Acquisition

9 Months Ended

Sep. 30, 2014

Business Combinations [Abstract]

Acquisition

9. Acquisition

On September 19, 2014, the Company acquired certain feminine care brands, including REPHRESH and REPLENS, from Lil’ Drug Store Products, Inc., (“Lil’ Drug Store Brands Acquisition”) for cash consideration of $216.1. The Company paid for the acquisition with additional debt. The annual sales of the acquired brands are approximately $46.0. These feminine care brands will be managed within the Consumer Domestic and Consumer International segments.

The preliminary fair values of the net assets acquired are set forth as follows:

	Lil’ Drug Store
Inventory and other working capital	$	3.6
Property, plant and equipment		0.7
Tradenames and other intangibles		109.0
Goodwill		102.8
Purchase Price	$	216.1

The life of the amortizable intangible assets recognized from the Lil’ Drug Store Brands Acquisition ranges from 5 - 20 years. Pro forma results are not presented because the impact is not material to the Company’s consolidated financial results.