Acquisitions (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of consideration for all businesses acquired in 2023 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for acquisitions completed in the third quarter, including Roots, is preliminary, and amounts assigned to acquired assets and liabilities assumed are subject to change as information necessary to complete the analysis is obtained. Initial accounting for all other acquisitions completed in 2023,

including Air Treatment, is substantially complete and any further measurement period adjustments are not expected to be material.

	Air Treatment		Roots		All Others		Total
Accounts receivable	$	26.1	$	12.4	$	8.2	$	46.7
Inventories	43.9		37.5		16.7		98.1
Other current assets	2.2		4.4		7.0		13.6
Property, plant and equipment	18.4		42.6		3.7		64.7
Goodwill	280.7		100.3		85.9		466.9
Other intangible assets	238.6		120.4		23.7		382.7
Other assets	23.9		28.8		0.6		53.3
Total current liabilities	(35.9)		(26.1)		(14.8)		(76.8)
Deferred tax liabilities	(72.0)		(26.5)		(0.2)		(98.7)
Other noncurrent liabilities	(6.9)		(1.9)		(3.2)		(12.0)
Total consideration	$	519.0	$	291.9	$	127.6	$	938.5

The following table summarizes the allocation of consideration for all businesses acquired in 2022 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for all 2022 acquisitions is complete.

	Dosatron International		All Others		Total
Accounts receivable	$	1.8	$	16.2	$	18.0
Inventories	6.2		20.4		26.6
Other current assets	0.1		1.3		1.4
Property, plant and equipment	0.3		8.9		9.2
Goodwill	57.4		151.9		209.3
Other intangible assets	41.9		43.0		84.9
Other assets	13.8		0.9		14.7
Total current liabilities	(3.5)		(30.7)		(34.2)
Deferred tax liabilities	(13.8)		(9.7)		(23.5)
Other noncurrent liabilities	—		(1.9)		(1.9)
Total consideration	$	104.2	$	200.3	$	304.5