Acquisitions And Divestitures (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary purchase price and related allocation to the acquired net assets of Wind River based on their estimated fair values is shown below (in millions):

Assets acquired and liabilities assumed


Purchase price, cash consideration, net of cash acquired (1)	$	3,519



Accounts receivable, net	$	91
Contract assets	67
Property, plant and equipment	14
Intangible assets	1,490
Contract liabilities	(101)
Accrued liabilities	(62)
Deferred tax liabilities	(287)
Other assets, net	5
Identifiable net assets acquired	1,217
Goodwill resulting from purchase	2,302
Total purchase price allocation	$	3,519

(1)Approximately $35 million of the cash consideration was unpaid as of December 31, 2022 and was therefore not recognized as a cash outflow from investing activities for the year ended December 31, 2022. This amount is expected to be paid during the first quarter of 2023.

The preliminary purchase price and related allocation to the acquired net assets of Intercable Automotive based on their estimated fair values is shown below (in millions):

Assets acquired and liabilities assumed


Purchase price, cash consideration, net of cash acquired	$	606


Inventory	$	77
Property, plant and equipment	77
Intangible assets	285
Deferred tax liabilities	(82)
Other liabilities, net	(13)
Identifiable net assets acquired	344
Goodwill resulting from purchase	357
Total	701
Less: redeemable noncontrolling interest	(95)
Total purchase price allocation	$	606

The final purchase price and related allocation to the acquired net assets of El-Com based on their estimated fair values is shown below (in millions):Assets acquired and liabilities assumed


Purchase price, cash consideration, net of cash acquired	$	78
Purchase price, fair value of contingent consideration	10
Total consideration, net of cash acquired	$	88


Intangible assets	$	35
Other assets, net	10
Identifiable net assets acquired	45
Goodwill resulting from purchase	43
Total purchase price allocation	$	88

The purchase price and related allocation were finalized in the second quarter of 2022. The final purchase price and related allocation to the acquired net assets of Ulti-Mate based on their estimated fair values is shown below (in millions):Assets acquired and liabilities assumed


Purchase price, cash consideration, net of cash acquired	$	45


Intangible assets	$	17
Other assets, net	5
Identifiable net assets acquired	22
Goodwill resulting from purchase	23
Total purchase price allocation	$	45

The final purchase price and related allocation to the acquired net assets of Dynawave based on their estimated fair values is shown below (in millions):

Assets acquired and liabilities assumed


Purchase price, cash consideration, net of cash acquired	$	22




Intangible assets	$	8
Other assets, net	4
Identifiable net assets acquired	12
Goodwill resulting from purchase	10
Total purchase price allocation	$	22