Business Combinations (Tables)

6 Months Ended

Jun. 30, 2016

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.

	Three Months Ended June 30, 2015		Six Months Ended June 30, 2015
	(in millions)
Net Sales	$	1,880.2	$	3,822.0
Net Earnings	$	19.0	$	226.2

Changes in Carrying Amount of Goodwill

The following table summarizes the changes in the carrying amount of our goodwill (in millions):

	Americas			EMEA			Asia Pacific			Product Category Operating Segments			Total
Balance at December 31, 2015
Goodwill	$	7,328.0		$	1,291.0		$	548.9		$	1,139.3		$	10,307.2
Accumulated impairment loss		—			—			—			(373.0	)		(373.0	)
		7,328.0			1,291.0			548.9			766.3			9,934.2
Biomet purchase accounting adjustments		(51.4	)		(10.4	)		(61.3	)		(17.6	)		(140.7	)
Other acquisitions		136.7			2.9			—			—			139.6
Currency translation		21.1			4.7			16.0			1.7			43.5
Balance at June 30, 2016
Goodwill		7,434.4			1,288.2			503.6			1,123.4			10,349.6
Accumulated impairment loss		—			—			—			(373.0	)		(373.0	)
	$	7,434.4		$	1,288.2		$	503.6		$	750.4		$	9,976.6

Biomet [Member]

Summary of Aggregate Preliminary Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the updated and final fair values of the assets acquired and liabilities assumed at the Closing Date (in millions):

	Closing Date
	(as adjusted as of March 31, 2016)		Adjustments			Final Values
Cash	$	494.8	$	—		$	494.8
Accounts receivable, net		528.1		(0.2	)		527.9
Inventory		1,237.5		(13.4	)		1,224.1
Other current assets		26.4		(1.0	)		25.4
Property, plant and equipment		783.3		(8.0	)		775.3
Intangible assets not subject to amortization:
Trademarks and trade names		479.0		—			479.0
In-process research and development (IPR&D)		246.0		(37.0	)		209.0
Intangible assets subject to amortization:
Technology		2,332.1		—			2,332.1
Customer relationships		4,946.0		15.0			4,961.0
Trademarks and trade names		360.0		—			360.0
Other assets		50.6		(8.0	)		42.6
Goodwill		7,717.2		(284.0	)		7,433.2
Total assets acquired		19,201.0		(336.6	)		18,864.4
Current liabilities		615.0		(31.0	)		584.0
Long-term debt		2,740.0		—			2,740.0
Deferred taxes		3,849.6		(352.0	)		3,497.6
Other long-term liabilities		56.5		46.4			102.9
Total liabilities assumed		7,261.1		(336.6	)		6,924.5
Net assets acquired	$	11,939.9	$	—		$	11,939.9

Cayenne Medical, CTC [Member]

Summary of Aggregate Preliminary Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the aggregate preliminary fair values of the assets acquired and liabilities assumed related to the Cayenne Medical, CTC and other immaterial acquisitions during the three months ended June 30, 2016 (in millions):

Current assets	$	26.9
Intangible assets		118.6
Goodwill		139.6
Other assets		2.9
Total assets acquired		288.0
Current liabilities		4.3
Long-term liabilities		62.2
Total liabilities assumed		66.5
Net assets acquired	$	221.5