ACQUISITIONS AND INVESTMENTS (Tables)

3 Months Ended

Mar. 28, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated acquisition date value of identifiable net assets acquired and liabilities assumed:

(Millions of Dollars)
Cash and cash equivalents	$	35.5
Accounts receivable, net	48.6
Inventories, net	127.5
Prepaid expenses and other assets	3.5
Property, plant and equipment	124.7
Trade names	25.0
Customer relationships	570.0
Accounts payable	(26.3		)
Accrued expenses	(19.8		)
Deferred taxes	(20.9		)
Other liabilities	(0.6		)
Total identifiable net assets	$	867.2
Goodwill	626.0
Contingent consideration	(155.3		)
Total consideration paid	$	1,337.9