Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

A&B Process Systems

Business Acquisition [Line Items]

Schedule of Provisional Fair Values Recorded for Assets Acquired and Liabilities Assumed

The following table summarizes the provisional fair values recorded for the assets acquired and liabilities assumed for A&B:

(In millions)
Assets:
Accounts receivable	$	15.7
Prepaid expenses	0.6
Costs in excess of billings on projects in progress	5.1
Inventories	1.0
Property, plant and equipment	18.1
Other assets	0.2
Intangible assets:
Customer relationships	14.6
Tradename	3.1
Technological know-how - skidded systems	3.9
Technological know-how - tanks and vessels	1.3
Backlog	1.2
Noncompete agreements	0.9
Total assets	$	65.7
Liabilities:
Accounts payable	$	6.1
Other liabilities	3.3
Billings in excess of costs on projects in process	6.6
Earnout liability	3.0
Total liabilities	19.0
Cash consideration paid and accrued	$	100.0
Contingent consideration	3.0
Total purchase price	103.0
Goodwill	$	53.3

Stork Food Dairy Systems BV

Business Acquisition [Line Items]

Schedule of Provisional Fair Values Recorded for Assets Acquired and Liabilities Assumed

The following table summarizes the provisional fair values recorded for the assets acquired and liabilities assumed for SFDS:

(In millions)
Assets:
Cash	$	1.1
Accounts receivable	10.0
Other receivables	2.5
Inventories	4.8
Costs in excess of billings on projects in progress	7.8
Property, plant and equipment	9.8
Intangible assets:
Tradename	0.2
Customer relationships	4.1
Patents	3.9
Deferred Tax Asset	1.1
Total assets	$	45.3
Liabilities:
Accounts payable	$	9.2
Billings in excess of costs on projects	7.6
Other liabilities	10.2
Deferred taxes	3.3
Total liabilities	$	30.3
Total purchase price	$	51.8
Goodwill	$	36.8