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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Fair Values Of The Assets Acquired And Liabilities Assumed | The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition ($ in millions):
| 2020 |  | 2019 |  | 2018
Trade accounts receivable | $ | 487 |  |  | $ | 9 |  |  | $ | 41 |
Inventories | 934 |  |  | 9 |  |  | 15 |
Property, plant and equipment | 690 |  |  | 4 |  |  | 88 |
Goodwill | 10,402 |  |  | 217 |  |  | 1,276 |
Other intangible assets, primarily technology, customer relationships and trade names | 10,712 |  |  | 113 |  |  | 851 |
Trade accounts payable | (250) |  |  | (3) |  |  | (7) |
Pension liabilities | (423) |  |  | — |  |  | — |
Deferred tax liabilities | (1,167) |  |  | — |  |  | (21) |
Other assets and liabilities, net | (414) |  |  | (18) |  |  | (46) |
Net assets acquired | 20,971 |  |  | 331 |  |  | 2,197 |
Less: noncash consideration | — |  |  | — |  |  | (24) |
Net cash consideration | $ | 20,971 |  |  | $ | 331 |  |  | $ | 2,173 |
The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the individually significant acquisition in 2020 discussed above, and all of the other 2020 acquisitions as a group ($ in millions):
| Cytiva |  | Others |  | Total
Trade accounts receivable | $ | 482 |  |  | $ | 5 |  |  | $ | 487 |
Inventories | 930 |  |  | 4 |  |  | 934 |
Property, plant and equipment | 689 |  |  | 1 |  |  | 690 |
Goodwill | 10,171 |  |  | 231 |  |  | 10,402 |
Other intangible assets, primarily technology, customer relationships and trade names | 10,656 |  |  | 56 |  |  | 10,712 |
Trade accounts payable | (247) |  |  | (3) |  |  | (250) |
Pension liabilities | (423) |  |  | — |  |  | (423) |
Deferred tax liabilities | (1,157) |  |  | (10) |  |  | (1,167) |
Other assets and liabilities, net | (386) |  |  | (28) |  |  | (414) |
Net cash consideration | $ | 20,715 |  |  | $ | 256 |  |  | $ | 20,971 |
The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the individually significant acquisition in 2018 discussed above, and all of the other 2018 acquisitions as a group ($ in millions):
| IDT |  | Others |  | Total
Trade accounts receivable | $ | 36 |  |  | $ | 5 |  |  | $ | 41 |
Inventories | 15 |  |  | — |  |  | 15 |
Property, plant and equipment | 88 |  |  | — |  |  | 88 |
Goodwill | 1,213 |  |  | 63 |  |  | 1,276 |
Other intangible assets, primarily technology, customer relationships and trade names | 811 |  |  | 40 |  |  | 851 |
Trade accounts payable | (6) |  |  | (1) |  |  | (7) |
Deferred tax liabilities | (21) |  |  | — |  |  | (21) |
Other assets and liabilities, net | (34) |  |  | (12) |  |  | (46) |
Net assets acquired | 2,102 |  |  | 95 |  |  | 2,197 |
Less: noncash consideration | (24) |  |  | — |  |  | (24) |
Net cash consideration | $ | 2,078 |  |  | $ | 95 |  |  | $ | 2,173 |
Results Of Operations If Acquisition Was Consummated | The unaudited pro forma information for the periods set forth below gives effect to the 2020 and 2019 acquisitions as if they had occurred as of January 1, 2019. The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions except per share amounts):
| 2020 |  | 2019
Sales | $ | 23,130 |  |  | $ | 20,985 |
Net earnings from continuing operations | 3,845 |  |  | 2,416 |
Diluted net earnings per common share from continuing operations (a) | 5.16 |  |  | 3.21 |
(a) Diluted net earnings per common share from continuing operations is calculated by adding the interest on the Company’s LYONs to net earnings from continuing operations and deducting the MCPS dividends from net earnings from continuing operations.

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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 http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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