Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

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	$	50
Fair value of previously held equity method investment	45
Total purchase consideration	$	95
Cash and cash equivalents	$	2
Accounts receivable - Trade	17
Inventories	9
Goodwill	63
Intangibles	10
Property, plant and equipment	2
Accounts payable	(4		)
Other accrued liabilities	(3		)
Other noncurrent liabilities	(1		)
Total purchase consideration allocation	$	95

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	$	201
Cash and cash equivalents	$	75
Accounts receivable - Trade	78
Accounts receivable - Other	18
Inventories	134
Other current assets	9
Goodwill	20
Intangibles	41
Deferred tax assets	3
Other noncurrent assets	4
Property, plant and equipment	174
Notes payable, including current portion of long-term debt	(130		)
Accounts payable	(51		)
Accrued payroll and employee benefits	(14		)
Taxes on income	(1		)
Other accrued liabilities	(19		)
Long-term debt	(51		)
Pension and postretirement obligations	(11		)
Other noncurrent liabilities	(22		)
Redeemable noncontrolling interest	(44		)
Noncontrolling interests	(12		)
Total purchase consideration allocation	$	201

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
Investment 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 related 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	(11		)
Total purchase consideration	$	615
Cash and cash equivalents	$	76
Accounts receivable - Trade	150
Accounts receivable - Other	15
Inventories	190
Other current assets	16
Goodwill	92
Intangibles	58
Deferred tax assets	27
Other noncurrent assets	1
Investments in affiliates	7
Operating lease assets	4
Property, plant and equipment	333
Current portion of long-term debt	(2		)
Accounts payable	(151		)
Accrued payroll and employee benefits	(37		)
Current portion of operating lease liabilities	(1		)
Taxes on income	(5		)
Other accrued liabilities	(61		)
Long-term debt	(8		)
Pension and postretirement obligations	(49		)
Noncurrent operating lease liabilities	(2		)
Other noncurrent liabilities	(30		)
Noncontrolling interests	(8		)
Total purchase consideration allocation	$	615

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	$	88
Accounts receivable - Trade	$	4
Accounts receivable - Other	1
Inventories	8
Goodwill	68
Intangibles	24
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	(6		)
Total purchase consideration allocation	$	88

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	$	78
Accounts receivable - Trade	$	17
Accounts receivable - Other	3
Inventories	9
Goodwill	3
Intangibles	33
Property, plant and equipment	50
Accounts payable	(34		)
Accrued payroll and employee benefits	(2		)
Other accrued liabilities	(1		)
Total purchase consideration allocation	$	78

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.

	2019		2018
Net sales	$	8,765	$	9,013
Net income	$	273	$	425