v3.25.2
Acquisitions (Tables) - Richards Manufacturing Co.
9 Months Ended
Jun. 27, 2025
Business acquisition information  
Allocation of purchase price to the fair value of identifiable assets acquired and liabilities assumed

    

(in millions)

    

Cash and cash equivalents

$

41

Accounts receivable

47

Inventories

167

Other current assets

 

6

Property, plant, and equipment

62

Goodwill

 

1,142

Intangible assets

1,120

Other noncurrent assets

 

4

Total assets acquired

 

2,589

Accounts payable

18

Other current liabilities

15

Deferred income taxes

 

204

Other noncurrent liabilities

 

4

Total liabilities assumed

 

241

Net assets acquired

 

2,348

Cash and cash equivalents acquired

 

(41)

Net cash paid

$

2,307

Acquired intangible assets

Weighted-Average

Amortization

    

Amount

    

Period

    

(in millions)

(in years)

Customer relationships

$

1,000

20

Developed technology

 

90

16

Trade names and trademarks

 

30

10

Total

$

1,120

19

Pro forma financial information

Pro Forma for the

Pro Forma for the

Quarters Ended

Nine Months Ended

June 27,

June 28,

June 27,

June 28,

2025

  

2024

2025

  

2024

(in millions, except per share data)

Net sales

$

4,534

$

4,077

$

12,695

$

12,030

Net income

650

 

575

1,182

 

2,887

Diluted earnings per share

$

2.18

$

1.87

$

3.94

$

9.31