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Business Acquisitions (Tables) | 9 Months Ended
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Sep. 07, 2013
Business Combinations [Abstract] |
Preliminary Allocation of Purchase Price | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed in connection with the PLG acquisition:
(In millions) | Initial valuation at December 29, 2012 |  | Measurement period adjustments |  | Adjusted preliminary valuation at September 7, 2013
Cash | $ | 23.6 |  |  | $ | — |  |  | $ | 23.6 |
Accounts receivable | 146.9 |  |  | 4.3 |  |  | 151.2 |
Inventories | 203.5 |  |  | — |  |  | 203.5 |
Deferred income taxes | 13.6 |  |  | — |  |  | 13.6 |
Other current assets | 13.2 |  |  | — |  |  | 13.2 |
Property, plant and equipment | 77.1 |  |  | — |  |  | 77.1 |
Goodwill | 419.6 |  |  | (11.1 | ) |  | 408.5 |
Intangible assets | 820.6 |  |  | — |  |  | 820.6 |
Other | 11.2 |  |  | 1.8 |  |  | 13.0 |
Total assets acquired | 1,729.3 |  |  | (5.0 | ) |  | 1,724.3 |
Accounts payable | 97.4 |  |  | — |  |  | 97.4 |
Other accrued liabilities | 40.0 |  |  | 1.5 |  |  | 41.5 |
Deferred income taxes | 294.7 |  |  | (6.5 | ) |  | 288.2 |
Accrued pension liabilities | 37.7 |  |  | — |  |  | 37.7 |
Other liabilities | 10.0 |  |  | — |  |  | 10.0 |
Total liabilities assumed | 479.8 |  |  | (5.0 | ) |  | 474.8 |
Net assets acquired | $ | 1,249.5 |  |  | $ | — |  |  | $ | 1,249.5 |
Addition to Goodwill within Reportable Segments | The excess of the purchase price over the fair value of net assets acquired of $408.5 million was preliminarily recorded as goodwill in the consolidated condensed balance sheets and has been assigned to the Performance Group and Lifestyle Group reportable operating segments as follows:
(In millions) | Goodwill from the acquisition of PLG
Performance Group | $ | 82.4 |
Lifestyle Group | 326.1 |
Total | $ | 408.5 |
Intangible Assets Acquired in Acquisition | Intangible assets acquired in the acquisition were preliminarily valued as follows:
(In millions) | Intangible asset |  | Useful life
Trade names and trademarks | $ | 670.8 |  |  | Indefinite
Customer lists | 100.5 |  |  | 3-20 years
Licensing agreements | 28.8 |  |  | 4-5 years
Developed product technology | 14.8 |  |  | 3-5 years
Backlog | 5.1 |  |  | 6 months
Net favorable leases | 0.6 |  |  | 10 years
Total intangible assets acquired | $ | 820.6 |  |  |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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- Definition Schedule of goodwill acquired as part of business combination. + References No definition available. + Details
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