Annual report pursuant to Section 13 and 15(d)

DIVESTITURES AND ACQUISITIONS (Tables)

v2.4.0.6
DIVESTITURES AND ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2011
DIVESTITURES AND ACQUISITIONS  
Total consideration for remaining interest in Cummins Western Canada

 

 

In millions
    
  

Borrowings under credit revolver

   $ 44  

Capital contributed by Cummins Inc. 

     10  

Capital contributed by new principal, as described below

     8  

Funded from first quarter operations

     9  
       

Total consideration

   $ 71  
       
Purchase price allocation

 

 

In millions
    
  

Accounts receivable

   $ 31  

Inventory

     48  

Fixed assets

     45  

Intangible assets

     11  

Goodwill

     2  

Other assets

     2  

Current liabilities

     (42 )
       

Total purchase price

     97  

Fair value of pre-existing 30 percent interest

     (26 )
       

Consideration given

   $ 71