Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

Acquisitions [Abstract]

Schedule Of Acquired Finite-Lived Intangible Assets By Major Class

The following sets forth the adjustments made to purchase price allocations during the three months ended March 31, 2020:

					Other
(In millions)	Goodwill		Trade Names(1)		Intangible Assets(2)
Balance as of December 31, 2019	$	309	$	31	$	197
Measurement period adjustments		4		—		(4)
Balance as of March 31, 2020	$	314	$	31	$	192

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(1)Subject to amortization.

(2)Primarily customer lists.

Preliminary Purchase Price Allocation

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 as a result of tax basis differences in intangible assets.

 

Summary Of Pro Forma Consolidated Financial Information

	(Unaudited)
	Three months ended
	March 31, 2019
Consolidated revenue	$	433
Consolidated net income	$	71
Basic earnings per share	$	0.52
Diluted earnings per share	$	0.52

Schedule Of Supplemental Cash Flow Information Regarding Acquisitions

	Three Months Ended
	March 31,
(In millions)	2020		2019
Assets acquired	$	7	$	110
Liabilities assumed		—		(4)
Net assets acquired	$	7	$	106
Net cash paid	$	6	$	100
Seller financed debt		2		6
Purchase price	$	7	$	106