Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

Therefore, the final fair values of the assets acquired and liabilities assumed may vary from our preliminary estimates presented below:

Net assets acquired (in millions)
Total current assets	$	87.4
Property, plant and equipment	26.4
Other assets	12.0
Intangible assets	66.0
Goodwill	58.7
Total assets acquired	$	250.5
Total current liabilities	$	66.9
Other liabilities	27.4
Total assumed liabilities	$	94.3
Net assets acquired	$	156.2

Any potential adjustments made could be material in relation to the preliminary values presented below:

Net assets acquired (in millions)
Total current assets	$	21.0
Property, plant and equipment	11.7
Other assets	6.2
Intangible assets	52.5
Goodwill	108.6
Total assets acquired	$	200.0
Total current liabilities	$	8.1
Other liabilities	19.6
Total assumed liabilities	$	27.7
Net assets acquired	$	172.3

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The amounts allocated to acquired intangible assets, and their associated weighted-average useful lives which were determined based on the period in which the assets are expected to contribute directly or indirectly to our future cash flows, consist of the following:

Intangible Assets (dollars in millions)	Intangible Fair Value		Weighted Average Life
Trademarks/trade names	$	2.6	13
Customer relationships	49.0		14
Backlog	0.9		1
Total acquired intangible assets	$	52.5

The amounts allocated to acquired intangible assets, and their associated weighted-average useful lives which were determined based on the period in which the assets are expected to contribute directly or indirectly to our future cash flows, consist of the following:

Intangible Assets (dollars in millions)	Intangible Fair Value		Weighted Average Life
Trademarks/trade names	$	3.0	7
Customer relationships	54.5		18
Product technology	8.5		10
Total acquired intangible assets	$	66.0