# 97.9% of Donaldson's $830.2 million purchase price is goodwill and intangibles

![97.9% of Donaldson's $830.2 million purchase price is goodwill and intangibles](https://aiswingx.com/static/covers/dci-fy2026_cover.jpg?v=1790549580)

**Fiscal 2026 10-K: the purchase price allocation puts goodwill and intangibles at almost the whole price, and the company wrote that the allocation is still preliminary**

Donaldson (DCI) acquired Filtration Group's Facet Filtration business in an all-cash transaction on May 4, 2026. Cash consideration was $830.2 million. Of that price, the company allocated $587.4 million to goodwill and $225.6 million to intangible assets. Those two come to $813.0 million, or 97.9% of the cash consideration.

- 종목: DCI (Donaldson Company, Inc.)
- 분기: FY2026 · 10-K
- 작성: 2026-09-27 22:53 UTC · 업데이트: 2026-09-28 12:17 UTC
- 원문: https://aiswingx.com/p/dci-fy2026

## 숫자 하나
Of the $830.2 million cash consideration for Facet, goodwill of $587.4 million and intangibles of $225.6 million come to $813.0 million, or 97.9%. New debt of $820.0 million was issued at 4.65%. Long-term debt stands at $1,283.1 million, of which $1,008.1 million (78.6%) is variable rate. The company wrote that it had no interest rate hedging agreements in fiscal 2026 or 2025.

## 비유 하나
(구독자 전용)

## 출처 하나
Donaldson Company, Inc. Form 10-K (fiscal 2026, filed 2026-09-25, accession 0000029644-26-000085): consolidated statements of earnings, consolidated balance sheets, consolidated statements of cash flows, Note 2 on acquisitions and equity method investments, Note 6 on goodwill and intangible assets, Note 7 on debt, the Investing Activities, Financing Activities and market risk discussions in MD&A, and the critical audit matter in the auditor's report. Annual figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Donaldson (DCI) is a US company that makes filtration systems for engines and industrial equipment. Its fiscal 2026 year ended on July 31, 2026, and the 10-K was filed on September 25, 2026.

On May 4, 2026 the company acquired 100% of Filtration Group's Facet Filtration business in an all-cash transaction. The purchase price was allocated as follows.

| Item | Amount |
|---|---|
| **Cash consideration** | **$830.2 million** |
| Goodwill | $587.4 million |
| Intangible assets | $225.6 million |
| **Goodwill + intangibles** | **$813.0 million** |
| **Share of the price** | **97.9%** |

What was allocated to the tangible portion of the net assets acquired amounts to 2.1% of the price. The rest went to goodwill and intangibles.

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## FAQ

**Q. How is the goodwill and intangibles share calculated?**

Goodwill is the purchase price less the fair value of the net assets acquired, and intangibles are items such as customer relationships and technology. The company states both amounts, and the free table above places them beside the purchase price.

**Q. Is the allocation final?**

No. The company wrote that the allocation is preliminary and that any adjustment identified within one year of the acquisition date will be recorded retrospectively to that date. The relevant sentences are in the subscriber section.

**Q. Where did the money for the acquisition come from?**

The company states the size and the rate of the new borrowing. The balance and rate of each instrument, and the variable-rate share, are set out in a table in the subscriber section.

**Q. How is the variable-rate exposure managed?**

The company wrote that it had no interest rate hedging agreements in fiscal 2026 or 2025, and it also disclosed the effect on interest expense of a 0.5 percentage point rise in rates. Both sentences are in the subscriber section.

**Q. Where can I verify this directly?**

Open Donaldson Company, Inc.'s fiscal 2026 Form 10-K (accession 0000029644-26-000085) on SEC EDGAR and read Note 2 on acquisitions, Note 7 on debt, and the critical audit matter in the auditor's report.