Business Combinations (Tables)

6 Months Ended

Jun. 30, 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	$	60
Accounts receivable		438
Inventories		67
Contract assets		183
Other current assets		20
Property and equipment		67
Operating lease right of use assets		154
Pension and post-retirement assets		626
Other noncurrent assets		20
Intangible assets		1,385
Goodwill		1,229
Accounts payable		(191	)
Contract liabilities		(162	)
Accrued expenses		(219	)
Finance and operating lease liabilities		(154	)
Pension and post-retirement obligations		(75	)
Deferred tax liabilities		(465	)
Other noncurrent liabilities		(84	)
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			9
Total consideration	$	39		$	40		$	34
Cash	$	3		$	2		$	2
Current assets		10			22			6
Property and equipment		1			2			2
Intangible assets, net		14			13			11
Goodwill		17			13			19
Current liabilities		(6	)		(12	)		(6	)
Net assets acquired	$	39		$	40		$	34

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
Trade names and trademarks		550
Contractual backlog		10
Total intangibles	$	1,385

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

The following pro forma consolidated financial information reflects the results of operations of the Company for the three and six months ended June 30, 2021 as if the Chubb Acquisition and related financing had occurred as of January 1, 2021, after giving effect to certain purchase accounting and financing adjustments. 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 June 30, 2021			Six Months Ended June 30, 2021
Net revenues	$	1,532		$	2,883
Net income (loss)		(12	)		(53	)