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ACQUISITION ACQUISITION (Tables)

9 Months Ended

Sep. 27, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The Hydrogenics Corporation acquisition for the nine months ended September 29, 2019 was as follows:


Entity Acquired (Dollars in millions)						Date of Acquisition						Additional Percent Interest Acquired						Payments to Former Owners												Total Purchase Consideration						Type of Acquisition⁽¹⁾												Goodwill Acquired						Intangibles Recognized⁽²⁾						Net Sales Previous Fiscal Year Ended
2019
Hydrogenics Corporation						9/09/19						81%						$	235											$	235					COMB												$	161					$	161					$	34












⁽¹⁾ The newly consolidated entity was accounted for as business combinations (COMB) and was included in the New Power segment on the date of acquisition.
⁽²⁾ Intangible assets acquired in the business combination were mostly technology and customer related, the majority of which will be amortized over a period of up to 20 years from the date of the acquisition.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The final purchase price allocation was as follows:


In millions
Inventory						$	21
Other current assets						25
Intangible assets
Technology assets						96
Customer relationships						29
In-process research and development						35
Other intangible assets						1
Goodwill						161
Other assets						18
Current liabilities						(53)
Other liabilities						(42)
Total business valuation						291
Less: Noncontrolling interest						56
Total purchase consideration						$	235