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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2011
Acquisitions 
Allocation of purchase price

 

 

 

 

First Nine Months 2011 Acquisition Activity

 

(Millions)
Asset (Liability)

 

Winterthur
Technologie AG

 

Other
Acquisitions

 

Total

 

Accounts receivable

 

$

43

 

$

40

 

$

83

 

Inventory

 

76

 

27

 

103

 

Other current assets

 

6

 

3

 

9

 

Property, plant, and equipment

 

73

 

81

 

154

 

Purchased finite-lived intangible assets

 

226

 

58

 

284

 

Purchased goodwill

 

152

 

76

 

228

 

Accounts payable and other liabilities, net of other assets

 

(76

)

(30

)

(106

)

Interest bearing debt

 

(79

)

(7

)

(86

)

Deferred tax asset/(liability)

 

(60

)

(12

)

(72

)

 

 

 

 

 

 

 

 

Net assets acquired

 

$

361

 

$

236

 

$

597

 

Noncontrolling interest

 

(56

)

 

(56

)

Net assets acquired excluding noncontrolling interest

 

$

305

 

$

236

 

$

541

 

 

 

 

 

 

 

 

 

Supplemental information:

 

 

 

 

 

 

 

Cash paid

 

$

327

 

$

240

 

$

567

 

Less: Cash acquired

 

32

 

4

 

36

 

Cash paid, net of cash acquired

 

$

295

 

$

236

 

$

531

 

Non-cash

 

10

 

 

10

 

Net assets acquired excluding noncontrolling interest

 

$

305

 

$

236

 

$

541