v3.25.2
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary estimated fair values of the ESG assets acquired and liabilities assumed and related deferred income taxes as of the Closing Date (in millions).
October 8, 2024
Cash acquired
$11 
Receivables, net
131 
Inventory, net
106 
Prepaid and other current assets
2 
Property, plant & equipment
85 
Goodwill
797 
Identified intangibles subject to amortization
1,114 
Other assets
7 
Total assets acquired
$2,253 
Trade accounts payable
118 
Other current liabilities
87 
Other non-current liabilities
48 
Total liabilities assumed
$253 
Net assets acquired
$2,000 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the identifiable definite-lived intangible assets acquired (in millions):
Weighted Average Life
(in years)		Gross Carrying Amount
Definite-lived intangible assets:
Trade names
15$141 
Customer relationships
14824 
Technology
12149 
Total definite-lived intangible assets
$1,114 
Business Acquisition, Pro Forma Information
The following unaudited pro forma information has been presented as if the ESG Acquisition occurred on January 1, 2023. This information is based on historical results of operations, adjusted for acquisition accounting adjustments, and is not necessarily indicative of what the results would have been had the Company operated the business since January 1, 2023, nor does it intend to be a projection of future results.
(in millions, except per share data)
Three Months EndedSix Months Ended
 June 30, 2024June 30, 2024
Net sales
$1,611 $3,113 
Net income
135 234 
Basic earnings per share net income
2.01 3.49 
Diluted earnings per share net income
1.99 3.45