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Acquisitions and Investments (Tables)
 12 Months Ended
Dec. 31, 2012
Estimated Fair Values of Assets Acquired and Liabilities

The following table displays the total preliminary purchase price allocation for the 2012 acquisitions and summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition (in millions):

 

Current assets, net of cash acquired

    $ 1,441   

Property, plant and equipment

      248   

Intangible assets

      981   

Goodwill

      1,000   

Other assets

      2   
  

 

 

  

Total assets acquired

      3,672   
  

 

 

  

Current liabilities

      585   

Long-term debt

      1   

Other liabilities

      206   
  

 

 

  

Total liabilities

      792   
  

 

 

  

Cash consideration, net of cash acquired

    $ 2,880   
  

 

 

  
Fair Values of Assets Acquired and Liabilities

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition of the 2011 acquisitions (in millions):

 

     Ameron      All Other
Acquisitions		      Total  

Current assets, net of cash acquired

    $ 245       $ 106       $ 351   

Property, plant and equipment

      402         41         443   

Intangible assets

      142         131         273   

Goodwill

      199         178         377   

Other assets

      59         14         73   
  

 

 

     

 

 

     

 

 

  

Total assets acquired

      1,047         470         1,517   
  

 

 

     

 

 

     

 

 

  

Current liabilities

      154         80         234   

Long-term debt

      16         —           16   

Other liabilities

      173         56         229   
  

 

 

     

 

 

     

 

 

  

Total liabilities

      343         136         479   
  

 

 

     

 

 

     

 

 

  

Cash consideration, net of cash acquired

    $ 704       $ 334       $ 1,038   
  

 

 

     

 

 

     

 

 

  
Preliminary Fair Values of Assets Acquired and Liabilities

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition of the 2010 acquisitions (in millions):

 

Current assets, net of cash acquired

    $ 136   

Cost in excess of billings

      71   

Property, plant and equipment

      38   

Intangible assets

      299   

Goodwill

      298   

Other assets

      8   
  

 

 

  

Total assets acquired

      850   
  

 

 

  

Current liabilities

      142   

Billings in excess of cost

      41   

Other liabilities

      111   
  

 

 

  

Total liabilities

      294   
  

 

 

  

Cash consideration, net of cash acquired

    $ 556   
  

 

 

  
Summary of Acquisitions

A summary of the acquisitions follows (in millions);

 

     Years Ended December 31,  
     2012     2011     2010  

Fair value of assets acquired, net of cash acquired

    $ 3,672      $ 1,517      $ 850   

Cash paid, net of cash acquired

      (2,880 )      (1,038 )      (556 ) 
  

 

 

    

 

 

    

 

 

  

Liabilities assumed, debt issued and minority interest

    $ 792      $ 479      $ 294   
  

 

 

    

 

 

    

 

 

  

Excess purchase price over fair value of net assets acquired

    $ 1,000      $ 377      $ 298