Acquisition (Tables)

9 Months Ended

Sep. 27, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [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 nine-month period ended September 27, 2024 ($ in millions):

Trade accounts receivable	$	40
Inventories	1
Property, plant and equipment	2
Goodwill	280
Other intangible assets, primarily technology and customer relationships	411
Deferred tax liabilities	(64)
Other assets and liabilities, net	5
Net assets acquired	675
Less: noncash consideration	(150)
Net cash consideration	$	525

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				Nine-Month Period Ended
	September 27, 2024		September 29, 2023		September 27, 2024		September 29, 2023
Sales	$	5,798	$	5,770	$	17,376	$	17,913
Net earnings from continuing operations	818		896		2,837		2,883
Diluted net earnings per common share from continuing operations(a)	1.12		1.20		3.83		3.86

(a) Diluted net earnings per common share from continuing operations for the nine-month period ended September 29, 2023 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).