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ACQUISITIONS (Tables)

6 Months Ended

May 01, 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 May 1, 2022 follows:

​

​	​	​	​	​
​	​	February 7		​
​	​	2022		​
Trade accounts and notes receivable	​	$	2	​
Other receivables	​	​	11	​
Inventories	​	​	11	​
Property and equipment	​	​	11	​
Goodwill	​	​	217	​
Other intangible assets	​	​	178	​
Other assets	​	​	6	​
Total assets	​	$	436	​
​	​	​	​	​
Accounts payable and accrued expenses	​	$	28	​
Deferred income taxes	​	​	36	​
​	​	​	​	​
Redeemable noncontrolling interest	​	$	96	​

Excavator Factories

Total Invested Capital

The total invested capital follows:

​	​	​	​	​
​	​	February 28		​
​	​	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 is based on information as of the acquisition date and available at May 1, 2022 follows:

​	​	​	​	​
​	​	February 28		​
​	​	2022		​
Other receivables	​	$	29	​
Inventories	​	​	286	​
Property and equipment	​	​	182	​
Goodwill	​	​	534	​
Other intangible assets	​	​	70	​
Deferred income taxes	​	​	49	​
Total assets	​	$	1,150	​
​	​	​	​	​
Accounts payable and accrued expenses	​	$	297	​
Long-term borrowings	​	​	163	​
Total liabilities	​	$	460	​

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:

​

​	​	​	​	​
​	​	May 1		​
​	​	2022		​
Trade accounts and notes receivable	​	$	7	​
Inventories	​	​	8	​
Property and equipment	​	​	4	​
Goodwill	​	​	40	​
Other intangible assets	​	​	20	​
Other assets	​	​	50	​
Total assets	​	$	129	​
​	​	​	​	​
Accounts payable and accrued expenses	​	$	6	​
Deferred income taxes	​	​	5	​
Total liabilities	​	$	11	​
​	​	​	​	​
Redeemable noncontrolling interest	​	$	9	​

X

- Definition

Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
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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

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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