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Acquisitions Acquisitions (Tables)
6 Months Ended
Jun. 28, 2019
Business Combinations [Abstract]  
Schedule of Business Acquisitions
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
Accounts receivable
$
14.7

Property, plant and equipment
1.8

Goodwill
265.8

Other intangible assets
304.3

Other assets and liabilities, net
(49.5
)
Net cash consideration
$
537.1


The following table summarizes the provisional fair value estimates of the assets acquired and liabilities assumed of Principal Countries that have been transferred to ASP as of June 28, 2019; we did not acquire accounts receivable or accounts payable from Johnson & Johnson:
 
Advanced Sterilization Products
Inventory
$
164.2

Property, plant and equipment
45.2

Goodwill
1,299.9

Other intangible assets, primarily customer relationships, trade names and technology
1,149.0

Other assets and liabilities, net
(63.4
)
Total consideration allocated to Principal Countries
2,594.9

Prepaid acquisition asset related to Non-Principal Countries
105.1

Net cash consideration
$
2,700.0


Pro Forma Information The pro forma information is presented for informational purposes only and is not 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
 
Six Months Ended
 
June 28, 2019
 
June 29, 2018
 
June 28, 2019
 
June 29, 2018
Sales
$
1,894.5

 
$
1,907.6

 
$
3,737.1

 
$
3,699.2

Net earnings
$
226.1

 
$
151.7

 
$
388.7

 
$
287.3

Diluted net earnings per share
$
0.67

 
$
0.43

 
$
1.14

 
$
0.81