The following represents the preliminary fair values of the assets acquired and liabilities assumed resulting from the Business Combination, as well as the calculation of goodwill:
| | | | | | | (in millions) | February 3, 2026 | | Cash consideration | $ | 791.3 | | | Share consideration | 933.4 | | Total consideration transferred | $ | 1,724.7 | | | Fair value of Dowlais noncontrolling interests | 19.3 | | Total fair value of Dowlais | $ | 1,744.0 | | | | | Cash and cash equivalents | $ | 459.7 | | | Accounts receivable | 656.8 | | | Inventories | 538.4 | | | Property, plant and equipment | 2,706.4 | | | Investments in equity-method affiliates | 883.7 | | | Prepaid expenses and other long-term assets | 569.1 | | | Total assets acquired | $ | 5,814.1 | | | Accounts payable | 784.1 | | | Accrued expenses and other | 785.6 | | | Deferred income tax liabilities | 340.5 | | | Long-term debt | 1,876.9 | | | Postretirement benefits and other long-term liabilities | 794.0 | | | Net assets acquired | $ | 1,233.0 | | | Goodwill | $ | 511.0 | |
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