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["Model Instructions"]

{"sheet":"Summary","index":1,"n_rows":63,"n_cols":18,"rows_kept":63,"cut":false,"hidden":false,"merged":[[55,8,55,9],[55,14,55,15],[0,0,0,19],[1,0,1,3],[54,8,54,11],[20,14,20,17],[4,2,4,5],[54,14,54,17]]}
["Thermo Fisher Transaction Summary"]
["($Millions, except per share data)"]
[]
[]
[null,null,"Transaction Value",null,null,null,null,null,"Form of Payment",null,null,null,null,null,"Sources & Uses"]
[]
[null,null,"Price Per Share",null,null,76,null,null,"% Stock",null,null,0,null,null,"Excess Cash",null,null,1000]
[null,null,"Target Shares Outstanding",null,null,{"$f":"'Target Assumptions'!H54","v":174.5},null,null,"% Cash",null,null,{"$f":"1-L7","v":1},null,null,"Common Shares Issued to Target Shareholders",null,null,{"$f":"F10*L7","v":0}]
[null,null,"Dilutive Effect: Stock Options/Security Conv",null,null,{"$f":"'Options-Convertibles'!G17+'Options-Convertibles'!G27+'Options-Convertibles'!N12","v":4.5867671052631573},null,null,null,null,null,null,null,null,"New Common Shares Issued",null,null,2200]
[null,null,"   Equity Consideration",null,null,{"$f":"F7*(F8+F9)","v":13610.594300000001},null,null,"Target Preannouncement Share Price",null,null,60.75,null,null,"Convertible Preferred Equity",0,null,1050]
[null,null,null,null,null,null,null,null,"Implied Purchase Price Premium",null,null,{"$f":"+IF(ISERROR(F7/L10-1),0,F7/L10-1)","v":0.25102880658436222},null,null,"Revolving Credit Facility",{"$f":"L23+(L25/10000)+(L27/10000)","v":0.04},null,0]
[null,null,"Less: Cash",null,null,{"$f":"'Target BS'!H9","v":276.3},null,null,null,"    Shares",null,"       %",null,null,"Senior Debt",{"$f":"L23+(L25/10000)+(L29/10000)","v":4.4999999999999998E-2},null,{"$f":"F10+R17-R7-R8-R9-R10-R11-R13","v":9854.5943000000007}]
[null,null,"Less: Equity in Affilates",null,null,{"$f":"'Target BS'!H24","v":0},null,null,"Current Shares Outstanding",{"$f":"'Acquirer Assumptions'!H53","v":358.1},null,{"$f":"+IF(ISERROR(J13/$J$18),0,J13/$J$18)","v":0.92621577619393614},null,null,"Subordinated Debt",0.1,null,0]
[null,null,"Plus: Total Debt",null,null,{"$f":"'Target BS'!H38","v":2260.9},null,null,"Shares Issued to Target",{"$f":"+IF(R8>0,(F7/P24)*(F8+F9)*L7,0)","v":0},null,{"$f":"+IF(ISERROR(J14/$J$18),0,J14/$J$18)","v":0},null,null,"   Total Sources",null,null,{"$f":"SUM(R7:R13)","v":14104.594300000001}]
[null,null,"Plus: Noncontrolling Interests",null,null,{"$f":"'Target BS'!H50","v":0.8},null,null,"New Common Shares Issued",{"$f":"IF(R9>0,R9/P24,0)","v":28.526970954356845},null,{"$f":"+IF(ISERROR(J15/$J$18),0,J15/$J$18)","v":7.3784223806063934E-2}]
[null,null,"Less Other Adjustments",null,null,0,null,null,"Convertible Preferred Shares",0,null,{"$f":"+IF(ISERROR(J16/$J$18),0,J16/$J$18)","v":0},null,null,"Equity Consideration",null,null,{"$f":"F10","v":13610.594300000001}]
[null,null,"   Enterprise Value",null,null,{"$f":"F10-F12-F13+F14+F15-F16","v":15595.9943},null,null,"New Warrants Issued",0,null,{"$f":"+IF(ISERROR(J17/$J$18),0,J17/$J$18)","v":0},null,null,"Transaction Expenses  ",10,null,494]
[null,null,null,null,null,null,null,null,"   Total Shares",{"$f":"SUM(J13:J17)","v":386.62697095435686},null,{"$f":"SUM(L13:L17)","v":1},null,null,"   Total Uses",null,null,{"$f":"R16+R17","v":14104.594300000001}]
