Quarterly report pursuant to Section 13 or 15(d)

DIVESTITURES AND ACQUISITIONS (Tables)

 v2.3.0.11
DIVESTITURES AND ACQUISITIONS (Tables)
 6 Months Ended
Jun. 26, 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