XML 37 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Business Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Consideration Paid and Preliminary Estimated Fair Values Of Assets Acquired and Liabilities Assumed
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 are as follows ($ in millions):
September 30, 2020
Cash and cash equivalents$1.6 
Accounts receivable8.6 
Inventory14.2 
Other current assets0.2 
Property, plant and equipment7.3 
Identifiable intangible assets81.8 
Other noncurrent assets3.7 
Total assets$117.4 
Accounts payable$3.0 
Other current liabilities2.0 
Other noncurrent liabilities2.7 
Net assets acquired$109.7 
Goodwill61.2 
Total consideration$170.9 
Preliminary Fair Values as of September 30, 2020Weighted-Average Amortization Period (Years)
Amortizable intangible assets:   
Customer relationships$63.0  15
Tradenames and other10.8 15
Developed technology8.0  10
Total amortizable intangible assets$81.8 
Schedule of Net Sales and Income From Continuing Operations of Acquired Company included in Consolidated Financial Statements
The amounts of Net sales and Income from continuing operations of Tekra included in the Company's condensed consolidated income statement from the acquisition date are as follows ($ in millions):
Three Months Ended September 30, 2020March 13, 2020 - September 30, 2020
Net Sales$23.2 $53.7 
Income from Continuing Operations$0.4 $0.1