Business Combinations (Tables)

6 Months Ended

Jun. 30, 2024

The following table provides certain preliminary financial information for these acquisitions:


(in millions)	June 30, 2024
Assets acquired:
Cash and cash equivalents	$	15
Accounts receivable	63
Other assets	47
Goodwill	147
Other identifiable intangibles	106
Liabilities assumed:
Other liabilities	(98)
Deferred income taxes, long-term	(14)
Net assets acquired (1)	$	266

(1) Net assets acquired includes contingent consideration and deferred purchase price of $30 million.

The following table provides a summary of the preliminary estimated fair value of certain intangible assets acquired:


(in millions)	Amortization Period				June 30, 2024
Other identifiable intangibles:
Customer relationships	10	-	13	years	$	82
Software and related assets			5	years	14
Non-compete agreements	3	-	5	years	6
Backlog			1	year	4


Total Other identifiable intangibles					$	106