Acquisition (Tables)

12 Months Ended

Sep. 30, 2021

Schedule of allocation of estimated fair values

The initial and revised estimated fair values of the assets acquired and liabilities and noncontrolling interests assumed were as follows:


(in millions)	Initial Estimated Fair Value		Adjustments		Revised Estimated Fair Value
as of July 31, 2020
Cash and cash equivalents	$	681.1	$	—	$	681.1
Cash and cash equivalents of consolidated investment products	253.4		—		253.4
Investments	471.8		—		471.8
Investments of consolidated investment products	402.9		—		402.9
Receivables	525.7		—		525.7
Indefinite-lived intangible assets	2,727.8		—		2,727.8
Definite-lived intangible assets1	1,353.8		—		1,353.8
Goodwill	2,325.0		(52.4)		2,272.6
Deferred tax assets	148.4		57.6		206.0
Other assets	530.7		—		530.7
Debt	(2,324.4)		—		(2,324.4)
Debt of consolidated investment products	(330.8)		—		(330.8)
Compensation and benefits	(579.9)		—		(579.9)
Deferred tax liabilities	(315.4)		0.9		(314.5)
Other liabilities	(926.4)		(6.1)		(932.5)
Redeemable noncontrolling interests	(186.4)		—		(186.4)
Nonredeemable noncontrolling interests	(20.1)		—		(20.1)
Total Identifiable Net Assets	$	4,737.2	$	—	$	4,737.2

Schedule of unaudited pro forma information

The pro forma adjustments include acquisition-related costs, adjustments to intangible amortization expense, and interest expense related to debt assumed. These pro forma results are not indicative of future results of operations that would have been achieved nor are they indicative of future results of operations of the combined entity.


(in millions)
for the fiscal year ended September 30,	2020		2019
Revenues	$	7,862.0	$	8,436.0
Net Income Attributable to Franklin Resources, Inc.	967.5		886.6