Business Combinations (Tables)

12 Months Ended

Dec. 31, 2011

Business Combinations

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

	July 8, 2011
(Millions of dollars)	Initial		Revised
Assets
Cash	$	203	$	204
Receivables — Trade & Other	693		689
Prepaid expenses	154		161
Inventories	2,305		2,248
Property, plant and equipment — net	692		699
Intangible assets	3,901		3,901
Goodwill	5,263		4,616
Other assets	48		79
Liabilities
Short-term borrowings	24		24
Current portion - long-term debt	16		16
Accounts payable	444		465
Accrued expenses	405		427
Customer advances	668		668
Other current liabilities	426		78
Long-term debt	1,514		1,528
Other liabilities	2,308		1,937
Net assets acquired	$	7,454	$	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	$	75
Intellectual property	1,489		12	58
Other	75		4	10
Total	$	3,901	14	$	143

Schedule of estimated aggregate amortization expense

(Millions of dollars)

2012		2013		2014		2015		2016		Thereafter
$	299	$	299	$	299	$	290	$	280	$	2,291

Unaudited pro forma financial information

	Years ended December 31,
(Dollars in millions except per share data)	2011		2010
Total Sales and revenues	$	62,281	$	46,239
Profit (loss)	$	5,401	$	2,385
Profit (loss) per common share	$	8.37	$	3.78
Profit (loss) per common share — diluted	$	8.11	$	3.67