XML 70 R59.htm IDEA: XBRL DOCUMENT v3.22.1
Acquisitions (Details)
$ in Millions
3 Months Ended 12 Months Ended
Jan. 01, 2022
segment
Dec. 01, 2021
USD ($)
Apr. 07, 2021
USD ($)
Dec. 09, 2020
segment
Mar. 31, 2022
USD ($)
agreement
segment
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
agreement
Acquisitions              
Number of reportable business segments | segment 3       3    
Number of acquisitions | agreement             7
Number of acquisitions whose acquisition accounting has not yet been completed | agreement         3    
Purchase price, net of cash acquired         $ 0.0 $ 185.6 $ 2,225.4
Goodwill         $ 6,349.1   6,376.8
Number of acquisitions for which acquisition accounting has been completed | agreement         4    
MTS Systems Corporation and Other 2021 Acquisitions [Member]              
Acquisitions              
Acquisition-related expenses             70.4
Acquisition-related expenses, net of tax             $ 57.3
Divested MTS business (including T&S, excluding Sensors business) [Member]              
Acquisitions              
Contingent consideration     $ 28.7        
Proceeds from sale of business   $ 750.0          
MTS Systems Corporation              
Acquisitions              
Business acquisition, effective date     Apr. 07, 2021        
Number of reportable business segments | segment       2      
Purchase price, net of cash acquired     $ 1,300.0        
Total enterprise value of Acquiree (aggregate purchase price, net of cash acquired and including the repayment of all outstanding debt and certain liabilities)     $ 1,700.0        
Percentage acquired     100.00%        
Senior note assumed in business acquisition     $ 350.0        
Senior note assumed from business acquisition and repaid and settled shortly after closing, including accrued interest and make-whole premium     387.3        
Deferred tax liability     $ 47.0        
MTS Sensors [Member]              
Acquisitions              
Purchase price of retained business, net of cash acquired and net of proceeds received from divested business.   $ 950.0          
Goodwill         $ 737.8    
Goodwill deductible for tax purposes         0.0    
Indefinite-lived intangible assets         54.0    
Definite-lived intangible assets         178.2    
Halo Technology Ltd [Member]              
Acquisitions              
Business acquisition, effective date   Dec. 01, 2021          
Purchase price, net of cash acquired   $ 694.0          
Percentage acquired   97.00%          
Goodwill         530.7    
Goodwill deductible for tax purposes         0.0    
Indefinite-lived intangible assets         28.0    
Definite-lived intangible assets         156.0    
Customer relationships | MTS Sensors [Member]              
Acquisitions              
Definite-lived intangible assets         $ 122.9    
Useful lives         11 years    
Customer relationships | Halo Technology Ltd [Member]              
Acquisitions              
Definite-lived intangible assets         $ 31.0    
Useful lives         10 years    
Proprietary technology | MTS Sensors [Member]              
Acquisitions              
Definite-lived intangible assets         $ 39.1    
Useful lives         15 years    
Proprietary technology | Halo Technology Ltd [Member]              
Acquisitions              
Definite-lived intangible assets         $ 116.0    
Useful lives         15 years    
Backlog | MTS Sensors [Member]              
Acquisitions              
Definite-lived intangible assets         $ 16.2    
Useful lives         3 months    
Backlog | Halo Technology Ltd [Member]              
Acquisitions              
Definite-lived intangible assets         $ 9.0    
Useful lives         1 month    
Harsh Environment Solutions              
Acquisitions              
Number of acquisitions | agreement             1
Goodwill         $ 1,657.2   $ 1,663.7
Interconnect and Sensor Systems              
Acquisitions              
Number of acquisitions | agreement             3
Goodwill         1,747.5   $ 1,763.0
Communications Solutions              
Acquisitions              
Number of acquisitions | agreement             3
Goodwill         $ 2,944.4   $ 2,950.1
Halo Technology Limited [Member] | Maximum              
Acquisitions              
Noncontrolling interest, ownership percentage by noncontrolling owners   3.00%