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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Allocation of acquisition costs | The following table presents the preliminary allocation of purchase consideration to the assets acquired and liabilities assumed during 2020 based on the estimated fair values for the acquisitions as of their respective acquisition dates:
Acquisitions for the Year-Ended December 31, 2020 |
(In millions) |
Cash | $ | 694 |
Estimated fair value of deferred/contingent consideration | 183 |
Total consideration | $ | 877 |
Allocation of purchase price: |
Cash and cash equivalents | $ | 26 |
Accounts receivable, net | 29 |
Fixed assets, net | 16 |
Other intangible assets | 278 |
Goodwill | 593 |
Other assets | 13 |
Total assets acquired | 955 |
Current liabilities | 25 |
Other liabilities | 53 |
Total liabilities assumed | 78 |
Net assets acquired | $ | 877 |
Acquired finite-lived intangible assets | The following chart provides information about intangible assets acquired during 2020:
Intangible assets through December 31, 2020 (In millions) |  | Amount |  | Weighted Average Amortization Period
Customer relationships |  | $ | 255 |  |  | 13.7 years
Other |  | 23 |  |  | 4.3 years
|  | $ | 278 |  |  |
Pro-forma information | The unaudited pro-forma financial data is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved if such acquisitions had occurred on the dates indicated, nor is it necessarily indicative of future consolidated results.
| Years Ended December 31,
(In millions, except per share data) | 2020 |  | 2019 |  | 2018
Revenue | $ | 17,301 |  |  | $ | 17,323 |  |  | $ | 17,106 |
Net income attributable to the Company | $ | 2,021 |  |  | $ | 1,877 |  |  | $ | 1,302 |
Basic net income per share attributable to the Company | $ | 3.99 |  |  | $ | 3.71 |  |  | $ | 2.58 |
Diluted net income per share attributable to the Company | $ | 3.95 |  |  | $ | 3.67 |  |  | $ | 2.55 |

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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 characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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