ACQUISITIONS AND OTHER STRATEGIC INITIATIVES (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Business Acquisitions, by Acquisition

The table below details the total consideration relating to the acquisition:


Cash paid at closing	$	700
Additional consideration paid to sellers in 2020 (1)	2
Total consideration	$	702

(1) Represents additional consideration paid to the sellers following finalization of customary post-closing completion adjustments.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Shown below is the preliminary purchase price allocation, which summarizes the fair value of the assets and liabilities assumed, at the date of acquisition:


(Amounts in millions)
Current assets			$	24
Intangible assets:
Customer relationships (25 year weighted average life)	$	174
Database (10 year weighted average life)	86
Product technology (4 year weighted average life)	17
Trade name (3 year weighted average life)	3
Total intangible assets (19 year weighted average life)			280
Goodwill			494
Other assets			2
Liabilities:
Accounts payable and accrued liabilities	$	(5)
Deferred revenue	(20)
Deferred tax liabilities	(71)
Other liabilities	(2)
Total liabilities			(98)
Net assets acquired			$	702