Business Combinations (Tables)

3 Months Ended

Mar. 31, 2018

Allocation of Total Purchase Prices Paid in Connection with Business Combinations

The following table presents the preliminary fair value allocation of assets acquired and liabilities assumed in the acquisition at March 29, 2018. Due to the recent nature of this transaction, the allocation is provisional and subject to ongoing efforts to clarify the values assigned to tangible and identifiable intangible assets. We expect these open matters to be resolved by the end of the second quarter of 2018.

Cash paid for remaining 50% equity interest in Delaware Processing	$	153.6
Fair value of our 50% equity interest in Delaware Processing held before the acquisition		146.4
Total		300.0
Recognized amounts of identifiable assets acquired and liabilities assumed:
Assets acquired in business combination:
Current assets, including cash of $3.8 million	$	12.7
Property, plant and equipment		200.0
Contract-based intangible assets		78.8
Customer relationship intangible assets		10.4
Total assets acquired	$	301.9
Liabilities assumed in business combination:
Current liabilities	$	(1.3	)
Long-term liabilities		(0.6	)
Total liabilities assumed	$	(1.9	)
Total identifiable net assets	$	300.0
Goodwill	$	--