ACQUISITIONS Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Schedule of Fair Values of Assets and Liabilities Assumed

The following table summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date:

	Fair Value
Cash	$	14
Accounts receivable, net	31
Inventory, net	36
Property, plant and equipment, net	234
Goodwill	74
Other identified intangible assets	107
Accounts payable	(22		)
Accrued liabilities	(39		)
Acquired postemployment benefits	(46		)
Other net assets	1
Total identifiable net assets	$	390

Schedule of Pro Forma Results

The following proforma results for the three months ended March 31, 2016 and 2015 assume the purchase of the TRW valvetrain business occurred as of the beginning of 2015 and are inclusive of provisional purchase price adjustments. The proforma results are not necessarily indicative of the results that actually would have been obtained.

	Three Months Ended
	March 31
	2016		2015
Net sales	$	1,897	$	1,879
Net income (loss) attributable to Federal-Mogul	$	35	$	(11	)
Earnings (loss) per share attributable to Federal-Mogul - basic and diluted	$	0.21	$	(0.07	)