Acquisitions (Tables)

12 Months Ended

Sep. 30, 2016

2016 Acquisitions

Business acquisition information

Allocation of purchase price to the fair value of identifiable assets acquired and liabilities assumed

	(in millions)
Cash and cash equivalents	$	75
Other current assets		88
Goodwill		836
Intangible assets		530
Other non-current assets		39
Total assets acquired		1,568
Current liabilities		35
Deferred income taxes		107
Other non-current liabilities		15
Total liabilities assumed		157
Net assets acquired		1,411
Cash and cash equivalents acquired		(75	)
Net cash paid	$	1,336

Acquired intangible assets

	Amount		Weighted-Average Amortization Period
	(in millions)		(in years)
Customer relationships	$	300		18
Developed technology		170		11
Trade names and trademarks		45		25
Customer order backlog		15		3
Total	$	530		16

Measurement Specialties

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		1,064
Intangible assets		547
Other non-current assets		9
Total assets acquired		1,966
Short-term debt		20
Accounts payable		48
Other current liabilities		67
Long-term debt		203
Deferred income taxes		98
Other non-current liabilities		9
Total liabilities assumed		445
Net assets acquired		1,521
Cash and cash equivalents acquired		(37	)
Net cash paid	$	1,484

Acquired intangible assets

	Amount		Weighted-Average Amortization Period
	(in millions)		(in years)
Customer relationships	$	370		18
Developed technology		161		9
Trade names and trademarks		4		1
Customer order backlog		12		< 1
Total	$	547		15

Measurement Specialties and 2016 Acquisitions

Business acquisition information

Pro forma financial information

	Pro Forma for Fiscal
	2016		2015		2014
	(in millions, except per share data)
Net sales	$	12,471	$	12,613	$	12,429
Net income		2,038		2,448		1,744
Diluted earnings per share		5.52	$	5.96	$	4.18