Note 2 - Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

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

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		94
Intangibles		58
Deferred tax assets		24
Other noncurrent assets		2
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

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

Business Acquisition, Pro Forma Information [Table Text Block]

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
Net sales	$	2,164	$	6,778
Net income	$	115	$	182