Business Combinations (Tables)

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Summary of Preliminary Fair Value of Consideration Transferred and the Preliminary Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of the Chubb Acquisition:

Cash paid at closing	$	2,935
Other estimated adjustments		(36	)
Total consideration	$	2,899
Cash	$	60
Accounts receivable		444
Inventories		67
Contract assets		183
Other current assets		20
Property and equipment		63
Operating lease right of use assets		155
Pension and post-retirement assets		626
Other noncurrent assets		15
Intangibles		1,385
Goodwill		1,225
Accounts payable		(191	)
Contract liabilities		(162	)
Accrued expenses		(228	)
Finance and operating lease liabilities		(157	)
Pension and post-retirement obligations		(75	)
Deferred tax liabilities		(465	)
Other noncurrent liabilities		(66	)
Net assets acquired	$	2,899

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the dates of acquisition:

	Premier Fire			NAC			Other 2021 Acquisitions
Cash paid at closing	$	32		$	36		$	25
Accrued consideration		7			4			7
Total consideration	$	39		$	40		$	32
Cash	$	3		$	2		$	2
Current assets		10			22			6
Property and equipment		1			2			2
Intangible assets, net		14			14			7
Goodwill		17			12			18
Current liabilities		(6	)		(12	)		(3	)
Net assets acquired	$	39		$	40		$	32

Summary of Preliminary Fair Value of the Identifiable Intangible Assets

The following table summarizes the preliminary fair value of the identifiable intangible assets:

Customer relationships	$	825
Tradenames		550
Contractual backlog		10
Total intangibles	$	1,385

Summary of Pro Forma Consolidated Financial Information Reflects the Results of Operations

These amounts are based on financial information of the Chubb business and are not necessarily indicative of what the Company’s operating results would have been had the Chubb Acquisition and related financing taken place on January 1, 2021.

	Three Months Ended March 31, 2021
Net revenues	$	1,351
Net income (loss)		(41	)