Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Mimran

Acquisitions

Summary of purchase price based on acquisition date fair values and using the exchange rate in effect at time of acquisition

(Millions of dollars)
Cash payment, net of $64 million of cash acquired	$	264
Euro-denominated note payable due 2021, 3.25% interest		46
Contingent consideration		14
Total fair value of consideration at acquisition date	$	324

Schedule of allocation of purchase price

(Millions of dollars)
Current assets	$	83
Property, plant and equipment		91
Intangible assets		78
Goodwill		148
Other long-term assets		4
Total fair value of assets acquired		404
Current liabilities		(38)
Other long-term liabilities		(38)
Total fair value of liabilities assumed		(76)
Less: Noncontrolling interest		(4)
Net fair value of assets acquired	$	324

Schedule of proforma information related to acquisitions

	Year ended
(Unaudited)	December 31,
(Millions of dollars except per share amounts)	2018		2017
Net sales	$	6,643	$	6,095
Net earnings (loss)	$	(13)	$	272
Earnings (loss) per common share	$	(10.90)	$	233.45

CLDP

Acquisitions

Summary of purchase price based on acquisition date fair values and using the exchange rate in effect at time of acquisition

(Millions of dollars)
Receivables	$	33
Inventories		55
Other current assets		7
Property, plant and equipment		12
Goodwill		1
Total fair value of assets acquired		108
Lines of credit		(65)
Current maturities of long-term debt		(2)
Other current liabilities		(6)
Long-term debt, less current maturities		(6)
Total fair value of liabilities assumed		(79)
Net fair value of assets acquired	$	29