Acquisitions Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Mineral Resources Limited Wodgina Project

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the consideration paid for the joint venture and the amounts of the assets acquired and liabilities assumed as of the acquisition date, which have been allocated on a preliminary basis (in thousands):



Total purchase price:
Cash paid	$	820,000
Fair value of 40% interest in Kemerton assets	480,000
Purchase agreement completion adjustment and other adjustments	23,566
Total purchase price	$	1,323,566

Net assets acquired:
Inventories	$	33,900
Other current assets	10,695
Property, plant and equipment:
Buildings and improvements	22,200
Machinery and equipment	163,806
Mineral rights and reserves	1,046,300
Construction in progress	103,700
Other assets	1,000
Current liabilities	(10,695		)
Long-term debt^(a)	(55,806		)
Other noncurrent liabilities	(23,296		)
Total identifiable net assets	1,291,804
Goodwill	31,762
Total net assets acquired	$	1,323,566