Business Combinations and Divestitures (Tables)

9 Months Ended

Sep. 30, 2011

Business Combinations and Divestitures

Summary of assets acquired and liabilities assumed as of the acquisition date at estimated fair value

(Millions of dollars)	July 8, 2011
Assets
Cash	$203
Receivables – Trade & Other	693
Prepaid expenses	154
Inventories	2,305
Property, plant and equipment – net	692
Intangible assets	3,901
Goodwill	5,263
Other assets	48
Liabilities
Short-term borrowings	24
Current portion - long-term debt	16
Accounts payable	444
Accrued expenses	405
Customer advances	668
Other current liabilities	426
Long-term debt	1,514
Other liabilities	2,308
Net assets acquired	$7,454

Summary of fair value estimates of the acquired identifiable intangible assets, weighted average useful lives, and balance of accumulated amortization

(Millions of dollars)	Estimated fair value of asset /(liability)	Weighted-average useful life (in years)	Accumulated amortization
Customer relationships	$2,337	15	$36
Intellectual property	1,489	12	28
Other	75	4	4
Total	$3,901	14	$68

Schedule of estimated aggregate amortization expense

(Millions of dollars)
2011	2012	2013	2014	2015	2016	Thereafter
$75	$299	$299	$299	$290	$280	$2,291

Unaudited pro forma financial information

(Dollars in millions except per share data)	Three months ended September 30,		Nine months ended  September 30,
	2011	2010	2011	2010
Total Sales and revenues	$15,811	$12,071	$45,038	$32,194
Profit (loss)	$1,290	$825	$3,751	$1,340
Profit (loss) per common share	$1.99	$1.30	$5.82	$2.13
Profit (loss) per common share — diluted	$1.94	$1.27	$5.63	$2.07