GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2019

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill

	Global		Global		Global
(millions)	Industrial		Institutional		Energy		Other		Total
December 31, 2018		$2,730.8		$1,015.3		$3,126.6		$205.3		$7,078.0
Current year business combinations (a)		93.2		86.8		-		0.7		180.7
Prior year business combinations (b)		(0.2)		-		-		-		(0.2)
Effect of foreign currency translation		(9.5)		(3.7)		(10.5)		(0.7)		(24.4)
June 30, 2019		$2,814.3		$1,098.4		$3,116.1		$205.3		$7,234.1

(a) Represents goodwill associated with current year acquisitions. The Company expects $0.7 million of the goodwill related to businesses acquired to be tax deductible.

(b) Represents the purchase price allocation adjustments for acquisitions deemed preliminary as of the end of the prior year.