Acquisition Acquisitions (Tables)

3 Months Ended

Dec. 31, 2017

Schedule Of Business Acquisition By Acquisition Fair Value Of Consideration Transferred Table [Table Text Block]

The acquisition-date fair value of consideration transferred consisted of the components below. The fair value of the shares and equity awards issued as consideration was recognized as a $6.5 billion increase to Capital in excess of par value and a $2.1 billion decrease to Common stock in treasury.



(Millions of dollars)
Cash consideration	$	16,400
Noncash consideration-fair value of shares issued	8,004
Noncash consideration-fair value of equity awards issued	613
Total consideration transferred	$	25,017

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]

The acquisition-date fair value of the Company’s ordinary shares issued to Bard shareholders was calculated per the following (shares in millions):



(Millions of dollars, except per share data)
Total Bard shares outstanding	73.359
Conversion factor	0.5077
Conversion of Bard shares outstanding	37.243
Conversion of pre-acquisition equity awards	0.104
Total number of the Company's share issued	37.347
Closing price of the Company’s stock	$	214.32
Fair value of the Company’s issued shares	$	8,004

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary allocations of the purchase price below provide a reasonable basis for estimating the fair values of assets acquired and liabilities assumed. These provisional estimates will be adjusted upon the availability of further information regarding events or circumstances which existed at the acquisition date and such adjustments may be significant. The assets acquired and liabilities assumed in this acquisition, as recorded in the Company's consolidated balance sheet at December 31, 2017, will largely be allocated to the Company's new Interventional segment.



(Millions of dollars)
Cash and equivalents	$	1,467
Trade receivables	489
Inventories	1,016
Property, plant and equipment	557
Developed technology	11,738
Customer relationships	1,122
Other assets	490
Total identifiable assets acquired	16,879

Payables, accrued expenses and other liabilities	915
Short term and long-term debt	1,692
Product liability reserves	1,560
Deferred tax liabilities	2,749
Total liabilities assumed	6,916

Net identifiable assets acquired	9,963

Goodwill	15,054

Net assets acquired	$	25,017

Business Acquisition, Pro Forma Information

The following table provides the pro forma results for the three months ended December 31, 2017 and 2016 as if Bard had been acquired as of October 1, 2016.




	Three Months Ended December 31,
(Millions of dollars, except per share data)	2017			2016

Revenues	$	4,044		$	3,844

Net (Loss) Income	$	(471	)	$	508

Diluted (Loss) Earnings per Share	$	(1.76	)	$	1.85