Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed as of October 4, 2018, showing both the preliminary and final purchase price allocations:

(IN THOUSANDS)	As reported in the fourth quarter of 2018			Measurement period adjustments			As reported in the third quarter of 2019
Cash and cash equivalents	$	140,747					$	140,747
Other current assets	699,627			$	(25,706	)	673,921
Identifiable intangible assets	2,690,000			(21,700		)	2,668,300
Other non-current assets	353,710			58,401			412,111
Equity method investments	25,791			10,439			36,230
Current liabilities	(311,325		)	(7,190		)	(318,515		)
Debt assumed	(77,037		)				(77,037		)
Other liabilities	(632,488		)	(39,730		)	(672,218		)
Redeemable noncontrolling interest	(97,510		)	(5,392		)	(102,902		)
Noncontrolling interest	(3,700		)				(3,700		)
Goodwill	4,243,079			30,878			4,273,957
Total Purchase Consideration	$	7,030,894					$	7,030,894

Schedule of intangible assets acquired

The components of acquired intangible assets with finite lives that have been recorded are as follows:

(IN THOUSANDS)	Estimated Amounts		Estimated Useful Life
Product formula	$	290,000	10 years
Customer relationships	2,230,000		18 to 20 years
Trade names	140,000		23 years
Favorable/Unfavorable Leases, net	8,300		5 to 15 years
Total	$	2,668,300

Unaudited pro forma information

The unaudited pro forma results were as follows:

(IN THOUSANDS)	Three Months Ended September 30, 2018		Nine Months Ended September 30, 2018
Unaudited pro forma net sales	$	1,269,452	$	3,906,506
Unaudited pro forma net income attributable to the Company	51,602		266,491