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ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Estimated Fair Values Of The Assets Acquired And Liabilities Assumed
The following table contains the estimated fair values (using inputs as discussed in Note 13) 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.
 
Six Months Ended June 30,
 
2016
 
2015
Accounts receivable
$
1.1

 
$
3.7

Inventory
4.0

 
4.8

Property, plant and equipment
2.5

 
2.3

Goodwill (1)
3.8

 
8.3

Other intangible assets. primarily customer-related intangibles
7.5

 
14.7

Other current and long-term assets

 
.1

Current liabilities
(2.0
)
 
(11.2
)
Long-term liabilities
(.4
)
 
(10.4
)
Additional consideration received for prior years’ acquisitions
.4

 
(1.2
)
Fair value of net identifiable assets
16.9

 
11.1

Net cash consideration
$
16.9

 
$
11.1


(1) The majority of the goodwill associated with the 2016 and 2015 acquisitions is expected to provide an income tax benefit.

The following table summarizes acquisitions for the periods presented.
Six Months Ended
 
Number of Acquisitions
 
Segment
 
Product/Service
June 30, 2016
 
1
 
Specialized Products
 
Fabricated tubing and pipe assemblies
June 30, 2015
 
1
 
Commercial Products
 
Upholstered office furniture