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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2016
Acquisitions  
Summary of final purchase price allocations for Kerr

 

 

 

 

 

(in millions)

    

 

 

 

Working capital (excluding cash)

 

$

37

 

Property, plant and equipment

 

 

8

 

Other assets

 

 

1

 

Identifiable intangible assets

 

 

29

 

Goodwill

 

 

27

 

Total final purchase price

 

$

102

 

 

Schedule of fair values, valuation techniques and estimated remaining useful life of acquired intangible assets

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

    

Estimated 

 

 

 

Fair Value

 

Valuation Technique

 

Useful Life

 

Customer Relationships

 

$

24

 

Multi-period excess earnings method

 

15 years

 

Trade Names

 

$

4

 

Relief-from-royalty method

 

11 years

 

Noncompetition  Agreements

 

$

1

 

Income Approach

 

3 years