Acquisitions (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The purchase consideration and related provisional allocation to the acquisition date fair values of the assets acquired and liabilities assumed are presented in the following table:



Purchase consideration paid at closing	$	626
Less purchase consideration to be recovered for indemnified matters	(4		)
Total purchase consideration	$	622

Cash and cash equivalents	$	76
Accounts receivable - Trade	150
Accounts receivable - Other	15
Inventories	202
Other current assets	16
Goodwill	126
Deferred tax assets	37
Other noncurrent assets	28
Investments in affiliates	7
Property, plant and equipment	345
Current portion of long-term debt	(2		)
Accounts payable	(151		)
Accrued payroll and employee benefits	(33		)
Other accrued liabilities	(48		)
Long-term debt	(8		)
Pension and postretirement obligations	(47		)
Other noncurrent liabilities	(83		)
Noncontrolling interests	(8		)
Total purchase consideration allocation	$	622

The purchase consideration and the related allocation to the acquisition date fair values of the assets acquired and liabilities assumed are presented in the following table:



Total purchase consideration	$	125

Cash and cash equivalents	$	3
Accounts receivable - Trade	3
Accounts receivable - Other	1
Inventories	4
Goodwill	148
Intangibles	24
Investments in affiliates	49
Property, plant and equipment	5
Accounts payable	(2		)
Accrued payroll and employee benefits	(1		)
Other accrued liabilities	(7		)
Redeemable noncontrolling interest	(102		)
Total purchase consideration allocation	$	125

The purchase consideration and the related provisional allocation to the acquisition date fair values of the assets acquired and liabilities assumed are presented in the following table:



Total purchase consideration	$	88

Accounts receivable - Trade	4
Accounts receivable - Other	1
Inventories	8
Goodwill	68
Intangibles	24
Other noncurrent assets	1
Property, plant and equipment	5
Short-term debt	(8		)
Accounts payable	(6		)
Accrued payroll and employee benefits	(1		)
Other accrued liabilities	(1		)
Other noncurrent liabilities	(7		)
Total purchase consideration allocation	$	88

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma information has been prepared as if the ODS acquisition and the related debt financing had occurred on January 1, 2018.



	Three Months Ended March 31,
	2019		2018
Net sales	$	2,308	$	2,360
Net income	$	126	$	89