Brunswick Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables)

Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables)

12 Months Ended

Dec. 31, 2019

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) (B) (C)}	355.5
Trade names	111.0		Indefinite
Customer relationships	430.0		15 years
Property and equipment	10.6
Other assets	5.6
Total assets acquired	1,015.3

Accounts payable ^(B)	27.3
Accrued expenses ^{(B) (C)}	22.0
Deferred tax liabilities ^(C)	56.4
Total liabilities assumed	105.7

Net cash consideration paid ^{(B) (C)}	$	909.6

(A) The goodwill recorded for the acquisition of Power Products is partially deductible for tax purposes.

(B) Includes $4.4 million and $3.0 million of purchase accounting adjustments in the first and second quarters of 2019, respectively, primarily related to contingency reserves.

(C) Includes $3.9 million of purchase accounting adjustments in the third quarter of 2019 primarily related to deferred taxes.

Business Acquisition, Pro Forma Information [Table Text Block]



(in millions)	Year Ended December 31, 2018
(in millions)	Year Ended December 31, 2018
Pro forma Net sales	$	4,271.1
Pro forma Operating earnings	362.8
Pro forma Net earnings from continuing operations	239.8