Acquisitions (Tables)

9 Months Ended

May 31, 2018

Schedule of Consideration for the Acquisition

The following table summarizes the consideration for the acquisition and the amounts of identified assets acquired and liabilities assumed at the date of the transaction (in millions).



Consideration	$	720

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	217
Inventories	149
Property, plant and equipment	11
Intangible assets	331
Trade accounts payable	(90		)
Accrued expenses and other liabilities	(1		)
Total identifiable net assets	617
Goodwill	$	103

The following table summarizes the consideration for the purchases and the preliminary amounts of identified assets acquired and liabilities assumed as of the nine months ended May 31, 2018.



Consideration	$	4,330

Identifiable assets acquired and liabilities assumed
Inventories	$	1,291
Property, plant and equipment	494
Intangible assets	2,028
Accrued expenses and other liabilities	(54		)
Deferred income taxes	5
Other non-current liabilities	(795		)
Total identifiable net assets	2,969
Goodwill	$	1,361

Schedule of Definite Lived Intangible Assets

The preliminary identified definite-lived intangible assets were as follows:



Definite-lived intangible assets	Weighted-average useful life (in years)	Amount (in millions)
Customer relationships	12	$	1,850
Favorable lease interests	6	158
Trade names and trademarks	2	20
Total		$	2,028

Schedule of Pro Forma Information

The unaudited condensed pro forma information has been prepared for comparative purposes only and is not intended to be indicative of what the Company’s results would have been had the purchases occurred at the beginning of the periods presented or results which may occur in the future.



	Three months ended May 31,				Nine months ended May 31,
(in millions)	2018		2017		2018		2017
Sales	$	34,366	$	32,496	$	102,059	$	95,378

Actual sales from acquired Rite Aid stores for the three and nine months ended May 31, 2018 included in the Consolidated Statement of Earnings are as follows:



(in millions)	Three months ended May 31, 2018		Nine months ended May 31, 2018
Sales	$	2,223	$	3,038