XML 84 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed The asset and liability fair values of the remaining Raven business, Applied Technology Division, at the acquisition date are as follows:
November 30, 2021
(in millions)
Intangible Assets
Customer Relationship$145 
In-Process R&D165 
Developed Technology50 
Trade Names74 
Goodwill1,404 
Deferred Tax Liability and Other(137)
Schedule of depreciation recorded over the estimated useful lives
Depreciation is recorded on a straight-line basis over the estimated useful lives of the respective assets as follows:
CategoryLives
Buildings and improvements
10 — 40 years
Plant, machinery and equipment
5 — 25 years
Other equipment
3 — 10 years