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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Fair Values Of Assets Acquired

The final fair values of the net assets acquired in 2012 for Avid Health, including the 2013 adjustments to fair value, and the fair values of the assets acquired in 2011 are below. The 2013 measurement period adjustments were not retrospectively adjusted as of December 31, 2012 as the amounts were not material.

 

     2012  

Avid Health

   Acquisition Date
Preliminary
Fair Value
    Measurement
Period
Adjustments
    Acquisition
Date Final
Fair Value
 

Inventory

   $ 38.5      $ 0.3      $ 38.8   

Accounts receivables, net

     29.6        (0.3     29.3   

Other current assets

     1.9        0.0        1.9   

Property, plant and equipment

     33.4        (1.8     31.6   

Long-term assets

     0.0        1.4        1.4   

Tradenames and other intangibles

     376.9        (14.7     362.2   
  

 

 

   

 

 

   

 

 

 

Goodwill

     345.4        8.4        353.8   

Total Assets

   $ 825.7      $ (6.7   $ 819.0   

Other current liabilities

     (19.3     (0.2     (19.5

Deferred income taxes

     (154.1     7.4        (146.7
  

 

 

   

 

 

   

 

 

 

Purchase Price

   $ 652.3      $ 0.5      $ 652.8   
  

 

 

   

 

 

   

 

 

 

 

     2011  
      Batiste      Oral Care
Technology
License
     Total  

Inventory

   $ 1.0       $ 0.0       $ 1.0   

Tradenames and other intangibles

     53.1         4.3         57.4   

Goodwill

     10.7         0.0         10.7   
  

 

 

    

 

 

    

 

 

 

Total Assets

     64.8         4.3         69.1   

Liabilities

     0.0         0.0         0.0   
  

 

 

    

 

 

    

 

 

 

Purchase Price

   $ 64.8       $ 4.3       $ 69.1   
  

 

 

    

 

 

    

 

 

 
Unaudited Proforma Results Reflecting Avid Health Acquisition

Pro forma results reflecting acquisitions in 2011 are not presented because they are not material.

 

     Twelve Months Ended      Twelve Months Ended  

Unaudited consolidated pro forma results

   December 31, 2012      December 31, 2011  
     Reported      Pro forma      Reported      Pro forma  

Net Sales

   $ 2,921.9       $ 3,106.0       $ 2,749.3       $ 2,947.8   

Net Income

   $ 349.8       $ 374.9       $ 309.6       $ 318.2   

Net Income per share—Basic

   $ 2.50       $ 2.68       $ 2.16       $ 2.22   

Net Income per share—Diluted

   $ 2.45       $ 2.63       $ 2.12       $ 2.18