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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2012
Business Combinations [Abstract]  
Schedule of purchase price allocation
The acquisition-date fair value of the consideration transferred consisted of the following:
(In millions)
Schilling Robotics
  
CSI
  
Pure Energy
 
Total
Cash
$
282.8

  
$
49.0

(1)
$
287.0

 
$
618.8

Previously held equity interest
144.9

 

 

 
144.9

Purchase price withheld

 
10.0

(2)

 
10.0

Total
$
427.7

 
$
59.0

 
$
287.0

 
$
773.7

Schedule of recognized identified assets acquired and liabilities assumed
The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition dates.
(In millions)
Schilling Robotics
  
CSI
  
Pure Energy
 
Total
Assets:
 
 
 
 

 
 
Cash
$
3.9

 
$
0.3

 
$
0.2

 
$
4.4

Accounts receivable
22.4

 
8.2

 
44.8

 
75.4

Inventory
50.6

 
0.1

 
3.3

 
54.0

Other current assets
2.1

 
0.2

 
2.1

 
4.4

Property, plant and equipment
21.7

 
0.2

 
162.2

 
184.1

Intangible assets
145.9

 
35.1

 
58.2

 
239.2

Other long-term assets
0.7

 

 

 
0.7

Total identifiable assets acquired
247.3

 
44.1

 
270.8

 
562.2

Liabilities:
 
 
 
 
 
 
 
Current liabilities
(33.4
)
 
(15.8
)
 
(38.1
)
 
(87.3
)
Long-term debt

 

 
(18.6
)
 
(18.6
)
Deferred income taxes

 

 
(12.6
)
 
(12.6
)
Other long-term liabilities
(1.9
)
 

 

 
(1.9
)
Total liabilities assumed
(35.3
)
 
(15.8
)
 
(69.3
)
 
(120.4
)
Net identifiable assets acquired
212.0

 
28.3

 
201.5

 
441.8
Goodwill
215.7

 
30.7

 
85.5

 
331.9
Net assets acquired
$
427.7

 
$
59.0

 
$
287.0

 
$
773.7

Schedule of finite-Lived intangible assets acquired as part of business combination
The identifiable intangible assets acquired include the following:
 
Schilling Robotics
 
CSI
 
Pure Energy
(In millions, except amortization periods)
Fair Value
 
Wgtd. Avg. Amortization Period (in years)
 
Fair Value
 
Wgtd. Avg. Amortization Period (in years)
 
Fair Value
 
Wgtd. Avg. Amortization Period (in years)
Technology
$
38.9

 
12

 
$
17.0

 
10

 
$

 

Trademarks/trade name
25.4

 
20

 
2.8

 
15

 

 

Customer relationships
42.9

 
20

 
15.3

 
15

 
57.6

 
20

Base technology – technical know-how
38.7

 
15

 

 

 

 

Non-compete agreements

 

 

 

 
0.6

 
2

Total identifiable intangible assets acquired
$
145.9

 
 
 
$
35.1

 
 
 
$
58.2

 
 
Business acquisition, pro forma information
Accordingly, the pro forma results should not be considered indicative of the results that would have occurred if the acquisitions had been consummated as of January 1, 2011, nor are they indicative of future results.
 
Year Ended December 31,
(In millions)
2012 Pro Forma
 
2011 Pro Forma      
Revenue
$
6,394.4

 
$
5,512.8

Net income
$
446.0

 
$
444.3