BUSINESS ACQUISITIONS Business Acquisitions Tables (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

Total assets and total liabilities held for sale for the Food Solutions business as of December 31, 2017, include the following:



	December 31, 2017
Assets:
Cash and cash equivalents	$	0.1
Accounts receivable	24.4
Unbilled services	7.6
Supplies inventories	0.4
Prepaid expenses and other	1.2
Property, plant and equipment, net	42.3
Goodwill, net	170.5
Intangible assets, net	174.7
Other assets, net	0.3
Total assets held for sale	$	421.5

Liabilities:
Accounts payable	$	2.4
Accrued expenses and other	15.2
Unearned revenue	2.6
Deferred income taxes and other tax liabilities	64.1
Other liabilities	2.2
Total liabilities held for sale	$	86.5

Net assets held for sale	$	335.0

Business Acquisition, Pro Forma Information [Table Text Block]

The Company completed the Chiltern acquisition on September 1, 2017. Had the Chiltern acquisition been completed as of January 1, 2016, the Company's pro forma results would have been as follows:



	Three Months Ended September 30, 2017		Nine Months Ended September 30, 2017
Net revenues	$	2,747.3	$	8,086.6
Operating income	313.2		975.0
Net income	158.1		521.2
Earnings per share:
Basic	$	1.55	$	5.09
Diluted	$	1.52	$	5.02

The unaudited pro forma results reflect certain adjustments related to past operating performance and acquisition accounting adjustments, such as increased amortization expense and decreased depreciation expense based on the estimated fair value of assets acquired, the impact of the Company’s new financing arrangements, and the related tax effects. The pro forma results do not include any anticipated synergies which may be achievable subsequent to the Chiltern acquisition. To produce the unaudited pro forma financial information, the Company adjusted Chiltern’s assets and liabilities to their estimated fair value based on a valuation as of September 1, 2017. These pro forma results of operations have been prepared for comparative purposes only, and they do not purport to be indicative of the results of operations that actually would have resulted had the acquisition of Chiltern occurred on the date indicated or that may result in the future.

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The final valuation of acquired assets and assumed liabilities as of September 1, 2017, include the following:



Consideration Transferred
Cash consideration	$	1,224.5

Net Assets Acquired
Cash and cash equivalents	$	30.7
Accounts receivable	103.6
Unbilled services	32.6
Prepaid expenses and other	57.9
Property, plant and equipment	12.1
Goodwill	735.9
Customer relationships	602.0
Trade names and trademarks	10.6
Technology	26.0
Total assets acquired	1,612.3
Accounts payable	45.1
Accrued expenses and other	19.6
Unearned revenue	124.2
Deferred income taxes	196.5
Other liabilities	2.4
Total liabilities acquired	387.8
Net assets acquired	$	1,224.5