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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2020
CLDP  
Acquisitions  
Schedule of allocation of purchase price

​

​

​

​

​

​

​

​

​

(Millions of dollars)

​

​

​

Receivables

​

$

33

Inventories

    

​

55

Other current assets

​

​

7

Property, plant and equipment

​

 

12

Intangible assets

​

​

1

Total fair value of assets acquired

​

​

108

Lines of credit

​

​

(65)

Current maturities of long-term debt

​

​

(2)

Other current liabilities

​

​

(6)

Long-term debt, less current maturities

​

​

(6)

Total fair value of liabilities assumed

​

​

(79)

Net fair value of assets acquired

​

$

29

Mimran  
Acquisitions  
Summary of purchase price based on acquisition date fair values and using the exchange rate in effect at time of acquisition

​

​

​

​

​

​

​

​

​

​

​

(Millions of dollars)

​

​

​

​

Cash payment, net of $64 million of cash acquired

    

$

264

​

Euro-denominated note payable due 2021, 3.25% interest

​

 

46

​

Contingent consideration

​

​

14

​

Total fair value of consideration at acquisition date

​

$

324

​

Schedule of allocation of purchase price

​

​

​

​

​

​

​

​

​

​

​

(Millions of dollars)

​

​

​

​

Current assets

    

$

83

​

Property, plant and equipment

​

 

91

​

Intangible assets

​

​

78

​

Goodwill

​

​

148

​

Other long-term assets

​

​

4

​

Total fair value of assets acquired

​

​

404

​

Current liabilities

​

​

(38)

​

Other long-term liabilities

​

​

(38)

​

Total fair value of liabilities assumed

​

​

(76)

​

Less: Noncontrolling interest

​

​

(4)

​

Net fair value of assets acquired

​

$

324

​