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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The purchase price allocations at fair value, net of cash acquired, for 2021 and 2020 acquisitions as of December 31, 2021 and 2020 are presented below:
20212020
Assets:
Accounts receivable$0.2 $2.7 
Inventories1.1 16.9 
Other current assets 0.1 
Property, plant and equipment0.6 10.9 
Operating lease assets0.2 — 
Goodwill5.4 — 
Other intangible assets2.2 — 
Total assets acquired$9.7 $30.6 
Liabilities:
Accounts payable, trade$0.3 $0.8 
Other current liabilities 0.5 
Accrued postretirement liability1.5 — 
Long-term operating lease liabilities0.2 — 
Total liabilities assumed$2.0 $1.3 
Net assets acquired$7.7 $29.3 
Cash flow reconciling items:
Working capital adjustment related to 2019 acquisitions paid in 2020 6.7 
Working capital adjustment related to 2020 acquisition received in 2021(0.2)— 
Bargain purchase price gain (12.0)
Cash paid for acquisitions, net of cash acquired$7.5 $24.0 
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets The following table summarizes the purchase price allocation at fair value for identifiable intangible assets acquired in 2021:
2021
Weighted-
Average Life
Technology and know-how$1.5 19 years
Customer Relationships0.5 2 years
Non-Competes0.2 5 years
Total intangible assets$2.2