XML 54 R42.htm IDEA: XBRL DOCUMENT
v3.24.3

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Initial Purchase Price | The initial purchase price is as follows (in millions):
Cash paid for 70% majority interest of Roar shares | $ | 269 |
Less: Cash acquired net of noncontrolling interests | 1 |
Net cash paid for 70% majority interest of Roar | 268 |
Initial fair value of contingent consideration | 48 |
Total initial consideration | $ | 316 |
The initial purchase price was as follows (in millions):
Cash consideration | $ | 215 |
Less: Cash acquired | 1 |
Net cash paid | 214 |
Settlement of prepaid asset | 8 |
Acquisition date fair value of previously held interests | 92 |
Total consideration | $ | 314 |
Schedule of Fair Value Amounts Expected to be Recognized for Assets Acquired and Liabilities Assumed | The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date:
| Fair value as of January 2, 2024
| (In millions)
Goodwill | $ | 268 |
Prepaid expenses and other assets | 3 |
Other intangible assets | 183 |
Total assets acquired | 454 |
Accounts payable and accrued liabilities | 2 |
Total liabilities assumed | 2 |
Noncontrolling interests (fair value determined using income approach) | 136 |
Total liabilities assumed and non-controlling interests | 138 |
Net assets acquired | $ | 316 |
The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date (in millions):
| Fair value as of July 18, 2024
Goodwill | $ | 162 |
Prepaid expenses and other assets | 5 |
Other intangible assets | 149 |
Total assets acquired | 316 |
Accounts payable and accrued liabilities | 2 |
Total liabilities assumed | 2 |
Net assets acquired | $ | 314 |
Schedule of Gross Carrying Value and Weighted Average Estimated Useful Lives of Other Intangible Assets Acquired | The gross carrying value and weighted average estimated useful lives of Other intangible assets acquired in the Roar acquisition consist of the following:
| Gross Carrying Value |  | Estimated Useful Life
Other intangible assets: | (In millions) |  | (In years)
Customer relationships | $ | 179 |  |  | 12
Definite lived trademarks, tradenames, and other | 4 |  |  | 10
Total Other intangible assets | $ | 183 |  |  |
The gross carrying value and weighted average estimated useful lives of Other intangible assets acquired in the PALH acquisition consist of the following:
| Gross Carrying Value |  | Estimated Useful Life
Other intangible assets: | (In millions) |  | (In years)
Customer relationships | $ | 131 |  |  | 20
Definite lived trademarks, tradenames, and other | 18 |  |  | 5 to 10
Total Other intangible assets | $ | 149 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration