DIVESTITURES AND BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Schedule of Spinoff Costs

On December 16, 2014, we divested the following assets and liabilities in connection with the Spin-Off:

Assets
Cash and cash equivalents	$	460.0
Accounts receivable		310.8
Inventories		1,303.4
Deferred income taxes		40.2
Other current assets		52.3
Property and equipment		323.1
Goodwill		1,370.4
Identifiable intangible assets		430.7
Other assets		119.1
		4,410.0
Liabilities
Accounts payable		167.1
Accrued liabilities		182.4
Long-term debt		1,200.0
Deferred income taxes		121.1
Other non-current liabilities		112.0
		1,782.6
Net assets divested in the Spin-Off	$	2,627.4

Preliminary Estimates of Fair Values of Assets Acquired and Liabilities Assumed

	EMTEQ		Fischer			WASP
Accounts receivable-trade	$	12.5	$	7.1	$	4.9
Inventories		12.3		4.6		3.3
Other current and non-current assets		2.5		0.9		0.3
Property and equipment		6.5		5.9		1.2
Goodwill		194.0		155.6		43.9
Identified intangibles		45.7		73.7		17.6
Accounts payable		(4.2)		(1.3)		(2.3)
Other current and non-current liabilities		(16.1)		(34.8)		(5.9)
Total purchase price	$	253.2	$	211.7	$	63.0

Energy Services

Preliminary Estimates of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of assets acquired and liabilities assumed in the 2014 Acquisitions in accordance with ASC 805: