ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Summary of Preliminary Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table contains the estimated fair values (using inputs as discussed in Note 12) of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions during the periods presented, and any additional consideration paid for prior years’ acquisitions. We are finalizing all the information required to complete the purchase price allocations related to certain recent acquisitions and do not anticipate any material modifications.

	Nine Months Ended September 30,
	2013			2012
Accounts receivable	$	12.8		$	8.8
Inventory	15.1			18.9
Property, plant and equipment	16.1			12.0
Goodwill (1)	6.1			54.3
Other intangible assets	10.3			102.4
Other current and long-term assets	.1			.6
Current liabilities	(19.3		)	(6.8		)
Long-term liabilities	(6.0		)	—
Additional consideration for prior years’ acquisitions	—			.1
Fair value of net identifiable assets	35.2			190.3
Less: Bargain purchase gain	8.7			—
Net cash consideration	$	26.5		$	190.3

(1) Goodwill associated with 2013 acquisitions is not expected to provide an income tax benefit. Goodwill associated with the 2012 acquisitions is expected to provide an income tax benefit.

Schedule of Acquisitions

The following table summarizes acquisitions for the periods presented.

Nine Months Ended	Number of Acquisitions	Segment	Product/Service
September 30, 2013	3	Industrial Materials (2); Specialized (1)	Tubing for the aerospace industry (2); Innerspring unit wire-forming machines
September 30, 2012	2	Industrial Materials	Tubing for the aerospace industry; Tube fabrication