Business Combinations

6 Months Ended

Jun. 30, 2022

NOTE 17 — BUSINESS COMBINATIONS

The following table summarizes the net assets acquired by segment from the 2021 acquisitions (amounts in millions):


	Material Handling			Construction			Total
Cash	$	0.5		$	1.2		$	1.7
Accounts receivable, net of allowances		0.9			7.8			8.7
Inventories, net		0.6			28.2			28.8
Prepaid expenses and other current assets		0.4			0.6			1.0
Rental fleet, net		—			13.1			13.1
Property and equipment, net		0.6			3.0			3.6
Other intangible assets, net		0.9			19.0			19.9
Goodwill		1.5			19.6			21.1
Total Assets	$	5.4		$	92.5		$	97.9

Floor plan payable		—			(17.1	)		(17.1	)
Accounts payable		(0.3	)		(4.7	)		(5.0	)
Accrued expenses		(0.1	)		(2.7	)		(2.8	)
Customer deposits		(0.3	)		(1.5	)		(1.8	)
Other current liabilities		(0.9	)		—			(0.9	)
Deferred tax liability		—			(3.7	)		(3.7	)
Other liabilities		—			(0.7	)		(0.7	)
Total liabilities	$	(1.6	)	$	(30.4	)	$	(32.0	)

Net Assets Acquired	$	3.8		$	62.1		$	65.9

Assets acquired net of cash	$	3.3		$	60.9		$	64.2

During 2022, we have had purchase price accounting adjustments related to 2021 acquisitions which were not significant individually or in the aggregate. See the Condensed Consolidated Statements of Cash Flows for the total cash outflow in "Expenditures for acquisitions, net of cash acquired." We describe our 2021 acquisitions in more detail in Note 20 of the audited consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2021.