Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2013

Acquisitions and Dispositions

Schedule of components of the aggregate purchase prices of acquisitions

	Second Quarter Ended						Six Months Ended
	June 30						June 30
(millions)	2013			2012			2013			2012
Net tangible assets acquired	$	1.9		$	(2.1	)	$	(2.3	)	$	(0.4	)
Identifiable intangible assets
Customer relationships	11.6			6.1			58.8			8.4
Trademarks	1.3			0.4			1.4			0.5
Patents	—			—			—			2.8
Other technology	1.0			0.1			1.0			0.3
Total intangible assets	13.9			6.6			61.2			12.0
Goodwill	7.9			9.0			41.2			23.2
Total aggregate purchase price	23.7			13.5			100.1			34.8
Contingent consideration	—			—			9.8			(2.6		)
Liability for indemnification, net	(2.6		)	—			2.4			(0.8		)
Net cash paid for acquisitions	$	21.1		$	13.5		$	112.3		$	31.4

Champion

Business acquisitions

Schedule of final consideration transferred to acquire all of the acquired entity's stock

(millions, except per share)
Cash consideration	$	1,429.9
Stock consideration
Ecolab shares issued to Champion shareholders	6.6
Ecolab’s closing stock price on April 10, 2013	$	82.31
Total fair value of stock consideration	$	543.0
Total fair value of cash and stock consideration	$	1,972.9

Schedule of assets acquired and liabilities assumed as of acquisition date

(millions)	Preliminary Valuation
Current assets	$	593.9
Property, plant and equipment	369.3
Other assets	43.4
Identifiable intangible assets
Customer relationships	840.0
Trademarks	120.0
Other technology	36.5
Total assets acquired	2,003.1
Current liabilities	418.2
Long-term debt	70.8
Net deferred tax liability	433.2
Noncontrolling interest and other liabilities	17.1
Total liabilities and noncontrolling interests assumed	939.3
Goodwill	993.0
Total aggregate purchase price	2,056.8
Estimated future consideration payable to sellers	(83.9		)
Total consideration transferred	$	1,972.9