Acquisitions (Tables)

9 Months Ended

Sep. 26, 2020

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 as if the acquisition of Dr. Fresh had occurred on January 1, 2019 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 26, 2020			September 28, 2019		September 26, 2020		September 28, 2019
Net sales	$	1,213.7		$	1,217.1	$	3,803.4	$	3,732.6
Net income (loss)	$	(154.5	)	$	108.1	$	18.6	$	180.7

Oral Care Assets of High Ridge Brands (Dr. Fresh)

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

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



	Oral Care Assets of High Ridge Brands (Dr. Fresh)
Purchase price paid	$	106.0

Assets acquired:
Accounts receivable	13.1
Inventories	23.4
Prepaid expenses and other current assets	0.4
Property, plant and equipment, net	0.7
Operating lease assets	2.6
Goodwill	15.9
Distribution and license agreements and supply agreements	$	2.2
Developed product technology, formulations, and product rights	0.1
Customer relationships and distribution networks	20.6
Trademarks, trade names, and brands	43.2
Total intangible assets	$	66.1
Total assets	$	122.2
Liabilities assumed:
Accounts payable	$	6.0
Other accrued liabilities	4.0
Payroll and related taxes	0.7
Accrued customer programs	3.0
Other non-current liabilities	2.5
Total liabilities	$	16.2
Net assets acquired	$	106.0

Ranir Global Holdings, LLC

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

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



	Ranir
Purchase price paid	$	759.2

Assets acquired:
Cash and cash equivalents	$	11.5
Accounts receivable	40.6
Inventories	59.0
Prepaid expenses and other current assets	4.0
Property, plant and equipment, net	40.8
Operating lease assets	3.7
Goodwill	292.7
Definite-lived intangibles:
Developed product technology, formulations, and product rights	$	48.6
Customer relationships and distribution networks	260.0
Trademarks, trade names, and brands	41.0
Indefinite-lived intangibles:
In-process research and development	39.7
Total intangible assets	$	389.3
Other non-current assets	2.8
Total assets	$	844.4
Liabilities assumed:
Accounts payable	$	17.6
Other accrued liabilities	7.7
Payroll and related taxes	5.5
Accrued customer programs	5.7
Deferred income taxes	45.9
Other non-current liabilities	2.8
Total liabilities	$	85.2
Net assets acquired	$	759.2