Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DIVESTITURES (Tables)

v2.4.0.8
ACQUISITIONS AND DIVESTITURES (Tables)
6 Months Ended
Jun. 29, 2014
Cummins Mid-South LLC
 
Business Acquisition  
Schedule of purchase price allocation
The final purchase price allocation as of June 29, 2014, was as follows:
In millions
 
Accounts receivable
$
71

Inventory
70

Fixed assets
37

Intangible assets
8

Goodwill
4

Other current assets
10

Current liabilities
(43
)
Other long-term liability
(4
)
Total business valuation
153

Fair value of pre-existing 37.8 percent interest
(35
)
Purchase price
$
118

Cummins Southern Plains LLC
 
Business Acquisition  
Schedule of purchase price allocation
The final purchase price allocation as of June 29, 2014, was as follows:
In millions
 
Accounts receivable
$
63

Inventory
59

Fixed assets
47

Intangible assets
11

Other current assets
9

Current liabilities
(53
)
Total business valuation
136

Fair value of pre-existing 50 percent interest
(44
)
Purchase price
$
92

Cummins Rocky Mountain LLC
 
Business Acquisition  
Schedule of 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 current assets
8

Current liabilities
(41
)
Total business valuation
167

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