XML 73 R59.htm IDEA: XBRL DOCUMENT v3.24.0.1
ACQUISITIONS - Summary of Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 22, 2023
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Assets acquired            
Goodwill $ 8,780     $ 8,508 $ 8,587  
LKZ            
Assets acquired            
Cash and cash equivalents   $ 30        
Accounts receivable   6        
Inventory   95        
Property, plant and equipment   36        
Goodwill   111        
Other noncurrent assets   3        
Total assets acquired   281        
Liabilities assumed            
Current liabilities   21        
Noncurrent liabilities   3        
Total liabilities assumed   24        
Net assets acquired   $ 257        
L&M Radiator, Inc            
Assets acquired            
Cash and cash equivalents     $ 16      
Accounts receivable     20      
Inventory     27      
Other current assets     1      
Property, plant and equipment     43      
Goodwill     104      
Other intangible assets     89      
Other noncurrent assets     1      
Total assets acquired     301      
Liabilities assumed            
Current liabilities     16      
Noncurrent liabilities     40      
Total liabilities assumed     56      
Net assets acquired     $ 245      
Nordco            
Assets acquired            
Cash and cash equivalents           $ 5
Accounts receivable           23
Inventory           34
Other current assets           2
Property, plant and equipment           17
Goodwill           215
Other intangible assets           168
Other noncurrent assets           12
Total assets acquired           476
Liabilities assumed            
Current liabilities           20
Noncurrent liabilities           46
Total liabilities assumed           66
Net assets acquired           $ 410