National Oilwell Varco 2012 Annual Report Download - page 82

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Index to Financial Statements
2010
The Company completed 12 acquisitions for an aggregate purchase price of $556 million, net of cash acquired. These acquisitions included:
The shares of Advanced Production and Loading PLC, a Norway-based designer and manufacturer of turret mooring systems and other products for Floating
Production, Storage and Offloading vessels (FPSOs) and other offshore vessels and terminals for a purchase price of approximately $500 million.
The business and assets of Ambar Lone Star Fluids Services, LLP, a U.S.-based Drilling and Completions Fluids company.
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition of the 2010 acquisitions (in millions):
Current assets, net of cash acquired $ 136
Cost in excess of billings 71
Property, plant and equipment 38
Intangible assets 299
Goodwill 298
Other assets 8
Total assets acquired 850
Current liabilities 142
Billings in excess of cost 41
Other liabilities 111
Total liabilities 294
Cash consideration, net of cash acquired $ 556
The Company allocated $299 million to intangible assets (18 year weighted-average life), comprised of: $116 million of customer relationships (15 year weighted-average
life), $59 million of trademarks (30 year weighted-average life), and $124 million of other intangible assets (15 year weighted-average life).
80