Business Acquisitions (Tables)

6 Months Ended

Jun. 14, 2014

Preliminary Allocation of Purchase Price

The following table summarizes the final fair values of the assets acquired and liabilities assumed in connection with the PLG acquisition.



(In millions)
Cash	$	23.6
Accounts receivable	151.2
Inventories	203.5
Deferred income taxes	13.6
Other current assets	13.2
Property, plant and equipment	77.1
Goodwill	408.8
Intangible assets	821.8
Other	11.2
Total assets acquired	1,724.0
Accounts payable	97.4
Other accrued liabilities	42.2
Deferred income taxes	287.2
Accrued pension liabilities	37.7
Other liabilities	10.0
Total liabilities assumed	474.5
Net assets acquired	$	1,249.5

Addition to Goodwill within Reportable Segments

The excess of the purchase price over the fair value of net assets acquired of $408.8 million was 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)
Performance Group	$	82.5
Lifestyle Group	326.3
Total	$	408.8

Intangible Assets Acquired in Acquisition

Intangible assets acquired in the PLG acquisition were valued as follows:



(In millions)	Intangible asset		Useful life
Trade names and trademarks	$	671.8	Indefinite
Customer lists	100.5		3-20 years
Licensing agreements	28.8		4-5 years
Developed product technology	14.9		3-5 years
Backlog	5.2		6 months
Net favorable leases	0.6		10 years
Total intangible assets acquired	$	821.8