[]
[]
[null,null,"Goodwill",null,null,null,null,null,"Debt",null,null,null,null,null,{"$f":"\"Performance Fundamentals - \"&('Acquirer Assumptions'!A1)&\"\"","v":"Performance Fundamentals - Thermo (Acquirer)"}]
[]
[null,null,"Target Tangible Book Value",null,null,{"$f":"'Target BS'!H51","v":4453.4000000000015},null,null,"5-Year Treasury Rate",null,null,8.9999999999999993E-3,null,null,null,"Current",null,{"$f":"'Newco BS'!X7","v":2018}]
[null,null,"Adjustments",null,null,{"$f":"'Newco BS'!I11+SUM('Newco BS'!I16:I17)","v":0},null,null,null,null,null,null,null,null,"Price per Share",77.12,null,{"$f":"+IF(ISERROR(R26/R25),0,R26/R25)","v":228.12336551425574}]
[null,null,"Adjusted Book Value",null,null,{"$f":"F23+F24","v":4453.4000000000015},null,null,"Swap Rate (Bps)",null,null,60,null,null,"Shares Outstanding",{"$f":"J13","v":358.1},null,{"$f":"J18","v":386.62697095435686}]
[null,null,"Equity Consideration",null,null,{"$f":"F10","v":13610.594300000001},null,null,null,null,null,null,null,null,"Market Capitalization",{"$f":"P24*P25","v":27616.672000000002},null,{"$f":"R28-R27","v":88198.645812690287}]
[null,null,"Goodwill",null,null,{"$f":"F26-F25","v":9157.1942999999992},null,null,"Revolving Credit Facility (Bps over Treasury)",null,null,250,null,null,"Net Debt & Preferred Equity",{"$f":"'Acquirer BS'!H38+'Acquirer BS'!H46-'Acquirer BS'!H9","v":6175.9},null,{"$f":"+IF(ISERROR('Newco BS'!X39+'Newco BS'!X47-'Newco BS'!X9),0,'Newco BS'!X39+'Newco BS'!X47-'Newco BS'!X9)","v":10028.687937160821}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enterprise Value",{"$f":"P26+P27","v":33792.572},null,{"$f":"R30*R32","v":98227.33374985111}]
[null,null,null,null,null,null,null,null,"Senior Debt (Bps over Treasury)",null,null,300]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"LTM EBITDA",{"$f":"'Acquirer IS'!H49","v":1482.0999999999997},null,{"$f":"'Newco IS'!V50","v":4308.1281694289}]
[null,null,null,null,null,null,null,null,"Senor Debt Amortization (Years)",null,null,12]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enterprise Value / LTM EBITDA",{"$f":"+IF(ISERROR(P28/P30),0,P28/P30)","v":22.80046690506714},null,{"$f":"P32","v":22.80046690506714}]
[null,null,"Transaction Exp Amortization",null,null,{"$f":"R17*F34/P17","v":9.8800000000000008},null,null,"Unsecured Debt Amortization (Years)",null,null,15]
[null,null,"% of Transaction Expenses Amortized",null,null,0.2]
[]
[]
[null,null,"SG&A Synergies",null,null,null,null,null,"Gross Margin Improvement",null,null,null,null,null,"Incremental Sales Synergy"]
[null,null,null,null,null,"$'s",null,null,null,"%",null,"$'s",null,null,null,"Margin",null,"$'s"]
[null,null,2014,null,null,10,null,null,2014,{"$f":"+IF(ISERROR(L39/('Newco IS'!M9-Summary!R39)),0,L39/('Newco IS'!M9-Summary!R39))","v":4.26740419549559E-3},null,75,null,null,{"$f":"I39","v":2014},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!J12),0,1-'Newco Assumptions'!J12)","v":0.4700985696400819},null,5]
[null,null,{"$f":"C39+1","v":2015},null,null,20,null,null,{"$f":"I39+1","v":2015},{"$f":"+IF(ISERROR(L40/('Newco IS'!P9-Summary!R40)),0,L40/('Newco IS'!P9-Summary!R40))","v":1.0559411201656025E-2},null,200,null,null,{"$f":"O39+1","v":2015},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!L12),0,1-'Newco Assumptions'!L12)","v":0.47639110624278136},null,20]
