Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase price is based on the fair values of the assets acquired and liabilities assumed as of August 2, 2021. The Company continues to obtain information to complete its valuation of intangible assets, as well as to determine the acquired assets and liabilities, including tax assets, liabilities and other attributes. The components of the preliminary purchase price allocation are as follows:

(in millions)
Accounts receivable, net	$	3.5
Inventory	51.1
Property, plant and equipment	30.4
Goodwill	331.3
Indefinite-lived intangible asset	143.1
Operating lease right-of-use assets	158.2
Other current and non-current assets	7.1
Accounts payable	(55.6)
Accrued expenses and other current liabilities	(68.5)
Operating lease liabilities	(165.1)
Debt	(6.1)
Other liabilities	(2.4)
Purchase price, net of cash acquired	$	427.0