Acquisitions (Tables)

6 Months Ended

Jul. 01, 2022

Business Combination and Asset Acquisition [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 six-month period ended July 1, 2022 ($ in millions):

Goodwill	$	44
Other intangible assets, primarily technology and customer relationships	35
Deferred tax liabilities	(4)
Other assets and liabilities, net	2
Net cash consideration	$	77

Pro Forma Financial Information

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 1, 2022		July 2, 2021		July 1, 2022		July 2, 2021
Sales	$	7,751	$	7,320	$	15,440	$	14,287
Net earnings from continuing operations	1,679		1,638		3,404		3,265
Diluted net earnings per common share from continuing operations (a)	2.25		2.20		4.56		4.38

(a) Diluted net earnings per common share from continuing operations is calculated by deducting the Mandatory Convertible Preferred Stock (“MCPS”) dividends from net earnings from continuing operations for the anti-dilutive MCPS shares (refer to Note 4 for additional information).