[null,null,{"$f":"C40+1","v":2016},null,null,25,null,null,{"$f":"I40+1","v":2016},{"$f":"+IF(ISERROR(L41/('Newco IS'!R9-Summary!R41)),0,L41/('Newco IS'!R9-Summary!R41))","v":1.1022821314778525E-2},null,225,null,null,{"$f":"O40+1","v":2016},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!N12),0,1-'Newco Assumptions'!N12)","v":0.47929084185395943},null,25]
[null,null,{"$f":"C41+1","v":2017},null,null,{"$f":"F41","v":25},null,null,{"$f":"I41+1","v":2017},{"$f":"+IF(ISERROR(L42/('Newco IS'!T9-Summary!R42)),0,L42/('Newco IS'!T9-Summary!R42))","v":1.0227905237348857E-2},null,{"$f":"L41","v":225},null,null,{"$f":"O41+1","v":2017},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!P12),0,1-'Newco Assumptions'!P12)","v":0.47829342593847446},null,{"$f":"R41","v":25}]
[null,null,{"$f":"C42+1","v":2018},null,null,{"$f":"F42","v":25},null,null,{"$f":"I42+1","v":2018},{"$f":"+IF(ISERROR(L43/('Newco IS'!V9-Summary!R43)),0,L43/('Newco IS'!V9-Summary!R43))","v":9.490171112375852E-3},null,{"$f":"L42","v":225},null,null,{"$f":"O42+1","v":2018},{"$f":"++IF(ISERROR(1-'Newco Assumptions'!R12),0,1-'Newco Assumptions'!R12)","v":0.47735422037416719},null,{"$f":"R42","v":25}]
[]
[]
[null,null,"Earnings per Share","Acquirer",null,"Newco",null,null,"Cash EPS","Acquirer",null,"Newco",null,null,"Accretion / (Dilution)","EPS",null,"Cash EPS"]
[]
[null,null,{"$f":"I39","v":2014},{"$f":"+IF(ISERROR('Acquirer IS'!J42),0,'Acquirer IS'!J42)","v":1.1390450388719908},null,{"$f":"+IF(ISERROR('Newco IS'!M43),0,'Newco IS'!M43)","v":-0.16408286996280938},null,null,{"$f":"C48","v":2014},{"$f":"+IF(ISERROR('Acquirer IS'!J53),0,'Acquirer IS'!J53)","v":4.7901816804390203},null,{"$f":"+IF(ISERROR('Newco IS'!M54),0,'Newco IS'!M54)","v":9.4611459425091464},null,null,2013,{"$f":"+IF(ISERROR(F48/D48-1),0,F48/D48-1)","v":-1.1440530131497719},null,{"$f":"+IF(ISERROR(L48/J48-1),0,L48/J48-1)","v":0.97511213011904641}]
[null,null,{"$f":"I40","v":2015},{"$f":"+IF(ISERROR('Acquirer IS'!L42),0,'Acquirer IS'!L42)","v":1.4102528283240232},null,{"$f":"+IF(ISERROR('Newco IS'!P43),0,'Newco IS'!P43)","v":1.5113023366032874},null,null,{"$f":"C49","v":2015},{"$f":"+IF(ISERROR('Acquirer IS'!L53),0,'Acquirer IS'!L53)","v":4.6215638315321614},null,{"$f":"+IF(ISERROR('Newco IS'!P54),0,'Newco IS'!P54)","v":5.8834355741996864},null,null,{"$f":"C49","v":2015},{"$f":"+IF(ISERROR(F49/D49-1),0,F49/D49-1)","v":7.1653469682704918E-2},null,{"$f":"+IF(ISERROR(L49/J49-1),0,L49/J49-1)","v":0.27303999006959168}]
[null,null,{"$f":"I41","v":2016},{"$f":"+IF(ISERROR('Acquirer IS'!N42),0,'Acquirer IS'!N42)","v":1.7042064166966633},null,{"$f":"+IF(ISERROR('Newco IS'!R43),0,'Newco IS'!R43)","v":2.3271723439277285},null,null,{"$f":"C50","v":2016},{"$f":"+IF(ISERROR('Acquirer IS'!N53),0,'Acquirer IS'!N53)","v":5.1259086147868347},null,{"$f":"+IF(ISERROR('Newco IS'!R54),0,'Newco IS'!R54)","v":6.9965208159289078},null,null,{"$f":"C50","v":2016},{"$f":"+IF(ISERROR(F50/D50-1),0,F50/D50-1)","v":0.36554605189117106},null,{"$f":"+IF(ISERROR(L50/J50-1),0,L50/J50-1)","v":0.36493280347329482}]
