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Acquisitions (Tables) | 9 Months Ended
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Oct. 01, 2021
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 for the Aldevron Acquisition, and separately for all other acquisitions during the nine-month period ended October 1, 2021 ($ in millions):
| Aldevron |  | Others |  | Total
Trade accounts receivable | $ | 46 |  |  | $ | 16 |  |  | $ | 62 |
Inventories | 93 |  |  | 26 |  |  | 119 |
Property, plant and equipment | 142 |  |  | 11 |  |  | 153 |
Goodwill | 6,078 |  |  | 821 |  |  | 6,899 |
Other intangible assets, primarily technology, customer relationships and trade names | 3,514 |  |  | 328 |  |  | 3,842 |
Trade accounts payable | (15) |  |  | (8) |  |  | (23) |
Deferred tax liabilities | (208) |  |  | (76) |  |  | (284) |
Other assets and liabilities, net | (64) |  |  | (40) |  |  | (104) |
Fair value of net assets acquired | 9,586 |  |  | 1,078 |  |  | 10,664 |
Less: noncash consideration | (23) |  |  | (13) |  |  | (36) |
Net cash consideration | $ | 9,563 |  |  | $ | 1,065 |  |  | $ | 10,628 |
Results Of Operations If Acquisition Was Consummated | 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):
| Three-Month Period Ended |  | Nine-Month Period Ended
| October 1, 2021 |  | October 2, 2020 |  | October 1, 2021 |  | October 2, 2020
Sales | $ | 7,280 |  |  | $ | 5,992 |  |  | $ | 21,546 |  |  | $ | 16,605 |
Net earnings from continuing operations | 1,159 |  |  | 960 |  |  | 4,483 |  |  | 1,890 |
Diluted net earnings per common share from continuing operations (a) | 1.54 |  |  | 1.27 |  |  | 6.00 |  |  | 2.50 |
(a) Diluted net earnings per common share from continuing operations is calculated by adding the interest accrued on the Company’s LYONs to net earnings from continuing operations and deducting the MCPS dividends from net earnings from continuing operations for the anti-dilutive MCPS shares (refer to Note 15 for additional information).

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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=123413009&loc=d3e4845-128472 + Details
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