Acquisitions (Tables)

6 Months Ended

Mar. 31, 2018

Schedule Of Business Acquisition By Acquisition Fair Value Of Consideration Transferred Table

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
Non-cash consideration-fair value of shares issued	8,004
Non-cash consideration-fair value of equity awards issued	613
Total consideration transferred	$	25,017

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable

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

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 March 31, 2018, were largely allocated to the Company's new Interventional segment.



(Millions of dollars)
Cash and equivalents	$	1,467
Trade receivables	491
Inventories	975
Property, plant and equipment	554
Developed technology	10,403
Customer relationships	1,124
Other assets	542
Total identifiable assets acquired	15,555

Payables, accrued expenses and other liabilities	1,142
Short term and long-term debt	1,692
Product liability reserves	1,634
Deferred tax liabilities	1,947
Total liabilities assumed	6,416

Net identifiable assets acquired	9,139

Goodwill	15,877

Net assets acquired	$	25,017

Business Acquisition, Pro Forma Information

The following table provides the pro forma results for the three and six months ended March 31, 2018 and 2017 as if Bard had been acquired as of October 1, 2016.



	Three Months Ended March 31,				Six Months Ended March 31,
(Millions of dollars, except per share data)	2018		2017		2018			2017

Revenues	$	4,222	$	3,862	$	8,266		$	7,707

Net Income (Loss)	$	340	$	322	$	(77	)	$	920

Diluted Earnings (Loss) per Share	$	1.10	$	1.17	$	(0.61	)	$	3.07