Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2012

Business Combinations and Divestitures [Abstract]

Fair values of the assets acquired and liabilities assumed

The initial purchase price allocations, net of cash acquired, and any subsequent purchase price adjustments for acquisitions in 2012, 2011 and 2010 are presented below:

	2012		2011		2010
Assets:
Accounts receivable, net	$	4.7	$	25.6	$	2.6
Inventories, net	2.3		23.6		6.1
Deferred charges and prepaid expenses	0.1		0.9		—
Other current assets	0.2		0.6		8.5
Property, plant and equipment—net	3.0		32.1		3.4
Goodwill	7.1		108.8		4.3
Other intangible assets	7.7		121.0		6.9
Other non-current assets	—		0.5		—
Total assets acquired	$	25.1	$	313.1	$	31.8
Liabilities:
Accounts payable, trade	$	2.3	$	10.7	$	8.7
Salaries, wages and benefits	0.3		5.1		0.5
Other current liabilities	1.8		5.2		—
Total liabilities assumed	$	4.4	$	21.0	$	9.2
Net assets acquired	$	20.7	$	292.1	$	22.6

Business Acquisition Purchase price allocation identifiable intangible assets

The following table summarizes the preliminary purchase price allocation for identifiable intangible assets acquired in 2012:

	Initial Purchase Price Allocation
			Weighted- Average Life
Trade name	$	1.2	8 years
Know how	3.5		20 years
All customer relationships	2.5		10 years
Non-compete agreements	0.5		5 years
Total intangible assets allocated	$	7.7

The Company is in the process of obtaining a third-party valuation of certain tangible and intangible assets of Wazee and, therefore, the values attributed to those acquired assets in the Consolidated Financial Statements are subject to adjustment.

The following table summarizes the final purchase price allocation for identifiable intangible assets acquired in 2011:

	Initial Purchase Price Allocation			Adjusted Purchase Price Allocation
			Weighted- Average Life			Weighted- Average Life
Trade name (not subject to amortization)	$	4.1	Indefinite	$	15.3	Indefinite
Developed technology	5.4		7 years	8.0		15 years
Trade name	12.0		15 years	0.3		2 years
Know how	15.0		20 years	20.6		20 years
All customer relationships	108.4		17 years	75.7		10 years
Non-compete agreements	2.0		5 years	1.1		3 years
Total intangible assets allocated	$	146.9		$	121.0