ACQUISITIONS

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

ACQUISITIONS

ACQUISITIONS

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. Of the goodwill included in the table below, $127.3 is expected to be deductible for tax purposes.

	Nine Months Ended September 30,
	2019
Accounts receivable	$	71.1
Inventory	60.7
Property, plant and equipment	80.7
Goodwill	559.4
Other intangible assets:
Customer relationships (15-year life)	372.3
Technology (15-year life)	173.3
Trademarks and trade names (15-year life)	65.8
Non-compete agreements and other (5-year life)	28.1
Other current and long-term assets	27.3
Current liabilities	(44.3)
Deferred income taxes	(128.5)
Other long-term liabilities	(21.6)
Net cash consideration	$	1,244.3

The following table summarizes acquisitions for the periods presented.

Nine Months Ended	Number of Acquisitions	Segment	Product/Service
September 30, 2020	None
September 30, 2019	1	Bedding Products	A leader in proprietary specialized foam technology, primarily for the bedding and furniture industries

Certain of our prior years' acquisition agreements provide for additional consideration to be paid in cash at a later date and are recorded as liabilities at the acquisition date. At September 30, 2020 and December 31, 2019, our current liability for these future payments was $0.0 and $9.2, respectively.  Additional consideration, including interest, paid on prior year acquisitions was $8.4 and $1.1 for the nine months ended September 30, 2020 and 2019, respectively.

2020

No businesses were acquired during the first nine months of 2020.

2019

We acquired one business during the first nine months of 2019:

•ECS, a leader in proprietary specialized foam technology, primarily for the bedding and furniture industries. Through this acquisition, we gained critical capabilities in proprietary foam technology, along with scale in the production of private-label finished mattresses. The acquisition date was January 16. The purchase price was $1,244.3 and, upon finalization of the purchase price allocation, added $559.3 of goodwill. The most significant other intangibles added were customer relationships and technology, whose finalized values were $372.3 and $173.3, respectively. There was no contingent consideration associated with this acquisition.