Business Acquisition (Unaudited) Business Acquisition (Unaudited) (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The Merger date fair value of the consideration transferred totaled $7.7 billion in cash, which was comprised of the following:



$ in millions, except per share amounts	Purchase price
Shares of Orbital ATK common stock outstanding as of the Merger date	57,562,152
Cash consideration per share of Orbital ATK common stock	$	134.50
Total purchase price	$	7,742

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following preliminary purchase price allocation table presents the company’s refined estimate of the fair values of assets acquired and liabilities assumed at the Merger date:



$ in millions	As of June 6, 2018
Cash and cash equivalents	$	85
Accounts receivable, net	596
Unbilled receivables, net	1,237
Inventoried costs, net	220
Other current assets	260
Property, plant and equipment	1,509
Goodwill	6,191
Intangible assets	1,525
Deferred tax assets	(264		)
Other non-current assets	131
Total assets acquired	11,490
Trade accounts payable	(397		)
Accrued employee compensation	(158		)
Advance payments and amounts in excess of costs incurred	(222		)
Below market contracts⁽¹⁾	(151		)
Other current liabilities	(392		)
Long-term debt	(1,687		)
Pension and other post-retirement benefit plan liabilities	(607		)
Other non-current liabilities	(134		)
Total liabilities assumed	(3,748		)
Total purchase price	$	7,742


⁽¹⁾	Included in Other current liabilities.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

The following table presents a summary of purchased intangible assets and their related estimated useful lives:

Business Acquisition, Pro Forma Information [Table Text Block]

The following table presents unaudited pro forma financial information prepared in accordance with Article 11 of Regulation S-X and computed as if Orbital ATK had been included in our results as of January 1, 2017:



	Three Months Ended September 30		Nine Months Ended September 30
$ in millions, except per share amounts	2017		2018		2017
Sales	$	7,744	$	24,163	$	22,783
Net earnings	655		2,749		1,868
Basic earnings per share	3.76		15.77		10.70
Diluted earnings per share	3.74		15.69		10.64

Fair Value
(in millions)

Estimated Useful Life in Years

Customer contracts

Commercial customer relationships

Total customer-related intangible assets