Business Combinations and Asset Acquisitions (Tables)

3 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

(In millions)	Stoller1		Symborg1
Assets
Cash and cash equivalents	$	97	$	—
Accounts and notes receivable	249		17
Inventories	81		10
Other current assets	9		1
Property, plant and equipment	71		3
Goodwill	374		122
Other intangible assets	645		311
Deferred income taxes	10		—
Other assets	5		—
Total assets acquired	$	1,541	$	464
Liabilities
Short-term borrowings	59		—
Accounts payable	25		13
Income taxes payable	2		—
Accrued and other current liabilities	59		4
Long-term debt	2		—
Deferred income tax liabilities	153		76
Other noncurrent obligations	21		1
Total liabilities assumed	$	321	$	94
Net assets acquired	$	1,220	$	370

1.Includes preliminary measurement period adjustments, which were not material.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible Assets	Stoller			Symborg
(In millions)	Fair Value		Weighted-Average Amortization Period (Years)	Fair Value		Weighted-Average Amortization Period (Years)
Intangible assets with finite lives:
Customer-related	$	495	13	$	—	—
Developed technology	106		13	238		12
Trademarks/trade names	44		15	57		12
Total other intangible assets with finite lives	645		13	295		12
Intangible assets with indefinite lives:
IPR&D	—		—	16		—
Total other intangible assets with indefinite lives	—		—	16		—
Total other intangible assets	$	645		$	311