Acquisitions (Tables)

6 Months Ended

Jun. 30, 2016

A&B Process Systems

Business Acquisition [Line Items]

Schedule of Provisional Fair Values Recorded for Assets Acquired and Liabilities Assumed

The following table summarizes the provisional fair values recorded for the assets acquired and liabilities assumed for A&B:

(In millions)
Assets:
Trade receivables	$	15.7
Inventories	1.0
Prepaid expenses	0.6
Costs in excess of billings on projects in progress	5.1
Property, plant and equipment	18.1
Other assets	0.2
Intangible assets:
Backlog	1.2
Customer relationships	14.6
Non-compete agreements	0.9
Trademark	3.1
Technological know-how - skidded systems	3.9
Technological know-how - tanks and vessels	1.3
Total assets	65.7
Liabilities:
Accounts payable	6.1
Billings in excess of costs on projects in progress	6.6
Other liabilities	3.3
Total liabilities	16.0
Total cash consideration paid and accrued	103.0
Goodwill	$	53.3

Stork Food Dairy Systems BV

Business Acquisition [Line Items]

Schedule of Provisional Fair Values Recorded for Assets Acquired and Liabilities Assumed

The following table summarizes the fair values recorded for the assets acquired and liabilities assumed for SFDS:

(In millions)
Assets:
Cash	$	1.1
Trade receivables	10.0
Other receivables	2.5
Inventories	4.8
Costs in excess of billings on projects in progress	7.8
Property, plant and equipment	9.8
Intangible assets:
Customer relationships	2.1
Patents	2.9
Tradename	0.2
Deferred income taxes	1.6
Total assets	42.8
Liabilities:
Accounts payable	9.2
Billings in excess of costs on projects in progress	7.6
Deferred income taxes	2.7
Other liabilities	11.3
Total liabilities	30.8
Total purchase price	51.8
Goodwill	$	39.8