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Acquisitions/Divestitures (Tables)
6 Months Ended
Jun. 30, 2016
Acquisitions/Divestitures:  
Business acquisitions, purchase price allocations

 

 

 

 

 

The

 

Truven

 

 

 

 

 

Amortization

 

Weather

 

Health

 

Other

 

(Dollars in millions)

 

Life (in yrs.)

 

Company

 

Analytics

 

Acquisitions

 

Current assets

 

 

 

$

76

 

$

171

 

$

71

 

Fixed assets/noncurrent assets

 

 

 

123

 

127

 

89

 

Intangible assets:

 

 

 

 

 

 

 

 

 

Goodwill

 

N/A

 

1,717

 

1,933

 

487

 

Completed technology

 

1-7

 

160

 

338

 

75

 

Client relationships

 

3-7

 

313

 

516

 

184

 

Patents/trademarks

 

2-7

 

349

 

54

 

28

 

 

 

 

 

 

 

 

 

 

 

Total assets acquired

 

 

 

2,738

 

3,141

 

934

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

(88

)

(148

)

(46

)

Noncurrent liabilities

 

 

 

(372

)

(381

)

(64

)

 

 

 

 

 

 

 

 

 

 

Total liabilities assumed

 

 

 

(460

)

(529

)

(110

)

Bargain purchase gain

 

 

 

 

 

(40

)*

 

 

 

 

 

 

 

 

 

 

Total purchase price

 

 

 

$

2,278

 

$

2,612

 

$

784

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

N/A - not applicable

*     Bargain purchase gain relating to AT&T’s application and hosting services business was recognized in selling, general and administrative expense in the Consolidated Statement of Earnings in the three months ended March 13, 2016.

Discontinued operation, summarized financial information

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(Dollars in millions)

 

2016

 

2015

 

2016

 

2015

 

Total revenue

 

$

 

$

381

 

$

 

$

720

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from discontinued operations

 

$

(1

)

$

(74

)

$

(6

)

$

(179

)

Gain/(loss) on disposal, before tax

 

0

 

(37

)

1

 

(51

)

 

 

 

 

 

 

 

 

 

 

Total loss from discontinued operations, before income taxes

 

$

(1

)

$

(111

)

$

(5

)

$

(230

)

Provision/(benefit) for income taxes

 

0

 

(34

)

(2

)

(65

)

 

 

 

 

 

 

 

 

 

 

Loss from discontinued operations, net of tax

 

$

0

 

$

(77

)

$

(3

)

$

(165

)