Business Combinations and Asset Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

(In millions)	Stoller1		Symborg1
Assets
Cash and cash equivalents	$	97	$	—
Accounts and notes receivable	243		17
Inventories	81		10
Other current assets	9		2
Property, plant and equipment	71		3
Goodwill	383		129
Other intangible assets	645		300
Deferred income taxes	10		—
Other assets	5		1
Total assets acquired	$	1,544	$	462
Liabilities
Short-term borrowings	59		—
Accounts payable	25		13
Income taxes payable	2		—
Accrued and other current liabilities	65		4
Long-term debt	2		—
Deferred income tax liabilities	150		74
Other noncurrent obligations	21		1
Total liabilities assumed	$	324	$	92
Net assets acquired	$	1,220	$	370

1.Includes preliminary measurement period adjustments, which were not material.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible Assets	Stoller			Symborg
(in millions)	Fair Value		Weighted-Average Amortization Period (Years)	Fair Value		Weighted-Average Amortization Period (Years)
Intangible assets with finite lives:
Customer-related	$	495	13	$	—	—
Developed technology	106		13	238		12
Trademarks/ trade names	44		15	57		12
Total other intangible assets with finite lives	$	645	13	$	295	12
Intangible assets with infinite lives:
IPR&D	—		—	5		—
Total other intangible assets with indefinite lives	$	—	—	$	5	—
Total intangible assets	$	645		$	300