Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

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



(In millions)
Assets:
Accounts receivable	$	15.7
Prepaids	0.6
Costs in excess of billings on projects in process	5.1
Inventories	1.0
Property, plant and equipment	18.1
Other Assets	0.2
Intangible assets:
Customer relationships	15.5
Tradename	3.5
Technological know-how - skidded systems	4.1
Technological know-how - tanks and vessels	1.3
Backlog	1.3
Noncompete agreements	1.0
Total assets	$	67.4

Liabilities:
Accounts payable	$	6.1
Other liabilities	3.3
Billings in excess of cost on projects in process	6.6
Earnout liability	3.0
Total liabilities	$	19.0

Cash consideration paid	$	99.9
Contingent consideration	3.0
Total purchase price	$	102.9

Goodwill	$	51.5

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



(In millions)
Assets:
Cash	$	1.1
Accounts receivable	10.0
Other receivables	2.5
Inventories	4.8
Costs in excess of billings on projects in process	7.8
Property, plant and equipment	9.8
Intangible assets:
Tradename	0.2
Customer relationships	4.1
Patents	3.9
Deferred tax asset	1.1
Total assets	$	45.3

Liabilities:
Accounts payable	$	9.2
Billings in excess of costs on projects in process	7.6
Other liabilities	10.2
Deferred taxes	3.3
Total liabilities	$	30.3

Total purchase price	$	51.8

Goodwill	$	36.8

The following table summarizes the fair values recorded for the assets acquired and liabilities assumed for Wolf-Tec:



(In millions)
Assets:
Cash	$	—
Accounts receivable	2.3
Other current assets	0.3
Inventories	6.5
Property, plant and equipment	7.7
Intangible assets:
Customer relationships	17.0
Intellectual property	2.8
Tradename	1.5
Noncompete agreement	0.8
Backlog & other assets	0.3
Deferred tax asset	0.9
Total assets	$	40.1

Liabilities:
Accounts payable	1.7
Deferred revenue	0.3
Other liabilities	1.7
Total liabilities	$	3.7

Total purchase price	$	53.9

Goodwill	$	17.5

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



Assets:
Cash	$	10.0
Accounts receivable	2.3
Inventories	0.4
Property, plant and equipment	0.1
Intangible assets:
Customer relationships	15.7
Other intangible assets	8.4
Total assets	$	36.9

Liabilities:
Accounts payable	$	1.3
Deferred revenue	2.3
Other liabilities	2.4
Deferred taxes	4.1
Total liabilities	$	10.1

Total purchase price	$	45.7

Goodwill	$	18.9