Acquisitions & Divestitures (Tables)

6 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of business acquisitions

Acquisition	Segment	Description of Acquired Business
First Quarter
StepZen, Inc.	Software	Developer of GraphQL to help build application programming interfaces (APIs)
Asset Strategy Library (ASL) Portfolio of Uptake Technologies	Software	Library of industrial asset management data
NS1	Software	Leading provider of network automation SaaS solutions
Second Quarter
Ahana Cloud, Inc.	Software	Expert in open-source-based solutions for data analytics
Polar Security	Software	Innovator in technology that helps companies discover, continuously monitor and secure cloud and SaaS application data
Agyla SAS	Consulting	Leading provider of cloud platform engineering services in France specializing in Cloud, DevOps and Security

Business acquisition, purchase price allocation

The following table reflects the purchase price related to these acquisitions and the resulting purchase price allocations as of June 30, 2023.

(Dollars in millions)	Amortization Life (in years)	Total Acquisitions
Current assets		$	46
Property, plant and equipment/noncurrent assets		7
Intangible assets:
Goodwill	N/A	301
Client relationships	7	37
Completed technology	5-7	66
Trademarks	2-5	2
Total assets acquired		$	458
Current liabilities		26
Noncurrent liabilities		10
Total liabilities assumed		$	36
Total purchase price		$	423

N/A – not applicable