Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DIVESTITURES (Tables)

v2.4.0.8
ACQUISITIONS AND DIVESTITURES (Tables)
 9 Months Ended
Sep. 29, 2013
Cummins Rocky Mountain LLC
  
Business Acquisition  
Schedule of purchase price allocation
The updated purchase price allocation at September 29, 2013, was as follows:
 
In millions
 
Accounts receivable
$
48

Inventory
100

Fixed assets
34

Intangible assets
8

Goodwill
9

Other assets
8

Current liabilities
(40
)
Total business valuation
167

Fair value of pre-existing 33 percent interest
(31
)
Purchase price
$
136

Hilite Germany GmbH
  
Business Acquisition  
Schedule of purchase price allocation
The purchase price allocation was as follows:

In millions
 
Inventory
$
5

Fixed assets
5

Intangible assets
83

Goodwill
91

Liabilities
(8
)
Total purchase price
$
176

Schedule of Intangible assets by asset class
Intangible assets by asset class, including weighted average amortization life, were as follows:

Dollars in millions
 
Purchase price allocation
 
Weighted average amortization life in years
Technology
 
$
52

 
10.6
Customer
 
23

 
4.5
License arrangements
 
8

 
6.0
Total intangible assets
 
$
83

 
8.5