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Acquisitions (Tables) - Measurement Specialties
9 Months Ended
Jun. 26, 2015
Business acquisition information  
Allocation of purchase price to the fair value of identifiable assets acquired and liabilities assumed

 

                                                                                                                                                                                    

 

 

(in millions)

 

Cash and cash equivalents

 

$

37

 

Accounts receivable

 

 

84

 

Inventories

 

 

110

 

Other current assets

 

 

20

 

Property, plant, and equipment

 

 

95

 

Goodwill

 

 

1,066

 

Intangible assets

 

 

547

 

Other non-current assets

 

 

9

 

​  

​  

Total assets acquired

 

 

1,968

 

​  

​  

Current maturities of long-term debt

 

 

20

 

Accounts payable

 

 

48

 

Other current liabilities

 

 

66

 

Long-term debt

 

 

203

 

Deferred income taxes

 

 

101

 

Other non-current liabilities

 

 

9

 

​  

​  

Total liabilities assumed

 

 

447

 

​  

​  

Net assets acquired

 

 

1,521

 

Cash and cash equivalents acquired

 

 

(37

)

​  

​  

Net cash paid

 

$

1,484

 

​  

​  

​  

​  

 

 

 

Intangible assets acquired

 

                                                                                                                                                                                    

 

 

Amount

 

Weighted-Average
Amortization
Period

 

 

 

(in millions)

 

(in years)

 

Customer relationships

 

$

370 

 

 

18 

 

Developed technology

 

 

161 

 

 

 

Trade names and trademarks

 

 

 

 

 

Customer order backlog

 

 

12 

 

 

<1

 

​  

​  

Total

 

$

547 

 

 

15 

 

​  

​  

​  

​  

 

Pro forma financial information

 

                                                                                                                                                                                    

 

 

Pro Forma for the
Quarters Ended

 

Pro Forma for the
Nine Months Ended

 

 

 

June 26,
2015

 

June 27,
2014

 

June 26,
2015

 

June 27,
2014

 

 

 

(in millions, except per share data)

 

Net sales

 

$

3,118 

 

$

3,189 

 

$

9,268 

 

$

9,224 

 

Net income attributable to TE Connectivity Ltd. 

 

 

309 

 

 

395 

 

 

1,404 

 

 

1,091 

 

Diluted earnings per share attributable to TE Connectivity Ltd. 

 

$

0.75 

 

$

0.95 

 

$

3.40 

 

$

2.62