Business Acquisition (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Acquisition Preliminary Fair Value of Consideration Transferred

The following table summarizes the fair value of the consideration transferred at the date of the acquisition, as well as the calculation of goodwill based on the excess of consideration over the fair value of net assets acquired:

(Millions of dollars)
Cash paid to shareholders	$	641.9
Less cash and cash equivalents acquired	0.8
Fair value of consideration transferred, net of cash acquired	$	641.1
Assets acquired:
Accounts receivable	$	8.0
Inventories	24.3
Prepaid expenses and other current assets	5.5
Property and equipment	447.1
Right of use assets	237.6
Other assets	5.4
Identified intangible assets	106.8
Liabilities assumed:
Accounts payable and accrued expenses	(68.4)
Deferred income tax liabilities	(58.5)
Asset retirement obligation	(1.2)
Current and long term debt, including finance lease obligations	(148.5)
Deferred credits and other liabilities	(7.4)
Operating lease liabilities	(237.6)
Net assets acquired	313.1
Goodwill	328.0
Fair value of consideration transferred, net of cash and cash equivalents acquired	$	641.1