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Fair Value Measurements (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 29, 2017
Sep. 29, 2017
Dec. 31, 2016
Liabilities [Abstract]      
Contingent consideration $ 40 $ 40 $ 29
Contingent Consideration, Liability [Abstract]      
Balance at beginning of period 29    
Acquisitions 14    
Changes in fair value of contingent consideration, net (3)    
Balance at end of period 40    
Recurring [Member] | Level 1 [Member]      
Assets [Abstract]      
Cash equivalents [1]   91 104
Derivatives (foreign currency forward contracts) [1]   0 0
Total assets [1]   91 104
Liabilities [Abstract]      
Derivatives (foreign currency forward contracts) [1]   0 0
Contingent consideration [1],[2] 0 0 0
Total liabilities [1]   0 0
Contingent Consideration, Liability [Abstract]      
Balance at beginning of period [1],[2] 0    
Balance at end of period [1],[2] 0    
Recurring [Member] | Level 2 [Member]      
Assets [Abstract]      
Cash equivalents [3]   0 0
Derivatives (foreign currency forward contracts) [3]   16 12
Total assets [3]   16 12
Liabilities [Abstract]      
Derivatives (foreign currency forward contracts) [3]   2 6
Contingent consideration [2],[3] 0 0 0
Total liabilities [3]   2 6
Contingent Consideration, Liability [Abstract]      
Balance at beginning of period [2],[3] 0    
Balance at end of period [2],[3] 0    
Recurring [Member] | Level 3 [Member]      
Assets [Abstract]      
Cash equivalents [4]   0 0
Derivatives (foreign currency forward contracts) [4]   0 0
Total assets [4]   0 0
Liabilities [Abstract]      
Derivatives (foreign currency forward contracts) [4]   0 0
Contingent consideration [2],[4] 40 40 29
Total liabilities [4]   $ 40 $ 29
Contingent Consideration, Liability [Abstract]      
Balance at beginning of period [2],[4] 29    
Balance at end of period [2],[4] $ 40    
[1] Level 1 is based on quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Cash equivalents are primarily held in registered money market funds, which are valued using quoted market prices.
[2] The contingent consideration liability represents the future potential earn-out payments relating to the MacH and Open Water Power acquisitions. The fair value of the MacH contingent consideration liability is based on a Monte Carlo Simulation of the aggregate revenue of MacH for the three-year period ending December 31, 2019. The significant unobservable inputs used in calculating the fair value of the MacH contingent consideration include: (i) projected revenues of the MacH acquired business, (ii) company specific risk premium, which is a component of the discount rate applied to the revenue projections and (iii) volatility. The fair value of the Open Water Power contingent consideration liability is based on the Scenario-Based Method of the income approach using post-acquisition milestone achievements of Open Water Power through December 31, 2020. The significant unobservable inputs used in calculating the fair value of the Open Water Power contingent consideration include: (i) timing of achieving the milestones associated with the contingent consideration arrangement, (ii) probabilities of achieving each milestone and (iii) discount rate. The fair value of the contingent consideration for potential earn-out payments is reassessed quarterly, including an analysis of the significant inputs used in the evaluation, as well as the accretion of the present value discount. Changes are reflected within cost of sales in the consolidated statements of operations.
[3] Level 2 is based on pricing inputs other than quoted prices in active markets, which are either directly or indirectly observable. The fair value is determined using a valuation model based on observable market inputs, including quoted foreign currency forward exchange rates and consideration of non-performance risk.
[4] Level 3 is based on pricing inputs that are not observable and not corroborated by market data.