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Business Acquisitions (Tables)
9 Months Ended
Sep. 27, 2014
Business Acquisitions  
Schedule of allocation of the purchase price

 

 

(In millions)

 

 

 

Accounts receivable

 

$

118

 

Inventories

 

770

 

Other current assets

 

175

 

Property, plant and equipment

 

258

 

Intangible assets

 

581

 

Goodwill

 

226

 

Other assets

 

171

 

Accounts payable

 

(143

)

Accrued liabilities

 

(282

)

Other liabilities

 

(396

)

Total net assets acquired

 

$

1,478

 

 

Schedule of pro-forma consolidated financial information

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

(In millions, except per share amounts)

 

September 27,
2014

 

September 28,
2013

 

September 27,
2014

 

September 28,
2013

 

Revenues

 

$

3,430

 

$

3,308

 

$

10,145

 

$

9,907

 

Income from continuing operations, net of income taxes

 

169

 

78

 

462

 

279

 

Diluted earnings per share from continuing operations

 

$

0.60

 

$

0.28

 

$

1.64

 

$

0.98