ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Summary 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 as discussed in Note 13). A portion of the goodwill included in the table below is expected to provide an income tax benefit.

	Nine Months Ended September 30,
	2022
Accounts receivable	$	30.4
Inventory	36.5
Property, plant and equipment	5.8
Goodwill	35.9
Other intangible assets:
Customer relationships (15-year life)	39.5
Technology (10-year life)	5.0
Trademarks and trade names (15-year life)	1.2
Non-compete agreements and other (1 to 10-year life)	1.2
Other current and long-term assets	5.8
Current liabilities	(51.9)
Deferred income taxes	(16.7)
Other long-term liabilities	(2.6)
Fair value of net identifiable assets	90.1
Less: Additional contingent consideration payable	27.6
Net cash consideration	$	62.5

Summary of Acquisitions

The following table summarizes acquisitions for the periods presented.

Nine Months Ended	Number of Acquisitions	Segment	Product/Service
September 30, 2023	None
September 30, 2022	2	Specialized Products	Manufacturer of hydraulic cylinders for heavy construction equipment;
		Furniture, Flooring & Textile Products	Converter and distributor of construction fabrics for the furniture and bedding industries