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ACQUISITIONS AND DIVESTITURES OF BUSINESSES (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The measurement period adjustments did not have a material impact to the Consolidated Statements of Income.
(In millions) |  |  |  | Preliminary Allocation |  | Measurement Period Adjustments |  | Final Allocation
Short-term investments |  |  |  | $ | 5 |  |  | $ | — |  |  | $ | 5 |
Accounts receivable |  |  |  | 94 |  |  | (1) |  |  | 93 |
Inventory |  |  |  | 184 |  |  | (5) |  |  | 179 |
Prepaid expenses and other current assets |  |  |  | 6 |  |  | (1) |  |  | 5 |
Property, plant and equipment |  |  |  | 6 |  |  | (5) |  |  | 1 |
Other intangible assets |  |  |  | 630 |  |  | (26) |  |  | 604 |
Other assets |  |  |  | — |  |  | 2 |  |  | 2 |
Accounts payable |  |  |  | (13) |  |  | — |  |  | (13) |
Other current liabilities |  |  |  | (32) |  |  | (2) |  |  | (34) |
Other noncurrent liabilities |  |  |  | (157) |  |  | (10) |  |  | (167) |
Total identifiable net assets |  |  |  | 723 |  |  | (48) |  |  | 675 |
Goodwill |  |  |  | 928 |  |  | 48 |  |  | 976 |
Total consideration, net of cash received |  |  |  | $ | 1,651 |  |  | $ | — |  |  | $ | 1,651 |
The measurement period adjustments did not have a material impact to the Consolidated Statements of Income.
(In millions) |  |  |  | Preliminary Allocation |  | Measurement Period Adjustments |  | Final Allocation
Accounts receivable |  |  |  | $ | 84 |  |  | $ | — |  |  | $ | 84 |
Inventory |  |  |  | 179 |  |  | (1) |  |  | 178 |
Prepaid expenses and other current assets |  |  |  | 45 |  |  | 5 |  |  | 50 |
Property, plant and equipment |  |  |  | 86 |  |  | 11 |  |  | 97 |
Other intangible assets |  |  |  | 1,575 |  |  | (113) |  |  | 1,462 |
Other assets |  |  |  | 19 |  |  | (4) |  |  | 15 |
Accounts payable |  |  |  | (40) |  |  | — |  |  | (40) |
Other current liabilities |  |  |  | (159) |  |  | (43) |  |  | (202) |
Other noncurrent liabilities |  |  |  | (77) |  |  | (31) |  |  | (108) |
Total identifiable net assets |  |  |  | 1,712 |  |  | (176) |  |  | 1,536 |
Goodwill |  |  |  | 1,088 |  |  | 176 |  |  | 1,264 |
Total consideration, net of cash received |  |  |  | $ | 2,800 |  |  | $ | — |  |  | $ | 2,800 |
The measurement period adjustments did not have a material impact to the Consolidated Statements of Income.
(In millions) |  | Preliminary Allocation |  | Measurement Period Adjustments |  | Final Allocation
Accounts receivable |  | $ | 36 |  |  | $ | (1) |  |  | $ | 35 |
Inventory |  | 43 |  |  | 3 |  |  | 46 |
Prepaid expenses and other current assets |  | 1 |  |  | — |  |  | 1 |
Property, plant and equipment |  | 25 |  |  | 6 |  |  | 31 |
Other intangible assets |  | 306 |  |  | 35 |  |  | 341 |
Other assets |  | 21 |  |  | (13) |  |  | 8 |
Accounts payable |  | (24) |  |  | (1) |  |  | (25) |
Other current liabilities |  | (10) |  |  | (4) |  |  | (14) |
Other noncurrent liabilities |  | (70) |  |  | 2 |  |  | (68) |
Total identifiable net assets |  | 328 |  |  | 27 |  |  | 355 |
Goodwill |  | 284 |  |  | (29) |  |  | 255 |
Total consideration, net of cash received |  | $ | 612 |  |  | $ | (2) |  |  | $ | 610 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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