Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

CLDP

Acquisitions

Schedule of allocation of purchase price

(Millions of dollars)
Receivables	$	33
Inventories		55
Other current assets		7
Property, plant and equipment		12
Intangible assets		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

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