Acquisitions (Tables)

6 Months Ended

Jul. 02, 2021

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 six-month period ended July 2, 2021 ($ in millions):


Trade accounts receivable	$	16
Inventories	26
Property, plant and equipment	11
Goodwill	808
Other intangible assets, primarily technology, customer relationships and trade names	348

Trade accounts payable	(8)

Deferred tax liabilities	(83)
Other assets and liabilities, net	(40)



Fair value of net assets acquired	1,078
Less: noncash consideration	(13)
Net cash consideration	$	1,065

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				Six-Month Period Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Sales	$	7,227	$	5,345	$	14,118	$	10,465
Net earnings from continuing operations	1,697		553		3,430		1,061
Diluted net earnings per common share from continuing operations (a)	2.28		0.72		4.61		1.41

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