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v3.19.1

Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The purchase consideration and related provisional allocation to the acquisition date fair values of the assets acquired and liabilities assumed are presented in the following table:
Purchase consideration paid at closing |  | $ | 626 |
Less purchase consideration to be recovered for indemnified matters |  | (4 | )
Total purchase consideration |  | $ | 622 |
Cash and cash equivalents |  | $ | 76 |
Accounts receivable - Trade |  | 150 |
Accounts receivable - Other |  | 15 |
Inventories |  | 202 |
Other current assets |  | 16 |
Goodwill |  | 126 |
Deferred tax assets |  | 37 |
Other noncurrent assets |  | 28 |
Investments in affiliates |  | 7 |
Property, plant and equipment |  | 345 |
Current portion of long-term debt |  | (2 | )
Accounts payable |  | (151 | )
Accrued payroll and employee benefits |  | (33 | )
Other accrued liabilities |  | (48 | )
Long-term debt |  | (8 | )
Pension and postretirement obligations |  | (47 | )
Other noncurrent liabilities |  | (83 | )
Noncontrolling interests |  | (8 | )
Total purchase consideration allocation |  | $ | 622 |
The purchase consideration and the related allocation to the acquisition date fair values of the assets acquired and liabilities assumed are presented in the following table:
Total purchase consideration |  | $ | 125 |
Cash and cash equivalents |  | $ | 3 |
Accounts receivable - Trade |  | 3 |
Accounts receivable - Other |  | 1 |
Inventories |  | 4 |
Goodwill |  | 148 |
Intangibles |  | 24 |
Investments in affiliates |  | 49 |
Property, plant and equipment |  | 5 |
Accounts payable |  | (2 | )
Accrued payroll and employee benefits |  | (1 | )
Other accrued liabilities |  | (7 | )
Redeemable noncontrolling interest |  | (102 | )
Total purchase consideration allocation |  | $ | 125 |
The purchase consideration and the related provisional allocation to the acquisition date fair values of the assets acquired and liabilities assumed are presented in the following table:
Total purchase consideration |  | $ | 88 |
Accounts receivable - Trade |  | 4 |
Accounts receivable - Other |  | 1 |
Inventories |  | 8 |
Goodwill |  | 68 |
Intangibles |  | 24 |
Other noncurrent assets |  | 1 |
Property, plant and equipment |  | 5 |
Short-term debt |  | (8 | )
Accounts payable |  | (6 | )
Accrued payroll and employee benefits |  | (1 | )
Other accrued liabilities |  | (1 | )
Other noncurrent liabilities |  | (7 | )
Total purchase consideration allocation |  | $ | 88 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following unaudited pro forma information has been prepared as if the ODS acquisition and the related debt financing had occurred on January 1, 2018.
|  | Three Months Ended March 31,
|  | 2019 |  | 2018
Net sales |  | $ | 2,308 |  |  | $ | 2,360 |
Net income |  | $ | 126 |  |  | $ | 89 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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