Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):

	November 6, 2015
Cash and cash equivalents		$      75
Receivables		1,921
Inventories		1,817
Deferred income taxes, current		72
Other current assets		36
Property, plant and equipment		654
Goodwill		2,764
Intangible assets:
Customer programs		3,127
Trademarks		816
Other noncurrent assets		502
Deferred income taxes, noncurrent		214
Total identifiable assets and goodwill		11,998
Accounts payable		(565)
Customer advances and amounts in excess of costs incurred		(1,220)
Salaries, benefits, and payroll taxes		(105)
Current portion of long-term debt		(5)
Other current liabilities		(347)
Long-term debt		(11)
Customer contractual obligations (a)		(480)
Other noncurrent liabilities		(150)
Deferred income tax liabilities, noncurrent(a)		(32)
Total liabilities assumed		(2,915)
Total consideration		$ 9,083

^(a)  Recorded in Other noncurrent liabilities on the consolidated balance sheet.

Summary of Pro Forma Financial Information

The following table presents summarized unaudited pro forma financial information as if Sikorsky had been included in our financial results for the entire years in 2015 and 2014 (in millions):

	2015		2014
Net Sales	$	50,962	$	53,023
Net Earnings from continuing operations		3,538		3,480
Basic earnings per common share from continuing operations		11.40		10.99
Diluted earnings per common share from continuing operations		11.24		10.79