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Acquisitions (Tables)

6 Months Ended

Jun. 29, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Preliminary Allocation of Purchase Price

The following table presents the preliminary purchase price allocation at estimated fair values as of the date of acquisition:

(in millions)
Assets acquired:
Cash and cash equivalents			$	47
Accounts receivable			49
Inventories			250
Other current assets			32
Property, plant and equipment			63
Goodwill (1)			393
Intangible assets			770
Other assets			69
Total assets acquired			1,673
Liabilities assumed:
Accounts payable			48
Accrued liabilities			73
Other liabilities			147
Total liabilities assumed			268
Net assets acquired			$	1,405

(1) Goodwill from this acquisition is partially deductible for tax purposes.

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- References

No definition available.

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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
-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

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