Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table contains the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions during the periods presented (using inputs discussed in Note A). Of the goodwill included in the table below, approximately $134.0 is expected to be deductible for tax purposes.

	2021		2019
Accounts receivable	$	18.3	$	75.2
Inventory	17.0		63.2
Property, plant and equipment	16.4		82.3
Goodwill (see Note D)	70.9		566.3
Other intangible assets (see Note D)
Customer relationships (15-year life)	64.9		378.9
Technology (8 to 15-year life)	5.5		173.3
Trademarks and trade names (15 to 20-year life)	7.2		67.1
Non-compete agreements and other (1 to 15-year life)	2.7		28.7
Other current and long-term assets	5.5		29.4
Current liabilities	(39.2)		(48.2)
Deferred income taxes	(11.9)		(127.4)
Long-term liabilities	(4.7)		(23.7)
Net cash consideration	$	152.6	$	1,265.1

Schedule of Acquisitions

The following table summarizes acquisitions for the periods presented.

 

Year Ended	Number of Acquisitions	Segment	Product/Service
December 31, 2021	3	Bedding Products Furniture, Flooring & Textile Products Specialized Products	Manufacturer of specialty foam for the bedding and furniture industries Manufacturer of bent metal tubing for furniture used in office, residential, and other settings Manufacturer of high-pressure and high-temperature ducting, flexible joints, and components
December 31, 2020	None
December 31, 2019	2	Bedding Products Furniture, Flooring & Textile Products	A leader in proprietary specialized foam technology, primarily for the bedding and furniture industries Manufacturer and distributor of geosynthetic and mine ventilation products