Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes fair values of assets acquired and liabilities assumed as of the February 19, 2016 acquisition date:

Cash	$	86
Accounts receivable, net	55
Other current assets	36
Property, plant and equipment, net	245
Deferred income taxes	82
Accounts payable	(18		)
Accrued liabilities	(181		)
Other liabilities	(289		)
Goodwill	191
Intangible assets	875
Total consideration	$	1,082
Net present value of deferred consideration payment to former owners	(82		)
Net cash consideration at purchase	$	1,000

Schedule of Pro Forma Financial Information

The following table presents the unaudited pro forma combined results of operations of the Company and GDCL for the years ended December 31, 2016 and December 31, 2015 as if the acquisition of GDCL had occurred on January 1, 2016 and January 1, 2015, respectively, (in millions, except per share amounts):

Years ended December 31	2016		2015
Revenues	$	6,109	$	6,239
Earnings from continuing operations	586		(166		)
Basic earnings per share from continuing operations	3.46		(0.83		)
Diluted earnings per share from continuing operations	3.39		(0.82		)

Intangible Assets

Amortized intangible assets are comprised of the following:

	2016				2015
December 31	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Intangible assets:
Completed technology	$	116	$	38	$	60	$	32
Patents	8		6		8		5
Customer-related	810		101		23		10
Other intangibles	49		17		20		15
	$	983	$	162	$	111	$	62

Amortized Intangible Assets, Excluding Goodwill, By Business Segment

Amortized intangible assets, excluding goodwill, were comprised of the following by segment:

	2016				2015
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Products	$	178	$	63	$	89	$	60
Services	805		99		22		2
	$	983	$	162	$	111	$	62

Goodwill

The following table displays a rollforward of the carrying amount of goodwill by segment from January 1, 2015 to December 31, 2016:

	Products		Services			Total
Balance as of January 1, 2015
Aggregate goodwill	$	264	$	119		$	383
Accumulated impairment losses	—		—			—
Goodwill, net of impairment losses	$	264	$	119		$	383
Goodwill acquired	6		31			37
Balance as of December 31, 2015
Aggregate goodwill	270		150			420
Accumulated impairment losses	—		—			—
Goodwill, net of impairment losses	$	270	$	150		$	420
Goodwill acquired	46		291			337
Foreign currency translation	—		(29		)	(29		)
Balance as of December 31, 2016
Aggregate goodwill	316		412			728
Accumulated impairment losses	—		—			—
Goodwill, net of impairment losses	$	316	$	412		$	728