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Acquisitions and Sale of Businesses (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Schedule of estimated fair values of assets acquired and liabilities assumed | The allocation of the purchase price is shown in the table below (in millions):
| November 30, 2018
Total purchase price | $ | 30 |
Tangible assets acquired | 28 |
Liabilities acquired | 26 |
Net tangible assets acquired, at fair value | 2 |
Excess purchase price over net tangible assets acquired | $ | 28 |
Allocation of excess purchase price: |
Intangible assets acquired (*) | $ | 25 |
Deferred tax on intangible assets acquired (*) | (5 | )
Goodwill | 8 |
| $ | 28 |
(*) | Included in Other assets in AFG’s Balance Sheet.

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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