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Acquisitions and Divestitures (Tables)
6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Purchase Price Identified Based on Fair Value of Assets Acquired and Liabilities Assumed
The following table summarizes the final accounting for assets acquired, including cash acquired of $0.2 billion, and liabilities assumed as of the close of the acquisition, as well as the fair value at the acquisition date of Yahoo’s noncontrolling interests:
(dollars in millions)
As of June 13, 2017

 
Measurement-period adjustments (1)

 
As of June 30, 2018

Cash payment to Yahoo’s equity holders
$
4,723

 
$
(50
)
 
$
4,673

Estimated liabilities to be paid
38

 

 
38

Total consideration
$
4,761

 
$
(50
)
 
$
4,711

 
 
 
 
 
 
Assets acquired:
 
 
 
 
 
Goodwill
$
874

 
$
1,270

 
$
2,144

Intangible assets subject to amortization
2,586

 
(712
)
 
1,874

Property, plant, and equipment
1,796

 
3

 
1,799

Other
1,362

 
98

 
1,460

Total assets acquired
6,618

 
659

 
7,277

 
 
 
 
 
 
Liabilities assumed:
 
 
 
 
 
Total liabilities assumed
1,824

 
692

 
2,516

 
 
 
 
 
 
Net assets acquired:
4,794

 
(33
)
 
4,761

Noncontrolling interest
(33
)
 
(17
)
 
(50
)
Total consideration
$
4,761

 
$
(50
)
 
$
4,711


(1) 
Adjustments to the fair value measurements to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. The most significant adjustments related to an increase in goodwill, a reduction in the measurement of acquired intangibles based on the final third-party valuation, and the recognition of liabilities for certain pre-acquisition contingencies.