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Acquisitions and Investments (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
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):

 

     2013  

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   
  

 

 

 
Summary of Acquisitions

A summary of the acquisitions follows (in millions):

 

     Years Ended December 31,  
     2015      2014      2013  

Fair value of assets acquired, net of cash acquired

   $ 116       $ 406       $ 3,329   

Cash paid, net of cash acquired

     (86      (291      (2,397
  

 

 

    

 

 

    

 

 

 

Liabilities assumed, debt issued and noncontrolling interest

   $ 30       $ 115       $ 932   
  

 

 

    

 

 

    

 

 

 

Excess purchase price over fair value of net assets acquired

   $ 56       $ 167       $ 1,903