Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2013

Business acquisitions

Schedule of assets acquired and liabilities assumed as of acquisition date

	Third Quarter Ended				Nine Months Ended
	September 30				September 30
(millions)	2013		2012		2013			2012
Net tangible assets acquired	$	—	$	0.3	$	(2.3	)	$	(1.0	)
Identifiable intangible assets
Customer relationships	—		—		58.8			8.4
Trademarks	—		—		1.4			0.5
Patents	—		—		—			2.8
Other technology	—		—		1.0			0.3
Total intangible assets	—		—		61.2			12.0
Goodwill	—		0.1		41.2			23.3
Total aggregate purchase price	—		0.4		100.1			34.3
Contingent consideration	—		—		9.8			(2.6		)
Liability for indemnification, net	—		15.2		2.4			16.0
Net cash paid for acquisitions	$	—	$	15.6	$	112.3		$	47.7

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 Allocation at Acquisition Date			Adjustments to Fair Value			Updated Allocation at September 30, 2013
Current assets	$	593.9		$	4.2		$	598.1
Property, plant and equipment	369.3			(7.9		)	361.4
Other assets	43.4			(14.3		)	29.1
Identifiable intangible assets
Customer relationships	840.0			—			840.0
Trademarks	120.0			—			120.0
Other technology	36.5			—			36.5
Total assets acquired	2,003.1			(18.0		)	1,985.1
Current liabilities	418.2			(19.4		)	398.8
Long-term debt	70.8			—			70.8
Net deferred tax liability	433.2			22.4			455.6
Noncontrolling interest and other liabilities	17.1			(0.8		)	16.3
Total liabilities and noncontrolling interests assumed	939.3			2.2			941.5
Goodwill	993.0			20.2			1,013.2
Total aggregate purchase price	2,056.8			—			2,056.8
Estimated future consideration payable to sellers	(83.9		)	—			(83.9		)
Total consideration transferred	$	1,972.9		$	—		$	1,972.9