Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

The following table summarizes the amounts recognized for assets acquired and liabilities assumed:


	Preliminary amounts recognized at March 31, 2016			Measurement Period adjustments			Final allocation

Cash	$	136		$	—		$	136
Non-cash working capital		(466	)		71			(395	)
Investments		1,719			(222	)		1,497
Fixed assets		468			(23	)		445
Goodwill		430			160			590
Other assets		60			(36	)		24
Intangibles		218			154			372
Deferred tax assets		43			(9	)		34
Long-term employee benefit liabilities		(125	)		(12	)		(137	)
Long-term debt		(116	)		(1	)		(117	)
Other long-term liabilities		(9	)		(43	)		(52	)
Deferred tax liabilities		(137	)		18			(119	)
Non-controlling interest		(303	)		16			(287	)

Consideration paid		1,918			73			1,991
Less: Cash acquired		(136	)		—			(136	)

Net cash outflow	$	1,782		$	73		$	1,855

The investments amount includes the following equity investments that were acquired as part of the business combination:


	Ownership percentage			Investment balance

Getrag Ford Transmission GmbH [“GFT”]		50.0	%	$	340
Getrag (Jiangxi) Transmission Co., Ltd [“GJT”] ^[i]		50.0	%	$	1,077
Dongfeng Getrag Transmission Co. Ltd [“DGT”]		50.0	%	$	80

[i]	GJT is 66.7% owned by one of the Company’s consolidated subsidiaries which has a 25% non-controlling interest.

As a result, the investment balance was derived using 66.7% of the fair value.

The following table provides consolidated supplemental pro forma information as if the acquisition of Getrag had occurred on January 1, 2015.


	December 31, 2015

Sales	$	34,150
Net income attributable to Magna International Inc.	$	1,992