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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition The table below summarizes the final purchase price allocation to acquired assets, including goodwill and intangible assets.
Acquisition-Date
Fair Value
Cash and cash equivalents$52.8 
Accounts receivable634.1 
Intangible assets, net1,164.0 
Goodwill1,566.6 
Other assets438.1 
Total assets acquired3,855.6 
Accounts payable-trade633.8 
Debt170.1 
Deferred tax liabilities207.0 
Other liabilities389.7 
Total liabilities assumed1,400.6 
Total purchase price$2,455.0 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The table below summarizes the fair value of identifiable intangible assets acquired.
Useful Lives (Years)Acquisition-Date
Fair Value
Customer relationships12$1,140.0 
Trade name124.0 
$1,164.0 
Schedule of Business Acquisition Pro Forma Information
The following unaudited pro forma financial information presents the combined results of operations as if the acquisition of Sirius had been consummated on January 1, 2020. The pro forma adjustments are based on historical results of operations and financial condition of the Company and Sirius and do not include any anticipated synergies or other expected benefits of the acquisition. The unaudited pro forma financial information is not necessarily indicative of the actual consolidated results of operations had the acquisition actually consummated on January 1, 2020, nor are they indicative of future consolidated results of operations of the combined company.
Year Ended December 31,
20212020
Pro forma net sales$22,793.0 $20,659.0 
Pro forma net income977.4 771.1