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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2011
Acquisitions  
Allocation of purchase price

 

 

 

 

First Six Months 2011 Acquisition Activity

 

(Millions)
Asset (Liability)

 

Winterthur
Technologie AG

 

Other
Acquisitions

 

Total

 

Accounts receivable

 

$

43

 

$

38

 

$

81

 

Inventory

 

76

 

26

 

102

 

Other current assets

 

6

 

4

 

10

 

Property, plant, and equipment

 

73

 

80

 

153

 

Purchased finite-lived intangible assets

 

226

 

35

 

261

 

Purchased goodwill

 

151

 

58

 

209

 

Accounts payable and other liabilities, net of other assets

 

(76

)

(35

)

(111

)

Interest bearing debt

 

(79

)

(7

)

(86

)

Deferred tax asset/(liability)

 

(59

)

(7

)

(66

)

 

 

 

 

 

 

 

 

Net assets acquired

 

$

361

 

$

192

 

$

553

 

Noncontrolling interest

 

(56

)

 

(56

)

Net assets acquired excluding noncontrolling interest

 

$

305

 

$

192

 

$

497

 

 

 

 

 

 

 

 

 

Supplemental information:

 

 

 

 

 

 

 

Cash paid

 

$

327

 

$

196

 

$

523

 

Less: Cash acquired

 

32

 

4

 

36

 

Cash paid, net of cash acquired

 

$

295

 

$

192

 

$

487

 

Non-cash

 

10

 

 

10

 

Net assets acquired excluding noncontrolling interest

 

$

305

 

$

192

 

$

497