Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2016

The preliminary Sensus purchase price allocation as of October 31, 2016 is shown in the following table.



(in millions)	Amount
Cash	$	56
Receivables	105
Inventories	79
Prepaid and other current assets	20
Property, plant and equipment	181
Intangible assets	787
Other long-term assets	4
Accounts payable	(69		)
Accrued and other current liabilities	(91		)
Deferred income tax liabilities	(209		)
Accrued post retirement benefits	(84		)
Other non-current accrued liabilities	(58		)
Total identifiable net assets	721

Goodwill	1,062
Non-controlling interest	(17		)
Total consideration (a)	$	1,766

Summary of Intangible Assets Acquired

The following table summarizes key information underlying identifiable intangible assets related to the Sensus acquisition:



Category	Life	Amount (in millions)
Customer and Distributor Relationships	4 - 18 years	$	558
Tradenames	10 - 25 years	98
Internally Developed Network Software	7 years	50
FCC Licenses	Indefinite lived	24
Technology	5 - 12 years	38
Other	1 - 16 years	19
Total		$	787

Pro Forma Information

The following table summarizes, on an unaudited proforma basis, the condensed combined results of operations of the Company for the years ended December 31, 2016 and 2015 assuming the acquisition of Sensus was made on January 1, 2015.



	Year Ended December 31,
(in millions)	2016		2015
Revenue	$	4,528	$	4,507
Net income	$	286	$	423