XML 34 R22.htm IDEA: XBRL DOCUMENT v3.23.2

BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Purchase Price Allocation

The preliminary purchase price allocation is as follows:

(in millions)			9/1/2022 Allocation						Measurement period adjustments						6/30/2023 Allocation
Cash and cash equivalents			$	50.7					$	—					$	50.7
Accounts receivable			52.2						1.8						54.0
Inventories			136.2						(7.8)						128.4
Other current assets			2.0						—						2.0
Property			361.9						(2.0)						359.9
Intangible assets:
Indefinite-lived trade names			254.9						—						254.9
Customer relationships			198.7						15.0						213.7
Patents, technology, and other			275.1						—						275.1
Goodwill			277.1						126.9						404.0
Other non-current assets			12.3						—						12.3
Accounts payable			32.2						—						32.2
Accrued expenses and other current liabilities			12.9						0.3						13.2
Deferred tax liabilities			86.1						131.3						217.4
Noncontrolling interests			—						2.3						2.3
Other non-current liabilities			13.1						—						13.1
Total purchase price consideration			$	1,476.8					$	—					$	1,476.8

Schedule of Pro Forma Information Sales and Income from Continuing Operations

			Three Months Ended						Six Months Ended
			June 30, 2022						June 30, 2022
Sales			$	991.6					$	1,978.6
Income from continuing operations before income taxes			91.5						179.6

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
-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

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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
-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

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration