Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Blu eCigs

Fair Values of Assets Acquired and Liabilities Assumed

The fair values of the assets acquired and liabilities assumed at the date of acquisition are summarized below (in millions):

Assets acquired:
Current assets:
Accounts receivable	$	2
Inventories		15
Total current assets		17
Goodwill		64
Intangible assets		58
Total assets		139
Liabilities assumed:
Current liabilities:
Accounts and drafts payable		4
Purchase price	$	135

SKYCIG

Fair Values of Assets Acquired and Liabilities Assumed

The fair values of the assets acquired and liabilities assumed at the date of acquisition are summarized below (in millions):

Assets acquired:
Current assets:
Accounts receivable	$	2
Goodwill		38
Intangible assets		35
Total assets		75
Liabilities assumed:
Current liabilities:
Accounts and drafts payable		3
Accrued liabilities		1
Total current liabilities		4
Earn out liability		25
Purchase price	$	46