Annual report pursuant to Section 13 and 15(d)


12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
The acquisition for the year ended December 31, 2019, was as follows:
Entity Acquired (Dollars in millions) Date of Acquisition  Percent Interest Acquired Payments to Former Owners Acquisition Related Debt Retirements
Total Purchase Consideration(1)
Goodwill Recognized
Intangibles Recognized(2)
Net Sales Previous Fiscal Year Ended
Hydrogenics Corporation 9/09/19 81% $ 235  $ —  $ 235  $ 161  $ 161  $ 34 
(1) All results from the acquired entity were included in segment results subsequent to the acquisition date, and the acquisition was accounted for as a business combination and included in the New Power segment on the date of acquisition.
(2) Intangible assets acquired in the business combination were mostly customer and technology related, the majority of which will be amortized over a period of up to 20 years from the date of the acquisition.
No material acquisitions occurred during the years ended December 31, 2021 or 2020.