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Business Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2020
Business Combinations [Abstract] |
Schedule of Consideration Paid and Preliminary Estimated Fair Values Of Assets Acquired and Liabilities Assumed | The following table shows the preliminary fair values assigned to identifiable intangible assets ($ in millions):
| Preliminary Fair Values as of March 13, 2020 |  | Weighted-Average Amortization Period (Years)
Amortizable intangible assets: |  |  |
Customer relationships | $ | 66.0 |  |  | 15
Tradenames and other | 11.2 |  |  | 15
Developed technology | 8.0 |  |  | 10
Total amortizable intangible assets | $ | 85.2 |  |  |
The consideration paid for Tekra and the preliminary estimated fair values of the assets acquired, and liabilities assumed as of the March 13, 2020 acquisition date were as follows ($ in millions):
| Preliminary Fair Values as of March 13, 2020
Cash and cash equivalents | $ | 2.1 |
Accounts receivable | 8.8 |
Inventory | 14.1 |
Other current assets | 0.2 |
Property, plant and equipment | 7.3 |
Identifiable intangible assets | 85.2 |
Other noncurrent assets | 3.3 |
Total assets | 121.0 |
Accounts payable | 2.4 |
Other current liabilities | 3.6 |
Other noncurrent liabilities | 2.7 |
Net assets acquired | 112.3 |
Goodwill | 60.4 |
Total consideration | $ | 172.7 |
Schedule of Net Sales and Income From Continuing Operations of Acquired Company included in Consolidated Financial Statements | The amounts of Net sales and Income from continuing operations of Tekra included in the Company's condensed consolidated income statement from the acquisition date are as follows ($ in millions):
| March 13, 2020 - March 31, 2020
Net Sales | $ | 5.5 |
Income from Continuing Operations | $ | 0.4 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://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 http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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