Business Acquisitions (Tables)

6 Months Ended

Jun. 29, 2019

Business Combinations [Abstract]

Schedule of Preliminary Purchase Price Allocation to Assets Acquired and Liabilities Assumed

The preliminary purchase price allocation to assets acquired and liabilities assumed was as follows (in millions):

Inventory	$	14
Property, plant and equipment	10
Identifiable intangible assets	106
Other assets acquired	13
Deferred tax liabilities	(24		)
Other liabilities assumed	(12		)
Net Assets Acquired	$	107
Goodwill on acquisition	73
Total purchase consideration	$	180

The preliminary purchase price allocation to assets acquired and liabilities assumed was as follows (in millions):

Identifiable intangible assets	$	42
Other assets acquired	4
Deferred tax liabilities	(4		)
Other liabilities assumed	(10		)
Net Assets Acquired	$	32
Goodwill on acquisition	58
Total purchase consideration	$	90

Schedule of Preliminary Purchase Price Allocation to Indentifiable Intangible Assets Acquired

The preliminary purchase price allocation to identifiable intangible assets acquired was:

	Fair Value (in millions)		Useful Life (in years)
Customer and other relationships	$	79	8
Current technology	25		8
Trade Names	2		3
Total identifiable intangible assets	$	106

The preliminary purchase price allocation to identifiable intangible assets acquired was:

	Fair Value (in millions)		Useful Life (in years)
Current technology	$	40	8
Customer relationships	2		1
Total identifiable intangible assets	$	42