Acquisitions (Tables)

9 Months Ended

Oct. 01, 2021

Fair Values Of The Assets Acquired And Liabilities Assumed

The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the Aldevron Acquisition, and separately for all other acquisitions during the nine-month period ended October 1, 2021 ($ in millions):


	Aldevron		Others		Total
Trade accounts receivable	$	46	$	16	$	62
Inventories	93		26		119
Property, plant and equipment	142		11		153
Goodwill	6,078		821		6,899
Other intangible assets, primarily technology, customer relationships and trade names	3,514		328		3,842

Trade accounts payable	(15)		(8)		(23)

Deferred tax liabilities	(208)		(76)		(284)
Other assets and liabilities, net	(64)		(40)		(104)



Fair value of net assets acquired	9,586		1,078		10,664
Less: noncash consideration	(23)		(13)		(36)
Net cash consideration	$	9,563	$	1,065	$	10,628

Results Of Operations If Acquisition Was Consummated

The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions, except per share amounts):


	Three-Month Period Ended				Nine-Month Period Ended
	October 1, 2021		October 2, 2020		October 1, 2021		October 2, 2020
Sales	$	7,280	$	5,992	$	21,546	$	16,605
Net earnings from continuing operations	1,159		960		4,483		1,890
Diluted net earnings per common share from continuing operations (a)	1.54		1.27		6.00		2.50

(a) Diluted net earnings per common share from continuing operations is calculated by adding the interest accrued on the Company’s LYONs to net earnings from continuing operations and deducting the MCPS dividends from net earnings from continuing operations for the anti-dilutive MCPS shares (refer to Note 15 for additional information).