Acquisitions and Investments (Tables)

12 Months Ended

Dec. 31, 2013

Estimated Fair Values of Assets Acquired and Liabilities Assumed

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


Current assets, net of cash acquired	$	428
Property, plant and equipment		250
Intangible assets		894
Goodwill		1,590
Other assets		49

Total assets acquired		3,211

Current liabilities		186
Deferred taxes		524
Other liabilities		123

Total liabilities		833

Cash consideration, net of cash acquired	$	2,378

Estimated Fair Values of Assets Acquired and Liabilities

The following table displays the total purchase price allocation for the 2012 acquisitions and summarizes the 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 displays the total purchase price allocation for the 2011 acquisitions and summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition (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

Summary of Acquisitions

A summary of the acquisitions follows (in millions):


	Years Ended December 31,
	2013			2012			2011
Fair value of assets acquired, net of cash acquired	$	3,329		$	3,672		$	1,517
Cash paid, net of cash acquired		(2,397	)		(2,880	)		(1,038	)

Liabilities assumed, debt issued and minority interest	$	932		$	792		$	479

Excess purchase price over fair value of net assets acquired	$	1,903		$	1,000		$	377