ACQUISITIONS AND OTHER ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date for the company’s acquisition of Claris:

(in millions)
Assets acquired and liabilities assumed
Cash	$	11
Accounts and other current receivables		16
Inventories		30
Prepaid expenses and other		16
Property, plant and equipment		132
Goodwill		291
Other intangible assets		280
Other		20
Accounts payable and accrued liabilities		(22	)
Other long-term liabilities		(134	)
Total assets acquired and liabilities assumed	$	640

Schedule of Total Consideration

The following table summarizes total consideration:

(in millions)
Cash	$	148
Contingent consideration		14
Total consideration	$	162

Summary of Fair Value of Assets Acquired

The following table summarizes the fair value of the assets acquired as of the acquisition date.

(in millions)
Assets acquired
Accounts receivable	$	2
Inventory		39
Goodwill		13
Other intangible assets		108
Total assets acquired	$	162