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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2012
Business Combinations [Abstract]  
Fair values of the assets acquired and liabilities assumed
 
Initial
Purchase  Price
Allocation
 
Adjustments
 
Adjusted
Purchase  Price
Allocation
Assets:
 
 
 
 
 
Accounts receivable, net
$
25.6

 
$

 
$
25.6

Inventories, net
23.6

 

 
23.6

Deferred charges and prepaid expenses
0.9

 

 
0.9

Other current assets
0.1

 
0.5

 
0.6

Property, plant and equipment – net
32.1

 

 
32.1

Goodwill
83.3

 
25.7

 
109.0

Other intangible assets
146.9

 
(25.9
)
 
121.0

Other non-current assets
0.6

 
(0.1
)
 
0.5

Total assets acquired
$
313.1

 
$
0.2

 
$
313.3

Liabilities:
 
 
 
 
 
Accounts payable, trade
$
10.7

 
$

 
$
10.7

Salaries, wages and benefits
5.1

 

 
5.1

Other current liabilities
5.2

 

 
5.2

Total liabilities assumed
$
21.0

 
$

 
$
21.0

Net assets acquired
$
292.1

 
$
0.2

 
$
292.3

Business Acquisition Purchase price allocation identifiable intangible assets
 
Initial Purchase
Price Allocation
 
Adjusted Purchase
Price Allocation
 
 
 
Weighted -
Average Life
 
 
 
Weighted -
Average Life
Trade name (not subject to amortization)
$
4.1

 
Indefinite

 
$
15.3

 
Indefinite

Developed Technology
5.4

 
7
 years
 
8.0

 
15
 years
Trade name
12.0

 
15
 years
 
0.3

 
2
 years
Know-how
15.0

 
20
 years
 
20.6

 
20
 years
All customer relationships
108.4

 
17
 years
 
75.7

 
10
 years
Non-compete agreements
2.0

 
5
 years
 
1.1

 
3
 years
Total intangible assets allocated
$
146.9

 
 
 
$
121.0