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Acquisitions and Equity Method Investments (Tables) | 9 Months Ended
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Sep. 30, 2021
Acquisitions and Equity Method Investments |
Summarizes the preliminary purchase price allocations for the PureCircle acquisition | ​
​ | ​ | ​ | ​ | ​
(in millions) |  | ​ | PureCircle | ​
Working capital (excluding cash) | ​ | $ | 68 | ​
Property, plant and equipment | ​ |  | 91 | ​
Other, net | ​ | ​ | (33) | ​
Identifiable intangible assets | ​ |  | 68 | ​
Goodwill | ​ |  | 88 | ​
Total fair value, net of cash | ​ | ​ | 282 | ​
Less: Non-redeemable non-controlling interests | ​ | ​ | 74 | ​
Total purchase price, net of cash |  | $ | 208 | ​
Schedule of fair values, valuation techniques and estimated remaining useful life of acquired intangible assets | The following table presents the fair values, valuation techniques, and estimated remaining useful life at the acquisition date for these Level 3 measurements (dollars in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | Estimated | ​
Intangible Asset | ​ | Fair Value | ​ | Valuation Technique | ​ | Useful Life | ​
Proprietary technology | ​ | $ | 32 | ​ | Relief-from-royalty method | ​ | 12 years | ​
Trade names | ​ | ​ | 18 | ​ | Relief-from-royalty method | ​ | 15 years | ​
Customer relationships | ​ | ​ | 18 | ​ | Multi-period excess earnings method | ​ | 12 years | ​

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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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=123413009&loc=d3e4845-128472 + Details
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