Business Combinations (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table provides certain preliminary financial information for these acquisitions:

(in millions)	September 30, 2024
Assets acquired:
Cash and cash equivalents	$	23
Accounts receivable	49
Other assets	51
Goodwill	470
Other identifiable intangibles	266
Liabilities assumed:
Other liabilities	(88)
Deferred income taxes, long-term	(37)
Net assets acquired (1)	$	734

(1) Net assets acquired includes contingent consideration and deferred purchase price of $62 million.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table provides a summary of the preliminary estimated fair value of certain intangible assets acquired:

(in millions)	Amortization Period				September 30, 2024
Other identifiable intangibles:
Customer relationships	10	-	16	years	$	222
Backlog	1	-	4	years	27
Trade names			5	years	6
Software and related assets	3	-	5	years	6
Non-compete agreements	3	-	5	years	3
Databases			5	years	2
Total Other identifiable intangibles					$	266