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

12 Months Ended

Dec. 31, 2023

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 (A)	159.9
Goodwill (A)(B)(C)(D)	459.2
Trade names	133.0		Indefinite
Developed technology	160.0		15 years
Customer relationships	185.0		15 years
Property and equipment	46.1
Other assets	26.6
Total assets acquired	1,229.1
Accounts payable	66.0
Accrued expenses (C)	48.6
Other liabilities (D)	23.4
Deferred tax liabilities (D)	18.7
Total liabilities assumed	156.7
Net cash consideration paid, net of cash acquired	$	1,072.4

(A) Includes $1.8 million of purchase accounting adjustments related to inventory reserves.

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

(C) Includes $3.5 million of purchase accounting adjustments related to contingency reserves.

(D) Includes $18.4 million of purchase accounting adjustments related to taxes.

Business Acquisition, Pro Forma Information [Table Text Block]

(in millions)	Year Ended  December 31, 2022		Year Ended  December 31, 2021
Pro forma Net sales	$	6,812.2	$	6,218.7
Pro forma Net earnings	684.9		589.6