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ACQUISITIONS AND DISPOSITIONS (Tables) | 12 Months Ended
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Oct. 30, 2022
Kreisel |
Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date | The preliminary fair values assigned to the assets and liabilities of the acquired entity in millions of dollars, which is based on information as of the acquisition date and available at October 30, 2022 follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | February 2022 | ​
Trade accounts and notes receivable | ​ | $ | 2 | ​
Other receivables | ​ | ​ | 11 | ​
Inventories | ​ | ​ | 11 | ​
Property and equipment | ​ | ​ | 11 | ​
Goodwill | ​ | ​ | 218 | ​
Other intangible assets | ​ | ​ | 178 | ​
Other assets | ​ | ​ | 6 | ​
Total assets | ​ | $ | 437 | ​
​ | ​ | ​ | ​ | ​
Accounts payable and accrued expenses | ​ | $ | 26 | ​
Deferred income taxes | ​ | ​ | 39 | ​
​ | ​ | ​ | ​ | ​
Redeemable noncontrolling interest | ​ | $ | 96 | ​
​
Excavator Factories |
Total Invested Capital | The total invested capital is as follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​
​ | ​ | March 2022 | ​
Cash consideration for factories | ​ | $ | 205 | ​
Cash consideration for license agreement | ​ | ​ | 70 | ​
Deferred consideration | ​ | ​ | 271 | ​
Total purchase price consideration | ​ | ​ | 546 | ​
Less: Cash obtained | ​ | ​ | (187) | ​
Less: Settlement of intercompany balances | ​ | ​ | (113) | ​
Net purchase price consideration | ​ | ​ | 246 | ​
Fair value of previously held equity investment | ​ | ​ | 444 | ​
Total invested capital | ​ | $ | 690 | ​
​
Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date | The preliminary fair values assigned to the assets and liabilities of the acquired factories in millions of dollars, which are based on information as of the acquisition date and available at October 30, 2022, follow: ​
​ | ​ | ​ | ​ | ​
​ | ​ | March 2022 | ​
Other receivables | ​ | $ | 29 | ​
Inventories | ​ | ​ | 286 | ​
Property and equipment | ​ | ​ | 180 | ​
Goodwill | ​ | ​ | 529 | ​
Other intangible assets | ​ | ​ | 70 | ​
Deferred income taxes | ​ | ​ | 56 | ​
Other assets | ​ | ​ | 3 | ​
Total assets | ​ | $ | 1,153 | ​
​ | ​ | ​ | ​ | ​
Accounts payable and accrued expenses | ​ | $ | 300 | ​
Long-term borrowings | ​ | ​ | 163 | ​
Total liabilities | ​ | $ | 463 | ​
​
Other Acquisitions |
Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date | The preliminary asset and liability fair values at the respective acquisition dates follow in millions of dollars: ​
​ | ​ | ​ | ​ | ​
​ | ​ | October 2022 | ​
Trade accounts and notes receivable | ​ | $ | 8 | ​
Inventories | ​ | ​ | 8 | ​
Property and equipment | ​ | ​ | 4 | ​
Goodwill | ​ | ​ | 53 | ​
Other intangible assets | ​ | ​ | 21 | ​
Other assets | ​ | ​ | 60 | ​
Total assets | ​ | $ | 154 | ​
​ | ​ | ​ | ​ | ​
Accounts payable and accrued expenses | ​ | $ | 6 | ​
Deferred income taxes | ​ | ​ | 5 | ​
Total liabilities | ​ | $ | 11 | ​
​ | ​ | ​ | ​ | ​
Redeemable noncontrolling interest | ​ | $ | 9 | ​
​
Bear Flag |
Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date | The asset and liability fair values at the acquisition date in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​
​ | ​ | August 2021 | ​
Property and equipment | ​ | $ | 1 | ​
Goodwill | ​ | ​ | 189 | ​
Other intangible assets | ​ | ​ | 54 | ​
Total assets | ​ | $ | 244 | ​
​ | ​ | ​ | ​ | ​
Accounts payable and accrued expenses | ​ | $ | 1 | ​
Deferred income taxes | ​ | ​ | 18 | ​
Total liabilities | ​ | $ | 19 | ​
​
Unimil |
Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date | The asset and liability fair values at the acquisition date in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​
​ | ​ | September 2020 | ​
Trade accounts and notes receivable | ​ | $ | 5 | ​
Other receivables | ​ | ​ | 2 | ​
Inventories | ​ | ​ | 10 | ​
Property and equipment | ​ | ​ | 22 | ​
Goodwill | ​ | ​ | 28 | ​
Other intangible assets | ​ | ​ | 13 | ​
Total assets | ​ | $ | 80 | ​
​ | ​ | ​ | ​ | ​
Accounts payable and accrued expenses | ​ | $ | 5 | ​
Deferred income taxes | ​ | ​ | 9 | ​
Total liabilities | ​ | $ | 14 | ​
​

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