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Acquisitions (Consideration Transferred) (Details) (National Pump, USD $)
In Millions, unless otherwise specified
1 Months Ended
Apr. 30, 2014
Business Acquisition [Line Items]  
Cash consideration $ 773 [1]
Contingent consideration 76 [2]
Total purchase consideration 849 [3]
Cash consideration, cash paid 718 [1]
Cash consideration, hold back amount 55 [1]
Stock issued, excluded from purchase consideration 15
Adjusted EBITDA 12 Months Post-Closing
 
Business Acquisition [Line Items]  
Maximum payout 75
Trailing EBITDA period 12 months
Adjusted EBITDA 134
Post-closing period 12 months
Adjusted EBITDA 18 Months Post-Closing
 
Business Acquisition [Line Items]  
Maximum payout 50
Trailing EBITDA period 12 months
Adjusted EBITDA $ 161
Post-closing period 18 months
[1] Consists of cash paid of $718 and a ‘hold back’ of $55, which is subject to a final working capital true-up.
[2] Reflects the acquisition date fair value of the following additional cash consideration to be paid based on the achievement of the following financial targets:1.A maximum payout of $75 if National Pump's trailing twelve months adjusted EBITDA (as defined below in “Management’s Discussion and Analysis of Financial Condition and Results of Operations- Financial Overview”) reaches $134 twelve months post-closing; and2.An additional maximum payout of $50 if National Pump's trailing twelve months adjusted EBITDA reaches $161 eighteen months post-closing.
[3] Total purchase consideration excludes $15 of stock which was issued in connection with the acquisition and will be treated as compensation for book purposes but primarily represents deductible goodwill for income tax purposes.