ACQUISITIONS AND INVESTMENTS (Tables)

9 Months Ended

Oct. 02, 2021

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the acquisition date value of identifiable net assets acquired and liabilities assumed:


(Millions of Dollars)
Cash and cash equivalents	$	35.8
Accounts receivable, net	48.3
Inventories, net	124.3
Prepaid expenses and other assets	2.6
Property, plant and equipment	127.9
Trade names	25.0
Customer relationships	565.0
Accounts payable	(25.9)
Accrued expenses	(26.9)
Deferred taxes	(16.3)
Other liabilities	(0.3)
Total identifiable net assets	$	859.5
Goodwill	632.3
Contingent consideration	(155.3)
Total consideration paid	$	1,336.5

Pro-forma Impact from Acquisitions

The following table presents supplemental pro-forma information as if the 2020 acquisitions had occurred on December 30, 2018. The pro-forma consolidated results are not necessarily indicative of what the Company’s consolidated net sales and net earnings would have been had the Company completed the acquisitions on December 30, 2018. In addition, the pro-forma consolidated results do not purport to project the future results of the Company.


(Millions of Dollars, except per share amounts)	Third Quarter 2020		Year-to-Date 2020
Net sales	$	3,854.2	$	10,185.0
Net earnings attributable to common shareowners	$	392.5	$	791.7
Diluted earnings per share	$	2.48	$	5.12