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Acquisitions and Divestitures (Tables)
3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Purchase Price Allocation
(in millions)
Amount
Cash
$
14

Receivables
24

Inventories
5

Prepaid and other current assets
1

Property, plant and equipment
22

Intangible assets
148

Other long-term assets
4

Accounts payable
(3
)
Accrued and other current liabilities
(12
)
Deferred income tax liabilities
(29
)
Other non-current accrued liabilities
(2
)
Total identifiable net assets
172

 
 
Goodwill
262

   Total consideration
$
434

Summary of Intangible Assets Acquired
Category
 
Life
 
Amount (in millions)
Customer Relationships
 
18 years
 
$
83

Technology
 
3 - 10 years
 
37

Tradenames
 
17 years
 
22

Internally Developed Software
 
3 years
 
6

Total
 
 
 
$
148

Pro Forma Information The following table summarizes, on an unaudited pro forma basis, the condensed combined results of operations of the Company for the three month periods ended March 31, 2018 and March 31, 2017 assuming the acquisition of Pure was made on January 1, 2017.
(in millions)
Three Months Ended March 31, 2018
Three Months Ended March 31, 2017
Revenue
$
1,222

$
1,093

Net income
$
77

$
55