GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2017

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill

	Global		Global		Global
(millions)	Industrial		Institutional		Energy		Other		Total
December 31, 2016		$ 2,522.3		$ 653.4		$ 3,093.6		$ 113.7		$ 6,383.0
Reclassifications (a)		62.7		(62.7)		-		-		-
December 31, 2016 revised		$ 2,585.0		$ 590.7		$ 3,093.6		$ 113.7		$ 6,383.0
Current year business combinations (b)		4.1		518.1		-		-		522.2
Prior year business combinations (c)		-		-		0.3		-		0.3
Effect of foreign currency translation		36.9		15.8		44.0		1.6		98.3
June 30, 2017		$ 2,626.0		$ 1,124.6		$ 3,137.9		$ 115.3		$ 7,003.8

(a) Relates to establishment of the Life Sciences reporting unit, and goodwill being allocated to Life Sciences based on fair value allocation of goodwill. The Life Sciences reporting unit is included in the Industrial reportable segment and is comprised of operations previously recorded in the Food & Beverage and Healthcare reporting units, which are aggregated and reported in the Global Industrial and Global Institutional reportable segments, respectively. See Note 14 for further information.

(b) Represents goodwill associated with current year acquisitions. Of the goodwill acquired, the Company expects $4.1 million of the goodwill related to businesses acquired to be tax deductible.

(c) Represents purchase price allocation adjustments for 2016 acquisitions deemed preliminary as of December 31, 2016.