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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
Acquisitions [Abstract]  
Preliminary Purchase Price Allocation

(In millions)

Current assets(1)

$

11

Property and equipment

6

Goodwill

127

Identifiable intangible assets(2)

94

Current liabilities(3)

(18)

Long-term liabilities(4)

(22)

Total purchase price

$

198

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(1)Primarily trade receivables and net of approximately $9 million of cash acquired.

(2)Primarily customer lists.

(3)Primarily advanced collections from customers.

(4)Includes $20 million of deferred tax liabilities recognized as a result of tax basis differences in intangible assets.

Summary Of Pro Forma Consolidated Financial Information

(Unaudited)

Year ended December 31,

(In millions, except per share data)

2019

2018

Consolidated revenue

$

2,112

$

1,950

Consolidated net income (loss)

$

137

$

(42)

Basic earnings (loss) per share

$

1.01

$

(0.31)

Diluted earnings (loss) per share

$

1.00

$

(0.31)

Schedule Of Acquired Finite-Lived Intangible Assets By Major Class

Other

(In millions)

Goodwill

Trade Names(1)

Intangible Assets(2)

Balance as of December 31, 2018

$

179

$

$

80

Measurement period adjustments

(2)

13

(13)

Balance as of December 31, 2019

$

177

$

13

$

67

___________________________________

(1)Not subject to amortization.

(2)Primarily customer lists.

Schedule Of Supplemental Cash Flow Information Regarding Acquisitions

Year Ended December 31,

(In millions)

2019

2018

2017

Assets acquired

$

599

$

284

$

16

Liabilities assumed

(56)

(30)

Net assets acquired(1)

$

542

$

254

$

16

Net cash paid

$

504

$

191

$

13

Seller financed debt

38

64

3

Purchase price

$

542

$

254

$

16



___________________________________

(1)Includes approximately $21 million and $15 million of deferred tax liabilities in the years ended December 31, 2019 and 2018, respectively, as a result of tax basis differences in intangible assets.