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BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Summarized Preliminary Purchase Price Allocation

The preliminary purchase price allocation is as follows:

(in millions)			September 1, 2022
Cash and cash equivalents			$	50.7
Accounts receivable			52.2
Inventories			136.2
Other current assets			2.0
Property			361.9
Intangible assets
Indefinite-lived trade names			254.9
Customer relationships			198.7
Patents, technology, and other			275.1
Goodwill			277.1
Other non-current assets			12.3
Accounts payable			32.2
Current operating lease obligations			1.2
Accrued expenses and other current liabilities			11.7
Deferred tax liability			86.1
Non-current operating lease obligations			5.0
Other non-current liabilities			8.1
Total purchase price consideration			$	1,476.8

Schedule of Pro Forma Information Sales and Income from Continuing Operations

Had the APM Acquisition occurred on January 1, 2021, sales and income from continuing operations before income taxes on a pro forma basis would have been as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Sales			$884.0						$912.1						$2,863.1						$2,810.1
(Loss) income from continuing operations before income taxes			(9.8)						21.0						146.8						72.4

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

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X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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