Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Business Acquisition [Line Items]

Schedule of unaudited pro forma financial information

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2021		2021
Net sales	$	1,300.2	$	3,863.8
Net income	$	94.1	$	355.1
Income from continuing operations	$	80.4	$	317.1

Heathland B.V.

Business Acquisition [Line Items]

Schedule of purchase price allocation

	January 3,
	2022
Cash and cash equivalents	$	1.0
Other current assets		1.2
Other intangible assets (1)
Customer relationships		5.1
Tradenames		0.9
Developed technology		0.2
Other assets		1.0
Total fair value of assets acquired		9.4
Current liabilities		(1.3)
Noncurrent liabilities		(1.6)
Total fair value of liabilities assumed		(2.9)
Net identifiable assets acquired		6.5
Purchase price consideration		29.3
Goodwill (2)	$	22.8

(1) The expected weighted average useful life of the acquired intangible assets are 7 years for customer relationships, tradenames and developed technology.

(2) Goodwill largely consists of strategic and synergistic opportunities resulting from combining Heathland with the Company’s existing businesses and is allocated entirely to the Base Plastics segment. No goodwill related to this acquisition is expected to be deductible for income tax purposes.