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Acquisitions and Divestitures (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Purchase Price Allocation
(in millions)
Amount
Cash
$
14

Receivables
23

Inventories
4

Prepaid and other current assets
2

Property, plant and equipment
22

Intangible assets
149

Other long-term assets
1

Accounts payable
(3
)
Accrued and other current liabilities
(12
)
Deferred income tax liabilities
(25
)
Other non-current accrued liabilities
(2
)
Total identifiable net assets
173

 
 
Goodwill
261

   Total consideration
$
434


Summary of Intangible Assets Acquired
Category
 
Life
 
Amount (in millions)
Customer Relationships
 
17 - 18 years
 
$
84

Technology
 
3 - 10 years
 
38

Tradenames
 
20 years
 
21

Internally Developed Software
 
3 years
 
6

Total
 
 
 
$
149


Pro Forma Information
 
(in millions)
Three Months Ended September 30, 2018
Nine Months Ended September 30, 2018
 
 
Revenue
N/A
$
3,826

 
Net income
N/A
$
321