Quarterly report pursuant to Section 13 or 15(d)

Acquisitions Schedule of Assets Acquired, Liabilities Assumed and Cash Consideration Paid (Tables)

v3.10.0.1
Acquisitions Schedule of Assets Acquired, Liabilities Assumed and Cash Consideration Paid (Tables)
9 Months Ended
Sep. 29, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table is a summary of the assets acquired, liabilities assumed and net cash consideration paid for the Power Products acquisition during 2018:
(in millions)
Fair Value
 
Useful Life
Accounts and notes receivable
$
38.3

 
 
Inventory
64.3

 
 
Goodwill (A)
344.2

 
 
Trade names
111.0

 
Indefinite
Customer relationships
430.0

 
15 years
Property and equipment
11.0

 
 
Other assets
5.6

 
 
Total assets acquired
1,004.4

 
 
 
 
 
 
Accounts payable
23.5

 
 
Accrued expenses
16.2

 
 
Deferred tax liabilities
54.7

 
 
Total liabilities assumed
94.4

 
 
 
 
 
 
Net cash consideration paid
$
910.0

 
 
(A) The goodwill recorded for the acquisition of Power Products is not deductible for tax purposes.
Business Acquisition, Pro Forma Information [Table Text Block]
 
Three Months Ended
 
Nine Months Ended
(in millions)
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Pro forma Net sales
$
1,323.4

 
$
1,191.1

 
$
4,060.5

 
$
3,814.5

Pro forma Net earnings
90.3

 
74.9

 
245.2

 
231.4