v3.25.4
ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the 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
796 
Identified intangibles subject to amortization
1,114 
Other assets
7 
Total asset acquired
$2,252 
Trade accounts payable
118 
Other current liabilities
86 
Other non-current liabilities
48 
Total liabilities assumed
$252 
Net assets acquired
$2,000 
Business Combination, Intangible Asset, Acquired, Finite-Lived
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
14824 
Technology
12149 
Total definite-lived intangible assets
$1,114 
Business Combination, 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)
Year Ended December 31,
 20242023
Net sales
$5,805 $5,905 
Net income
342 420 
Basic earnings per share net income
5.11 6.21 
Diluted earnings per share net income
5.06 6.14 
The unaudited pro forma combined Net Income and Earnings per share are not presented as the initial accounting for REV Transaction is incomplete as of the date these financial statements are being issued.
(in millions)Year Ended December 31,
 20252024
Net sales$7,928 $8,135