Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 28, 2019

Business Combinations [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid for Ranir and the provisional amounts of the assets acquired and liabilities assumed (in millions):

	September 28, 2019
Cash consideration - net of cash acquired	$	749.5
Estimated fair value of assets acquired and liabilities assumed:
Property, plant and equipment, net	$	41.3
Goodwill	327.4
Definite-lived intangibles	326.4
In-process research and development	16.3
Other assets	2.8
Net working capital	67.9
Deferred income taxes	(32.6		)

Business Acquisition, Pro Forma Information

The following table presents unaudited pro forma information as if the Ranir acquisition had occurred on January 1, 2018 and had been combined with the results reported in our Condensed Consolidated Statements of Operations for all periods presented (in millions):

	Three Months Ended					Nine Months Ended
(Unaudited)	September 28, 2019		September 29, 2018			September 28, 2019		September 29, 2018
Net sales	$	1,191.1	$	1,200.2		$	3,652.7	$	3,749.1
Net income (loss)	$	105.3	$	(67.6	)	$	177.6	$	12.4