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Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Allocation of Net Tangible and Intangible Assets Acquired and Liabilities Assumed

We are working to complete the valuation and have recorded a preliminary purchase price allocation of:

			(in millions)
Cash			$	52
Receivables			102
Inventory			62
Other current assets			4
Property, plant and equipment			406
Finance leases right of use assets			8
Definite life intangible assets			48
Indefinite life intangible assets			686
Goodwill			774
Other assets			79
Assets acquired			$	2,221
Current liabilities			131
Deferred tax liability			155
Finance lease liabilities			8
Other liabilities			21
Total purchase price			$	1,906
Less: long-term debt			(436)
Less: cash received			(52)
Net Cash Paid			$	1,418

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- References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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