Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS AND DIVESTITURES (Tables)

v2.4.0.8
ACQUISITIONS AND DIVESTITURES (Tables)
 12 Months Ended
Dec. 31, 2013
Cummins Rocky Mountain LLC
  
Business Acquisition  
Purchase price allocation
The final purchase price allocation as of December 31, 2013, was as follows:
 
In millions
 
Accounts receivable
$
48

Inventory
100

Fixed assets
34

Intangible assets
8

Goodwill
10

Other assets
8

Current liabilities
(41
)
Total business valuation
167

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

Hilite Germany GmbH
  
Business Acquisition  
Schedule of intangible assets by asset class, including weighted average amortization life
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
Purchase price allocation
The purchase price was allocated as follows:
In millions
 
 
Inventory
 
$
5

Fixed assets
 
5

Intangible assets
 
83

Goodwill
 
91

Liabilities
 
(8
)
Total purchase price
 
$
176