Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Acquisition and divestiture activity

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
	(in millions)
Acquisitions:
Purchase price	$	—	$	593.0	$	46.2	$	718.3
Net cash paid	$	—	$	593.0	$	46.2	$	711.8
Goodwill recorded	$	—	$	410.2	$	—	$	496.3
Divestitures:
Proceeds	$	—	$	—	$	51.3	$	—
Gain recognized	$	—	$	—	$	8.2	$	—
Goodwill charged off	$	—	$	—	$	17.3	$	—

Finalized purchase price allocation

With regard to the acquisition of the assets of Meyer Steel Structures (“Meyer”) in August 2014, the purchase price allocation was finalized during the three-months ended September 30, 2015 as shown in the following table:

	September 30, 2015
	(in millions)
Accounts receivable	$	29.4
Inventories	35.2
Property, plant, and equipment	70.5
Goodwill	410.2
Other assets	76.0
Accounts payable	(15.4		)
Accrued liabilities	(10.3		)
Total net assets acquired	$	595.6