BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2016

The following table summarizes the consideration transferred:



(in millions, except per share amount)*

Sirona common shares outstanding at February 29, 2016	56.1
Exchange ratio	1.8142
DENTSPLY common stock issued for consideration	101.8
DENTSPLY common stock per share price at February 26, 2016	$	60.67
Fair value of DENTSPLY common stock issued to Sirona shareholders			$	6,173.8
Fair value of vested portion of Sirona share-based awards outstanding - 1.5 million
at February 29, 2016			82.4
Total acquisition consideration			$	6,256.2

*Table may not foot due to rounding

The following table summarizes the preliminary fair value of identifiable assets acquired and liabilities assumed at the date of the merger:



(in millions)

Cash and cash equivalents	$	522.3
Trade receivables	143.0
Inventory	220.7
Prepaid expenses and other current assets	109.4
Property, plant and equipment	237.1
Identifiable intangible assets	2,435.0
Goodwill	3,754.6
Other long-term assets	10.9
Total assets	7,433.0
Accounts payable	68.0
Other current liabilities	191.0
Debt	57.5
Deferred income taxes	766.9
Other long-term liabilities	93.4
Total liabilities	1,176.8
Total identifiable net assets	$	6,256.2

Summary of Intangible Assets Acquired

Intangible assets acquired consist of the following:



(in millions, except for useful life)			Weighted Average
			Useful Life
	Amount		(in years)

Customer relationships	$	495.0	14
Developed technology and patents	1,035.0		12
Trade names and trademarks	905.0		Indefinite
Total	$	2,435.0

Summary of Pro Forma Information

The following unaudited pro forma financial information reflects the consolidated results of operations of the Company had the merger occurred on January 1, 2015. Sirona’s financial information has been compiled in a manner consistent with the accounting policies adopted by DENTSPLY. The unaudited pro forma financial information has been prepared for comparative purposes and does not purport to be indicative of what would have occurred had the merger occurred on January 1, 2015, nor are they indicative of any future results.



	Pro forma - unaudited
	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions, except per share amount)	2016		2015		2016		2015

Net sales	$	1,022.0	$	1,001.8	$	1,962.2	$	1,905.0
Net income attributable to Dentsply Sirona	$	141.2	$	81.5	$	234.9	$	175.9
Diluted earnings per common share	$	0.59	$	0.33	$	0.99	$	0.72