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Acquisitions
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
2023 Acquisitions

During the first quarter of 2023, the Company completed the acquisitions of two ceramic tile businesses in Brazil and Mexico within Global Ceramic for $515.5 million. The Company’s acquisitions resulted in a goodwill allocation of $87.5 million. None of the goodwill will be deductible for tax purposes. The factors contributing to the recognition of the amount of goodwill are based on several strategic and synergistic benefits that are expected to be realized from the acquisitions. These benefits include opportunities to improve the Company’s ceramic performance by leveraging best practices, operational expertise, product innovation and manufacturing assets across the segment. The following table presents the allocation of the purchase price by major class of assets acquired and liabilities assumed as of the acquisition date.


(In millions)
Amounts Recognized
 as of the Acquisition Date
Working capital$95.3 
Property, plant and equipment333.5 
Tradenames38.5 
Customer relationships4.0 
Goodwill87.5 
Long-term debt, including current portion(26.0)
Deferred tax, net(10.0)
Consideration transferred522.8 
Less: cash acquired(7.3)
Net consideration transferred (net of cash acquired)$515.5 

The supplemental pro forma information is immaterial to the Company's financial statements.

2022 Acquisitions

During 2022, the Company completed two acquisitions in Flooring NA for $164.5 million. The Company’s acquisitions resulted in a goodwill allocation of $56.0 million and intangible assets subject to amortization of $19.9 million. Substantially all of the goodwill is deductible for tax purposes. During the third and fourth quarters of 2022, the Company also completed three acquisitions in Flooring ROW for $48.0 million, which resulted in a goodwill allocation of $14.8 million and intangible assets subject to amortization of $3.4 million. An immaterial amount of goodwill is deductible for tax purposes.