Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2022

Summary of Preliminary Purchase Price Allocation

The following table summarizes the preliminary purchase price allocation of the fair value of net tangible and intangible assets acquired and liabilities assumed:

	As of October 1, 2021
Cash and cash equivalents	$	3
Accounts receivable		46
Inventories		86
Other current assets		2
Property, plant and equipment		126
Operating lease right-of-use assets		31
Goodwill		66
Customer relationships		56
Trademarks		34
Deferred income taxes		8
Assets acquired	$	458
Accounts payable	$	17
Current portion of long-term debt		1
Current portion of operating lease liabilities		3
Accrued and other current liabilities		26
Long-term debt		1
Long-term operating lease liabilities		25
Long-term employee benefit obligations		6
Other noncurrent liabilities		1
Liabilities assumed	$	80
Total purchase price	$	378

Disposal Group, Held-for-sale, Not Discontinued Operations | Beverage Merchandising Asia

Carrying Amount of Major Classes of Assets and Liabilities

The carrying amounts of the major classes of Beverage Merchandising Asia’s assets and liabilities as of March 31, 2022 and December 31, 2021 comprised the following:

	As of March 31, 2022		As of December 31, 2021
Cash and cash equivalents	$	19	$	17
Accounts receivable		22		27
Inventories		23		23
Other current assets		2		3
Property, plant and equipment		47		48
Goodwill		14		14
Deferred income taxes		3		3
Other noncurrent assets		4		4
Total current assets held for sale	$	134	$	139
Accounts payable	$	4	$	7
Income taxes payable		3		3
Accrued and other current liabilities		17		18
Long-term employee benefit obligations		1		1
Deferred income taxes		2		2
Total current liabilities held for sale	$	27	$	31