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Acquisitions and Dispositions (Tables)
12 Months Ended
Dec. 31, 2011
Acquisitions and Dispositions Disclosure  
Schedule of Purchase Price Allocation [Table Text Block]

       The components of the purchase price and net assets acquired for 2011 acquisitions are as follows:

(In millions) Phadia Dionex Other Total
             
Purchase Price            
 Cash paid $ 3,655.2 $ 2,140.8 $ 106.2 $ 5,902.2
 Debt assumed   0.3   3.2     3.5
 Purchase price payable       0.4   0.4
 Fair value of contingent consideration       1.4   1.4
 Cash acquired   (117.2)   (114.9)   (1.1)   (233.2)
               
   $ 3,538.3 $ 2,029.1 $ 106.9 $ 5,674.3
             
Net Assets Acquired            
 Current assets $ 323.5 $ 227.8 $ 34.6 $ 585.9
 Property, plant and equipment   150.2   84.4   33.8   268.4
 Intangible assets:            
  Customer relationships   956.8   495.3   17.6   1,469.7
  Product technology   696.3   350.2   20.0   1,066.5
  In-process research and development     18.3     18.3
  Tradenames and other   132.6   35.7   3.6   171.9
 Goodwill   1,817.3   1,316.9   29.9   3,164.1
 Other assets   67.9   4.1   1.1   73.1
 Liabilities assumed   (606.3)   (503.6)   (33.7)   (1,143.6)
               
   $ 3,538.3 $ 2,029.1 $ 106.9 $ 5,674.3

       The components of the purchase price and net assets acquired for 2010 acquisitions, as revised in 2011 for finalization of the valuation process are as follows:

 

(In millions) Ahura Scientific Finnzymes Fermentas Other Total
                
Purchase Price               
 Cash paid $ 164.0 $ 59.0 $ 278.7 $ 150.6 $ 652.3
 Debt assumed   0.6     3.6   1.1   5.3
 Fair value of contingent consideration   19.6       3.9   23.5
 Cash acquired   (17.8)   (0.7)   (21.9)   (5.4)   (45.8)
                  
   $ 166.4 $ 58.3 $ 260.4 $ 150.2 $ 635.3
                
Net Assets Acquired               
 Current assets $ 22.3 $ 6.1 $ 23.3 $ 29.4 $ 81.1
 Property, plant and equipment   3.3   3.4   9.6   4.1   20.4
 Intangible assets:               
  Customer relationships   46.1   16.1   67.9   40.6   170.7
  Product technology   30.4   18.6   73.5   24.8   147.3
  In-process research and development        4.4   4.4
  Tradenames and other   0.4   0.1   5.3   4.4   10.2
 Goodwill   109.9   24.8   117.2   62.5   314.4
 Other assets   0.1   2.0   3.0   9.0   14.1
 Liabilities assumed   (46.1)   (12.8)   (39.4)   (29.0)   (127.3)
                  
   $ 166.4 $ 58.3 $ 260.4 $ 150.2 $ 635.3

       The components of the purchase price and net assets acquired for 2009 acquisitions, as revised in 2010 for finalization of the valuation process are as follows:

 

(In millions) Biolab B.R.A.H.M.S. Other Total
             
Purchase Price            
 Cash paid $ 132.9 $ 454.1 $ 35.9 $ 622.9
 Debt assumed     32.3   0.9   33.2
 Fair value of contingent consideration       0.6   0.6
 Cash acquired   (1.3)   (4.8)   (0.2)   (6.3)
 Other       0.9   0.9
               
   $ 131.6 $ 481.6 $ 38.1 $ 651.3
             
Net Assets Acquired            
 Current assets $ 38.2 $ 47.4 $ 6.5 $ 92.1
 Property, plant and equipment   3.3   32.9   0.8   37.0
 Intangible assets:            
  Customer relationships   51.4   203.8   6.7   261.9
  Product technology   0.9   135.2   6.9   143.0
  Tradenames and other   1.3   9.4   0.2   10.9
 Goodwill   62.3   183.4   24.0   269.7
 Other assets     3.5     3.5
 Liabilities assumed   (25.8)   (134.0)   (7.0)   (166.8)
               
   $ 131.6 $ 481.6 $ 38.1 $ 651.3
Business Acquisition, Pro Forma Information [Table Text Block]

       Had the acquisitions of Phadia and Dionex been completed as of the beginning of 2010, the company's pro forma results for 2011 and 2010 would have been as follows:

 

(In millions except per share amounts) 2011 2010
       
Revenues $ 12,278.2 $ 11,479.3
         
Income from Continuing Operations $ 1,130.3 $ 816.1
         
Net Income $ 1,440.5 $ 854.7
         
Earnings per Share from Continuing Operations:      
 Basic $ 2.97 $ 2.02
 Diluted $ 2.94 $ 1.99
         
Earnings per Share:      
 Basic $ 3.78 $ 2.12
 Diluted $ 3.74 $ 2.09

       Pro forma results include the following non-recurring pro forma adjustments that were directly attributable to the business combinations:

  •        Pre-tax reduction in revenue of $13.1 million in 2010 and $1.1 million in 2011, due to the impact of revaluing Dionex deferred revenue obligations to fair value.
  •        Pre-tax charge to cost of revenues of $89.6 million in 2010, for the sale of Phadia and Dionex inventories revalued at the date of acquisition.
  •        Pre-tax charge of $21.2 million in 2010, relating to monetizing equity awards held by Dionex employees at the date of acquisition.
  •        Pre-tax charge of $80.7 million in 2010, for acquisition-related transaction costs incurred by both the company and the acquirees.

 

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Operating results and balance sheet data of the discontinued operations were as follows:

            
(In millions) 2011 2010 2009
          
Revenues $ 54.3 $ 226.2 $ 205.3
Pre-tax Income   9.1   58.9   46.6
           
     December 31,
          2010
          
Other Current Assets       $ 64.8
Other Assets         451.0
Other Accrued Expenses         17.6
Other Long-term Liabilities         58.4