Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.21.2
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed The following table summarizes the allocation of the purchase price of the Coventya and HKW Acquisitions (together the "Acquisitions") to the identified assets acquired and liabilities assumed at the respective acquisition dates:
  (dollars in millions) Coventya HKW
Identifiable assets acquired and liabilities assumed
Accounts receivable $ 44.6  $ 10.1 
Inventories 37.7  11.2 
Other current assets 10.9  2.4 
Property, plant and equipment 28.7  6.2 
Identifiable intangible assets 213.4  28.7 
Other assets 11.4  2.7 
Current liabilities (42.9) (21.6)
Deferred income taxes (55.5) (7.5)
Other long-term liabilities (14.7) (3.2)
Non-controlling interests (39.6) — 
Total identifiable net assets 194.0  29.0 
Goodwill 291.6  21.9 
Total purchase price $ 485.6  $ 50.9 
Schedule of acquired finite-lived intangible assets by major class The fair value of the identifiable intangible assets recorded in conjunction with the Acquisitions was as follows:
Coventya HKW
  (dollars in millions) Fair Value
Weighted Average Useful Life (years)
Fair Value
Weighted Average Useful Life (years)
Customer relationships $ 145.0  12 $ 20.8  12
Trade name 8.4  10 1.0  5
Developed technology 60.0  10 6.9  5
Total $ 213.4  11.4 $ 28.7  10.1