v3.24.2

BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2024

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

Schedule of Purchase Price Allocation

The purchase price allocation as of June 30, 2024 is as follows:

In millions			Amounts Recognized as of Acquisition Date (as adjusted)
Purchase Price			$	262
Cash & Cash Equivalents			3
Receivables, Net			19
Inventories, Net			17
Property, Plant and Equipment			30
Intangible Assets(a)			161
Other Assets			15
Total Assets Acquired			245
Current Liabilities			11
Other Noncurrent Liabilities			12
Total Liabilities Assumed			23
Net Assets Acquired			222
Goodwill			40
Purchase Consideration Transferred			$	262

(a) Intangible Assets primarily consists of Customer Relationships with a weighted average life of approximately 15 years.

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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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