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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combinations [Abstract] |
Summary of Preliminary Fair Value of Consideration Transferred and the Preliminary Estimated Fair Values of the Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of the Chubb Acquisition:
Cash |  | $ | 60 |
Accounts receivable |  |  | 438 |
Inventories |  |  | 67 |
Contract assets |  |  | 183 |
Other current assets |  |  | 20 |
Property and equipment |  |  | 67 |
Operating lease right of use assets |  |  | 154 |
Pension and post-retirement assets |  |  | 626 |
Other noncurrent assets |  |  | 20 |
Intangible assets |  |  | 1,385 |
Goodwill |  |  | 1,229 |
Accounts payable |  |  | (191 | )
Contract liabilities |  |  | (162 | )
Accrued expenses |  |  | (219 | )
Finance and operating lease liabilities |  |  | (154 | )
Pension and post-retirement obligations |  |  | (75 | )
Deferred tax liabilities |  |  | (465 | )
Other noncurrent liabilities |  |  | (84 | )
Net assets acquired |  | $ | 2,899 |
The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the dates of acquisition:
|  | Premier Fire |  |  | NAC |  |  | Other 2021 Acquisitions |
Cash paid at closing |  | $ | 32 |  |  | $ | 36 |  |  | $ | 25 |
Accrued consideration |  |  | 7 |  |  |  | 4 |  |  |  | 9 |
Total consideration |  | $ | 39 |  |  | $ | 40 |  |  | $ | 34 |
Cash |  | $ | 3 |  |  | $ | 2 |  |  | $ | 2 |
Current assets |  |  | 10 |  |  |  | 22 |  |  |  | 6 |
Property and equipment |  |  | 1 |  |  |  | 2 |  |  |  | 2 |
Intangible assets, net |  |  | 14 |  |  |  | 13 |  |  |  | 11 |
Goodwill |  |  | 17 |  |  |  | 13 |  |  |  | 19 |
Current liabilities |  |  | (6 | ) |  |  | (12 | ) |  |  | (6 | )
Net assets acquired |  | $ | 39 |  |  | $ | 40 |  |  | $ | 34 |
Summary of Preliminary Fair Value of the Identifiable Intangible Assets | The following table summarizes the preliminary fair value of the identifiable intangible assets:
Customer relationships |  | $ | 825 |
Trade names and trademarks |  |  | 550 |
Contractual backlog |  |  | 10 |
Total intangibles |  | $ | 1,385 |
Summary of Pro Forma Consolidated Financial Information Reflects the Results of Operations | The following pro forma consolidated financial information reflects the results of operations of the Company for the three and six months ended June 30, 2021 as if the Chubb Acquisition and related financing had occurred as of January 1, 2021, after giving effect to certain purchase accounting and financing adjustments. These amounts are based on financial information of the Chubb business and are not necessarily indicative of what the Company’s operating results would have been had the Chubb Acquisition and related financing taken place on January 1, 2021.
|  | Three Months Ended June 30, 2021 |  |  | Six Months Ended June 30, 2021 |
Net revenues |  | $ | 1,532 |  |  | $ | 2,883 |
Net income (loss) |  |  | (12 | ) |  |  | (53 | )

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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 https://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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 https://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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + 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 (b) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4922-128472 + Details
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