Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2014

Acquisitions and Dispositions Disclosure

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

		The components of the purchase price and net assets acquired for 2014 acquisitions are as follows:
(In millions)			Life Technologies		Other		Total
Purchase Price
	Cash paid		$	13,487.3	$	47.3	$	13,534.6
	Debt assumed			2,279.5		—		2,279.5
	Cash acquired			(463.0)		(11.5)		(474.5)
			$	15,303.8	$	35.8	$	15,339.6
Net Assets Acquired
	Current assets		$	1,755.5	$	18.5	$	1,774.0
	Property, plant and equipment			748.1		1.1		749.2
	Definite-lived intangible assets:
		Customer relationships		5,883.0		7.0		5,890.0
		Product technology		2,626.9		5.5		2,632.4
		Tradenames and other		619.1		—		619.1
	Indefinite-lived intangible assets:
		In-process research and development		58.4		—		58.4
	Goodwill			7,167.0		12.5		7,179.5
	Other assets			246.7		0.1		246.8
	Liabilities assumed			(3,800.9)		(8.9)		(3,809.8)
			$	15,303.8	$	35.8	$	15,339.6

The components of the purchase price and net assets acquired for 2012 acquisitions, as revised in 2013 for finalization of the valuation process are as follows:

(In millions)			One Lambda		Doe & Ingalls		Other		Total
Purchase Price
	Cash paid		$	886.3	$	174.9	$	25.4	$	1,086.6
	Fair value of contingent consideration			13.1		1.5		5.3		19.9
	Cash acquired			(1.3)		—		—		(1.3)
			$	898.1	$	176.4	$	30.7	$	1,105.2
Net Assets Acquired
	Current assets		$	110.2	$	21.9	$	2.1	$	134.2
	Property, plant and equipment			30.2		11.6		0.1		41.9
	Intangible assets:
		Customer relationships		330.7		68.1		3.2		402.0
		Product technology		172.5		1.1		13.9		187.5
		Tradenames and other		17.2		16.8		—		34.0
	Goodwill			274.0		81.1		15.5		370.6
	Other assets			—		0.5		—		0.5
	Liabilities assumed			(36.7)		(24.7)		(4.1)		(65.5)
			$	898.1	$	176.4	$	30.7	$	1,105.2

Business Acquisition, Pro Forma Information [Table Text Block]

Had the acquisition of Life Technologiesbeen completed as of the beginning of 2013, the company’s pro forma results for2014 and 2013 would have been as follows:

(In millions except per share amounts)		2014		2013
Revenues		$	17,169.2	$	16,831.4
Income from Continuing Operations		$	2,203.2	$	1,008.4
Net Income		$	2,202.1	$	1,002.6
Earnings per Share from Continuing Operations:
	Basic	$	5.52	$	2.55
	Diluted	$	5.46	$	2.53
Earnings per Share:
	Basic	$	5.51	$	2.54
	Diluted	$	5.46	$	2.51

Pro forma results include non-recurring pro forma adjustments that were directly attributable to the business combination to reflect amounts as if the acquisition had been completed as of the beginning of 2013, as follows:

• Pre-tax charge to selling, general and administrative expenses of $231.4million in2013, for acquisition-related transaction costs incurred by the company and Life Technologies;
• Pre-tax charge to cost of revenues of $301.4million in2013, for the sale of Life Technologies inventories revalued at the date of acquisition;
• Pre-tax charge of $91.7million in2013, for monetizing equity awards held by Life Technologies’ employees at the date of acquisition;
• Pre-tax charge of $37.6million in2013, to conform the accounting policies of Life Technologies with the company's accounting policies; and
• Pre-tax reduction of revenues of $8.1million and $23.9million in2014 and 2013, respectively, for revaluing Life Technologies’ deferred revenue obligations to fair value.

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

The assets and liabilities of the Cole-Parmer business were as follows at June 28, 2014:

	June 28,
(In millions)		2014
Current Assets		$	39.5
Long-term Assets			400.3
Current Liabilities			15.5
Long-term Liabilities			84.1

The assets and liabilities of the businesses sold in March 2014 were as follows at December 31, 2013:

	December 31,
(In millions)		2013
Current Assets		$	74.3
Long-term Assets			229.3
Current Liabilities			6.4
Long-term Liabilities			22.0