Acquisitions (Tables)

3 Months Ended

Apr. 02, 2021

Business Combinations [Abstract]

Fair Values Of The Assets Acquired And Liabilities Assumed

The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the three-month period ended April 2, 2021 ($ in millions):

Trade accounts receivable	$	3
Inventories	18
Property, plant and equipment	1
Goodwill	333
Other intangible assets, primarily technology, customer relationships and trade names	121
Trade accounts payable	(3)
Deferred tax liabilities	(36)
Other assets and liabilities, net	(18)
Net cash consideration	$	419

Results Of Operations If Acquisition Was Consummated

The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions, except per share amounts):

	Three-Month Period Ended
	April 2, 2021		April 3, 2020
Sales	$	6,881	$	5,111
Net earnings	1,740		516
Diluted net earnings per common share (a)	2.34		0.70

(a) Diluted net earnings per common share is calculated by adding the interest accrued on the Company’s LYONs to net earnings and deducting the MCPS dividends from net earnings for the anti-dilutive MCPS shares. Refer to Note 14 for additional information.