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ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2025

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

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair values of the ESG assets acquired and liabilities assumed and related deferred income taxes as of the Closing Date (in millions).

			October 8, 2024
Cash acquired			$	11
Receivables, net			131
Inventory, net			106
Prepaid and other current assets			2
Property, plant & equipment			85
Goodwill			792
Identified intangibles subject to amortization			1,114
Other assets			7
Total assets acquired			$	2,248
Trade accounts payable			118
Other current liabilities			82
Other non-current liabilities			48
Total liabilities assumed			$	248
Net assets acquired			$	2,000

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the identifiable definite-lived intangible assets acquired (in millions):

			Weighted Average Life (in years)						Gross Carrying Amount
Definite-lived intangible assets:
Trade names			15						$	141
Customer relationships			14						824
Technology			12						149
Total definite-lived intangible assets									$	1,114

Business Acquisition, Pro Forma Information

The following unaudited pro forma information has been presented as if the ESG Acquisition occurred on January 1, 2023. This information is based on historical results of operations, adjusted for acquisition accounting adjustments, and is not necessarily indicative of what the results would have been had the Company operated the business since January 1, 2023, nor does it intend to be a projection of future results.

(in millions, except per share data)			Three Months Ended
			March 31, 2024
Net sales			$	1,502
Net income			$	99
Basic earnings per share net income			$	1.47
Diluted earnings per share net income			$	1.45

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
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X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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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

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-Name Accounting Standards Codification
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