Acquisitions, Dispositions and Plant Closures (Tables)

6 Months Ended

Jun. 30, 2017

Acquisitions, Dispositions and Plant Closures [Abstract]

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

The preliminary purchase price allocation for the Nilit acquisition is as follows:

	As of May 3, 2017
	(In $ millions)
Cash and cash equivalents	4
Trade receivables - third party and affiliates	21
Inventories	37
Property, plant and equipment, net	36
Intangible assets (Note 7)	104
Goodwill(1) (Note 7)	136
Other assets	11
Total fair value of assets acquired	349
Trade payables - third party and affiliates	(8	)
Total debt (Note 10)	(12	)
Deferred income taxes	(26	)
Benefit obligations	(15	)
Other liabilities(2)	(45	)
Total fair value of liabilities assumed	(106	)
Net assets acquired	243

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⁽¹⁾  Goodwill consists of expected revenue and operating synergies resulting from the acquisition. None of the goodwill is deductible for income tax purposes.

⁽²⁾  Includes a $29 million acquisition payment to Nilit Group after the date of close, which was paid as of June 30, 2017.