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Business Combinations and Asset Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition |
(In millions) | Stoller 1 | Symborg 1
Assets |  |
Cash and cash equivalents | $ | 97 |  | $ | — |
Accounts and notes receivable | 243 |  | 17 |
Inventories | 81 |  | 10 |
Other current assets | 9 |  | 2 |
Property, plant and equipment | 71 |  | 3 |
Goodwill | 383 |  | 129 |
Other intangible assets | 645 |  | 300 |
Deferred income taxes | 10 |  | — |
Other assets | 5 |  | 1 |
Total assets acquired | $ | 1,544 |  | $ | 462 |
Liabilities |  |
Short-term borrowings | 59 |  | — |
Accounts payable | 25 |  | 13 |
Income taxes payable | 2 |  | — |
Accrued and other current liabilities | 65 |  | 4 |
Long-term debt | 2 |  | — |
Deferred income tax liabilities | 150 |  | 74 |
Other noncurrent obligations | 21 |  | 1 |
Total liabilities assumed | $ | 324 |  | $ | 92 |
Net assets acquired | $ | 1,220 |  | $ | 370 |
1.Includes preliminary measurement period adjustments, which were not material.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination |
Intangible Assets | Stoller | Symborg
(in millions) | Fair Value | Weighted-Average Amortization Period (Years) | Fair Value | Weighted-Average Amortization Period (Years)
Intangible assets with finite lives: |  |  |  |
Customer-related | $ | 495 |  | 13 | $ | — |  | — |
Developed technology | 106 | 13 | 238 |  | 12
Trademarks/ trade names | 44 | 15 | 57 |  | 12
Total other intangible assets with finite lives | $ | 645 |  | 13 | $ | 295 |  | 12
Intangible assets with infinite lives: |  |  |  |
IPR&D | — |  | — |  | 5 | — |
Total other intangible assets with indefinite lives | $ | — |  | — |  | $ | 5 |  | — |
Total intangible assets | $ | 645 |  |  | $ | 300 |  |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- 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 -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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