Business Combinations (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Summary of Preliminary Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes our estimate of the preliminary fair values of the assets acquired and liabilities assumed at the Closing Date, including measurement period adjustments recognized from our initial purchase price allocation through December 31, 2015 (in millions):

	Closing Date (initial)		Adjustments			Closing Date (as adjusted)
Cash	$	494.8	$	–		$	494.8
Accounts receivable, net		544.7		(15.7	)		529.0
Inventory		1,161.7		84.0			1,245.7
Other current assets		123.4		(97.0	)		26.4
Property, plant and equipment		699.4		92.0			791.4
Intangible assets not subject to amortization:
Trademarks and trade names		515.0		(36.0	)		479.0
In-process research and development (IPR&D)		–		246.0			246.0
Intangible assets subject to amortization:
Technology		3,075.3		(583.2	)		2,492.1
Customer relationships		5,829.0		(873.0	)		4,956.0
Trademarks and trade names		–		389.0			389.0
Other assets		29.5		211.6			241.1
Goodwill		5,270.2		2,303.7			7,573.9
Total assets acquired		17,743.0		1,721.4			19,464.4
Current liabilities		588.9		39.2			628.1
Long-term debt		2,740.0		–			2,740.0
Deferred taxes		2,489.7		1,607.8			4,097.5
Other long-term liabilities		58.2		0.7			58.9
Total liabilities assumed		5,876.8		1,647.7			7,524.5
Net assets acquired	$	11,866.2	$	73.7		$	11,939.9

Pro forma Financial Information Adjusted to Give Effect to the Merger

The pro forma financial information has been adjusted to give effect to the merger as if it had occurred on January 1, 2014.

Pro Forma Financial Information

(Unaudited)

Year Ended December 31,	2015		2014
	(in millions)
Net Sales	$	7,517.7	$	7,965.2
Net Earnings	$	327.4	$	314.5