Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Text Block Supplement [Abstract]

Allocation of purchase price

The following table shows the impact on the consolidated balance sheet of the purchase price allocations related to the 2019 acquisitions and assigned finite-lived asset weighted average lives.

	2019 Acquisition Activity
(Millions) Asset (Liability)	M*Modal		Acelity		Total		Finite-Lived Intangible-Asset Weighted-Average Lives (Years)
Accounts receivable	$	75	$	295	$	370
Inventory	—		186		186
Other current assets	2		65		67
Property, plant, and equipment	8		147		155
Purchased finite-lived intangible assets:
Customer related intangible assets	275		1,760		2,035		18
Other technology-based intangible assets	160		1,390		1,550		10
Definite-lived tradenames	11		485		496		16
Purchased goodwill	517		2,952		3,469
Other assets	58		73		131
Accounts payable and other liabilities	(127)		(438)		(565)
Interest bearing debt	(251)		(2,322)		(2,573)
Deferred tax asset/(liability) and accrued income taxes	(24)		(288)		(312)
Net assets acquired	$	704	$	4,305	$	5,009
Supplemental information:
Cash paid	$	708	$	4,486	$	5,194
Less: Cash acquired	4		206		210
Cash paid, net of cash acquired	$	704	$	4,280	$	4,984
Consideration payable	—		25		25
Cash paid and consideration payable, net of cash acquired	$	704	$	4,305	$	5,009