6.0 |
Other accrued liabilities | 4.0 |
Payroll and related taxes | 0.7 |
Accrued customer programs | 3.0 |
Other non-current liabilities | 2.5 |
Total liabilities | $ | 16.2 |
Net assets acquired | $ | 106.0 |
Ranir Global Holdings, LLC |
Business Acquisition [Line Items] |
Schedule of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for Ranir and the amounts of the assets acquired and liabilities assumed (in millions):
| Ranir
Purchase price paid | $ | 759.2 |
Assets acquired: |
Cash and cash equivalents | $ | 11.5 |
Accounts receivable | 40.6 |
Inventories | 59.0 |
Prepaid expenses and other current assets | 4.0 |
Property, plant and equipment, net | 40.8 |
Operating lease assets | 3.7 |
Goodwill | 292.7 |
Definite-lived intangibles: |
Developed product technology, formulations, and product rights | $ | 48.6 |
Customer relationships and distribution networks | 260.0 |
Trademarks, trade names, and brands | 41.0 |
Indefinite-lived intangibles: |
In-process research and development | 39.7 |
Total intangible assets | $ | 389.3 |
Other non-current assets | 2.8 |
Total assets | $ | 844.4 |
Liabilities assumed: |
Accounts payable | $ | 17.6 |
Other accrued liabilities | 7.7 |
Payroll and related taxes | 5.5 |
Accrued customer programs | 5.7 |
Deferred income taxes | 45.9 |
Other non-current liabilities | 2.8 |
Total liabilities | $ | 85.2 |
Net assets acquired | $ | 759.2 |

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