ACQUISITION OF BUSINESSES (Tables)

6 Months Ended

Dec. 31, 2016

ACQUISITION OF BUSINESSES

Summary of calculation and allocation of purchase price

(In millions, unaudited)
Cash	$	28
Accounts receivable(1)	40
Inventory	105
Other current assets	3
Property, plant and equipment	8
Intangible assets	858
Goodwill	613
Total assets acquired	1,655
Accounts payable	56
Other accrued liabilities	15
Deferred income taxes	100
Total liabilities assumed	171
Total purchase price	$	1,484

⁽¹⁾ Represents the gross amount of trade receivables of $44 million, net of estimated customer deductions of $4 million.