v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the preliminary purchase price allocation for the assets acquired and liabilities assumed in regard to the Company's acquisitions:
(In millions)
Cash and cash equivalents$38 
Trade and other receivables57 
Inventories55 
Property, plant and equipment7 
Right of use assets17 
Trade names and brands21 
Customer relationships288 
Other intangible assets20 
Trade and other payables(56)
Lease liabilities(17)
Deferred tax(43)
Total387 
Goodwill251 
Consideration$638 
Satisfied by:
Cash$621 
Deferred & other consideration17 
Total consideration$638 
Schedule of Businesses Acquired
The net outflow of cash related to business acquisitions is as follows:  
Six months ended
(In millions)June 30, 2026
Purchase consideration$621 
Cash, cash equivalents and bank overdrafts acquired(38)
Cash consideration paid, net of cash acquired583 
Deferred and contingent consideration(1)
7 
Net cash outflow in respect of the purchase of businesses$590 
(1) Included in other financing activities in the Condensed Consolidated Statements of Cash Flows.
Schedule of Business Acquisition, Pro Forma Information
If each acquisition had been completed on the first day of the prior year, the Company’s unaudited pro forma net sales would have been:
Three months endedSix months ended
June 30,June 30,
(In millions)2026202520262025
Pro forma net sales$8,788 $8,458 $16,354 $15,767