Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2019

Acquisitions and Divestitures

Allocation of purchase price

	2019 Acquisition Activity
							Finite-Lived
							Intangible-Asset
(Millions)							Weighted-Average
Asset (Liability)	M*Modal		Acelity		Total		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
	$	704	$	4,305	$	5,009

Approximate amounts of major assets and liabilities associated with disposal groups classified as held-for-sale

	December 31,
(Millions)	2019
Inventory	$	70
Property, plant and equipment		150
Intangible assets		35