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Acquisitions
3 Months Ended
Mar. 31, 2023
Business Combinations [Abstract]  
Acquisitions

15. Acquisitions

In December 2022, the Company completed two acquisitions for which the aggregate purchase price consideration was allocated to the assets acquired and liabilities assumed based on a preliminary estimate of their acquisition date fair values. Due to the level of effort required to develop fair value measurements, the valuation information necessary to determine the fair values of properties, plant and equipment, inventory and identifiable intangible assets, including the underlying cash flows was preliminary at December 31, 2022. As of March 31, 2023, the Company completed its preliminary valuations of the acquired assets and liabilities assumed and recognized approximately $3 million in adjustments primarily relating to the fair values of acquired intangibles. If additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), the Company will refine its estimate of fair value to allocate the purchase price more accurately; any such revisions are not expected to be significant.