Acquisitions/Divestitures (Tables)

3 Months Ended

Mar. 31, 2015

Business acquisition, purchase price allocation

		Amortization			Total
(Dollars in millions)		Life (in yrs.)			Acquisitions
Current assets				$	1
Fixed assets/noncurrent assets					1
Intangible assets:
	Goodwill		N/A		36
	Completed technology		5		10
	Patents/trademarks		3-5		3
Total assets acquired					51
Current liabilities					0
Noncurrent liabilities					(3)
Total liabilities assumed					(3)
Total purchase price				$	47

N/A - not applicable

Discontinued operation, summarized financial information


	Three Months Ended March 31,
(Dollars in millions)	2015		2014
Total revenue	$	339	$	248
Loss from discontinued operations, before tax	$	(105)	$	(203)
Loss on disposal, before tax		(14)		–
Total loss from discontinued operations,	$	(119)	$	(203)
before income taxes
Provision/(benefit) for income taxes		(31)		(56)
Loss from discontinued operations, net of tax	$	(88)	$	(146)

	At March 31,		At December 31,
(Dollars in millions)		2015		2014
Assets:
Accounts receivable	$	211	$	245
Inventory		361		380
Property, plant & equipment, net		–		–
Other assets		90		92
Total assets	$	662	$	717
Liabilities:
Accounts payable	$	186	$	177
Deferred income		91		87
Other liabilities		192		163
Total liabilities	$	470	$	427

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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