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Acquisition of QGP Quimica Geral (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combinations [Abstract] |
Summary of total purchase price and the estimated allocation of the purchase price to the assets acquired and liabilities assumed | The following table summarizes the calculations of the total purchase price and the estimated allocation of the purchase price to the provisional assets acquired and liabilities assumed for the business:
(in millions) |  | QGP |
Goodwill |  | $ | 37.4 |
Other intangible assets |  |  | 7.3 |
Deferred tax on other intangible assets |  |  | (2.5 | )
Net property, plant and equipment |  |  | 9.6 |
Other net assets acquired |  |  | 6.2 |
Purchase price, net of cash acquired |  | $ | 58.0 |
Schedule of supplemental unaudited pro forma information | For illustrative purposes only pro forma information of the enlarged group is provided below but is not necessarily indicative of what the financial position or results of operations would have been had the QGP acquisition been completed as part of the Company from January 1, 2021. In addition, the unaudited pro forma financial information is not indicative of, nor does it purport to project, the future financial position of operating results of the enlarged group.
(in millions, except per share data) |  | 2023 |  |  | 2022 |  |  | 2021 |
Net sales |  | $ | 2,001.7 |  |  | $ | 2,017.9 |  |  | $ | 1,527.9 |
Net income |  | $ | 145.1 |  |  | $ | 140.7 |  |  | $ | 98.2 |
Earnings per share – basic |  | $ | 5.84 |  |  | $ | 5.68 |  |  | $ | 3.99 |
– diluted |  | $ | 5.80 |  |  | $ | 5.63 |  |  | $ | 3.95 |

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- 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
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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://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
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