Acquisitions and Investments (Tables)

12 Months Ended

Dec. 31, 2014

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

Summary of Acquisitions

A summary of the acquisitions follows (in millions):


	Years Ended December 31,
	2014			2013			2012
Fair value of assets acquired, net of cash acquired	$	406		$	3,329		$	3,672
Cash paid, net of cash acquired		(291	)		(2,397	)		(2,880	)

Liabilities assumed, debt issued and noncontrolling interest	$	115		$	932		$	792

Excess purchase price over fair value of net assets acquired	$	167		$	1,903		$	1,000