XML 35 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions and Divestitures (Tables)
9 Months Ended
Sep. 28, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition The following summarizes the provisional fair value estimates of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions closed during the nine months ended September 28, 2018 ($ in millions):
 
Accruent
 
Gordian
 
Other
 
Total
Accounts receivable
$
52.8

 
$
30.0

 
$

 
$
82.8

Property, plant and equipment
4.1

 
3.0

 

 
7.1

Goodwill
1,217.5

 
442.5

 
1.8

 
1,661.8

Other intangible assets, primarily customer relationships, trade names and technology
926.5

 
376.5

 
6.8

 
1,309.8

Trade accounts payable
(8.7
)
 
(1.0
)
 

 
(9.7
)
Other assets and liabilities, net
(199.3
)
 
(72.8
)
 
(0.9
)
 
(273.0
)
Net cash consideration
$
1,992.9

 
$
778.2

 
$
7.7

 
$
2,778.8

Business Acquisition, Pro Forma Information The unaudited pro forma information for the periods set forth below gives effect to the 2018 and 2017 acquisitions as if they had occurred as of January 1, 2017. The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 28, 2018
 
September 29, 2017
 
September 28, 2018
 
September 29, 2017
Sales
$
1,895.5

 
$
1,854.0

 
$
5,691.4

 
$
5,396.4

Net earnings
$
228.0

 
$
211.9

 
$
730.0

 
$
584.1

Diluted net earnings per share
$
0.64

 
$
0.60

 
$
2.07

 
$
1.66