Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Acquisition and divestiture activity

The Company's acquisition and divestiture activities are summarized below:

	Three Months Ended March 31,
	2015		2014
	(in millions)
Acquisitions:
Purchase price	$	46.4	$	117.6
Net cash paid	$	45.5	$	112.6
Goodwill recorded	$	—	$	82.1

Preliminary purchase price allocation

The following table represents our preliminary purchase price allocation as of March 31, 2015:

	March 31, 2015
	(in millions)
Accounts receivable	$	29.4
Inventories	36.1
Property, plant, and equipment	70.5
Goodwill	409.1
Other assets	76.0
Accounts payable	(15.4		)
Accrued liabilities	(10.1		)
Total net assets acquired	$	595.6