C. Acquisitions

Empaque

On February 18, 2015, the Company completed its acquisition of Empaque, a leading manufacturer of beverage packaging in Mexico, from Heineken N.V., in a cash transaction valued at $1.2 billion. The addition of Empaque significantly increases the Company's presence in the growing Mexican market and substantially enhances the Company's strategic position in beverage cans, both regionally and globally.

The following table summarizes the consideration transferred to acquire Empaque and the preliminary valuation of identifiable assets acquired and liabilities assumed at the acquisition date.



Fair value of consideration transferred
Cash	$	1,207
Total consideration	$	1,207

Recognized amounts of identifiable assets acquired and liabilities assumed
Receivables, net	106
Inventories	55
Prepaid expenses and other current assets	1
Intangible assets	460
Property, plant and equipment, net	294
Accounts payable and accrued liabilities	(91		)
Other non-current liabilities	(223		)
Total identifiable net assets	$	602

Goodwill	$	605

The acquired goodwill was assigned to the Company's Americas Beverage segment and is not expected to be deductible for tax purposes.

The acquired property, plant and equipment will be depreciated over the estimated remaining useful lives of the equipment in accordance with the Company's existing policies and procedures, primarily on a straight-line basis.

Intangible assets include $162 of customer relationships that will be amortized over 18 years and $298 for a long-term supply contract with Heineken affiliates that will be amortized over 15 years.

The Company has not finalized its valuation of the assets acquired and as a result has not yet finalized the determination of the fair value of assets acquired and liabilities assumed. The Company expects to finalize its purchase accounting within one year of the acquisition date.

During the three and six months ended June 30, 2015, Empaque contributed sales of approximately $173 and $248, respectively.

Mivisa

On April 23, 2014 , the Company completed its previously announced acquisition of the sole shareholder of Mivisa Envases, S.A.U. (“Mivisa”) for $733, net of $28 in cash acquired, plus $977 of debt assumed. Mivisa, based in Murcia, Spain, primarily serves the vegetable, fruit, fish and meat markets and is the largest food can producer in both the Iberian Peninsula and Morocco.

The following table summarizes the final fair value of identifiable assets and liabilities assumed at the date of the acquisition.



Fair value of consideration transferred
Cash	$	733
Total consideration	$	733

Recognized amounts of identifiable assets acquired and liabilities assumed
Receivables, net	201
Inventories	195
Prepaid expenses and other current assets	11
Intangible assets	295
Property, plant and equipment, net	318
Net assets of business to be divested	9
Accounts payable and accrued liabilities	(159		)
Debt	(977		)
Other non-current liabilities	(98		)
Total identifiable net assets	$	(205	)

Goodwill	$	938