BUSINESS ACQUISITIONS Business Acquisitions Tables (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

Total assets and total liabilities held for sale for the Covance Food Solutions business as of June 30, 2018, and December 31, 2017, include the following:



	June 30, 2018		December 31, 2017
Assets:
Cash and cash equivalents	$	—	$	0.1
Accounts receivable	20.9		24.4
Unbilled services	9.5		7.6
Supplies inventories	0.4		0.4
Prepaid expenses and other	1.1		1.2
Property, plant and equipment, net	39.1		42.3
Goodwill, net	170.5		170.5
Intangible assets, net	169.7		174.7
Other assets, net	0.2		0.3
Total assets held for sale	$	411.4	$	421.5

Liabilities:
Accounts Payable	$	1.1	$	2.4
Accrued expenses and other	13.0		15.2
Unearned revenue	2.0		2.6
Deferred income taxes and other tax liabilities	64.1		64.1
Other liabilities	2.2		2.2
Total liabilities held for sale	$	82.4	$	86.5

Net assets held for sale	$	329.0	$	335.0

Business Acquisition, Pro Forma Information [Table Text Block]

The Company completed the Chiltern acquisition on September 1, 2017. Had the Chiltern acquisition been completed as of January 1, 2016, the Company's pro forma results would have been as follows:



	Three Months Ended June 30, 2017		Six Months Ended June 30, 2017
Net revenues	$	2,728.1	$	5,339.4
Operating income	321.5		662.2
Net income	172.5		363.2
Earnings per share:
Basic	$	1.68	$	3.54
Diluted	$	1.66	$	3.49

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

The valuation of acquired assets and assumed liabilities as of September 1, 2017, include the following:



Consideration Transferred
Cash consideration						$	1,224.5

	Preliminary		Measurement Period Adjustments			As of June 30, 2018
Net Assets Acquired
Cash and cash equivalents	$	30.7	$	—		$	30.7
Accounts receivable	116.9		(13.3		)	103.6
Unbilled services	32.6		—			32.6
Prepaid expenses and other	57.9		—			57.9
Property, plant and equipment	12.1		—			12.1
Goodwill	676.6		85.9			762.5
Customer relationships	629.0		(27.0		)	602.0
Trade names and trademarks	24.1		(13.5		)	10.6
Technology	47.0		(21.0		)	26.0
Total assets acquired	1,626.9		12.0			1,638.9
Accounts payable	18.1		27.0			45.1
Accrued expenses and other	51.0		(27.6		)	23.4
Unearned revenue	124.2		—			124.2
Deferred income taxes	208.0		12.6			220.6
Other liabilities	1.1		—			1.1
Total liabilities acquired	402.4		12.0			414.4
Net assets acquired	$	1,224.5	$	—		$	1,224.5