Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table is a summary of the assets acquired, liabilities assumed and net cash consideration paid, net of cash acquired, for the Navico acquisition:

(in millions)	Fair Value		Useful Life
Accounts and notes receivable	$	59.3
Inventory	161.7
Goodwill (A)	435.5
Trade names	133.0		Indefinite
Developed technology	160.0		15 years
Customer relationships	185.0		15 years
Property and equipment	46.1
Other assets	26.9
Total assets acquired	1,207.5
Accounts payable	66.0
Accrued expenses	45.1
Other liabilities	24.0
Total liabilities assumed	135.1
Net cash consideration paid, net of cash acquired	$	1,072.4

(A) The goodwill recorded for the acquisition of Navico is partially deductible for tax purposes.

Business Acquisition, Pro Forma Information [Table Text Block]

(in millions)	Year Ended  December 31, 2021		Year Ended  December 31, 2020
Pro forma Net sales	$	6,212.3	$	4,694.0
Pro forma Net earnings	633.6		322.4