[null,null,{"$f":"I42","v":2017},{"$f":"+IF(ISERROR('Acquirer IS'!P42),0,'Acquirer IS'!P42)","v":2.0230853354213352},null,{"$f":"+IF(ISERROR('Newco IS'!T43),0,'Newco IS'!T43)","v":2.9319028330841332},null,null,{"$f":"C51","v":2017},{"$f":"+IF(ISERROR('Acquirer IS'!P53),0,'Acquirer IS'!P53)","v":5.6720100239840985},null,{"$f":"+IF(ISERROR('Newco IS'!T54),0,'Newco IS'!T54)","v":7.9421093540188217},null,null,{"$f":"C51","v":2017},{"$f":"IF(ISERROR(F51/D51-1),0,F51/D51-1)","v":0.44922351111478176},null,{"$f":"+IF(ISERROR(L51/J51-1),0,L51/J51-1)","v":0.40022837061916428}]
[null,null,{"$f":"I43","v":2018},{"$f":"+IF(ISERROR('Acquirer IS'!R42),0,'Acquirer IS'!R42)","v":2.3692686691702307},null,{"$f":"+IF(ISERROR('Newco IS'!V43),0,'Newco IS'!V43)","v":3.5791634960628271},null,null,{"$f":"C52","v":2018},{"$f":"+IF(ISERROR('Acquirer IS'!R53),0,'Acquirer IS'!R53)","v":6.263593647443396},null,{"$f":"+IF(ISERROR('Newco IS'!V54),0,'Newco IS'!V54)","v":8.8784047892994771},null,null,{"$f":"C52","v":2018},{"$f":"+IF(ISERROR(F52/D52-1),0,F52/D52-1)","v":0.51066172555108658},null,{"$f":"+IF(ISERROR(L52/J52-1),0,L52/J52-1)","v":0.41746181011013794}]
[]
[]
[null,null,"Valuation","           Present Value $'s",null,null,null,null,"Total Debt to Total Capital",null,null,null,null,null,"Interest Coverage (EBITDA to Interest Expense)"]
[null,null,null,null,null,null,null,null,"Industry Average",null,null,"Newco",null,null,"Industry Average",null,null,"Newco"]
[null,null,"Target",null,null,{"$f":"Valuation!D21","v":13457.633719790048},null,null,{"$f":"C48","v":2014},44.6,null,{"$f":"+IF(ISERROR('Newco BS'!P39/('Newco BS'!P52+'Newco BS'!P39)),0,'Newco BS'!P39/('Newco BS'!P52+'Newco BS'!P39))","v":0.48979914787087525},null,null,{"$f":"C48","v":2014},"4.0x",null,{"$f":"+IF(ISERROR(('Newco IS'!M21+'Newco IS'!M18+'Newco IS'!M19)/'Newco IS'!M27),0,('Newco IS'!M21+'Newco IS'!M18+'Newco IS'!M19)/'Newco IS'!M27)","v":3.1047232234907267}]
[null,null,"Acquirer",null,null,{"$f":"+IF(ISERROR(Valuation!L21),0,Valuation!L21)","v":53753.514947087599},null,null,{"$f":"C49","v":2015},44.6,null,{"$f":"+IF(ISERROR('Newco BS'!R39/('Newco BS'!R52+'Newco BS'!R39)),0,'Newco BS'!R39/('Newco BS'!R52+'Newco BS'!R39))","v":0.45768340739619534},null,null,{"$f":"C49","v":2015},"4.0x",null,{"$f":"+IF(ISERROR(('Newco IS'!P21+'Newco IS'!P18+'Newco IS'!P19)/'Newco IS'!P27),0,('Newco IS'!P21+'Newco IS'!P18+'Newco IS'!P19)/'Newco IS'!P27)","v":3.9526673086497324}]
[null,null,"Newco",null,null,{"$f":"+IF(ISERROR(Valuation!D55),0,Valuation!D55)","v":80221.118479563986},null,null,2016,44.6,null,{"$f":"+IF(ISERROR('Newco BS'!T39/('Newco BS'!T52+'Newco BS'!T39)),0,'Newco BS'!T39/('Newco BS'!T52+'Newco BS'!T39))","v":0.41964041048834178},null,null,2016,"4.0x",null,{"$f":"+IF(ISERROR(('Newco IS'!R21+'Newco IS'!R18+'Newco IS'!R19)/'Newco IS'!R27),0,('Newco IS'!R21+'Newco IS'!R18+'Newco IS'!R19)/'Newco IS'!R27)","v":5.0072638865544912}]
[null,null,"Synergies",null,null,{"$f":"F59-SUM(F57:F58)","v":13009.969812686337},null,null,2017,44.6,null,{"$f":"+IF(ISERROR('Newco BS'!V39/('Newco BS'!V52+'Newco BS'!V39)),0,'Newco BS'!V39/('Newco BS'!V52+'Newco BS'!V39))","v":0.37729736957727505},null,null,2017,"4.0x",null,{"$f":"+IF(ISERROR(('Newco IS'!T21+'Newco IS'!T18+'Newco IS'!T19)/'Newco IS'!T27),0,('Newco IS'!T21+'Newco IS'!T18+'Newco IS'!T19)/'Newco IS'!T27)","v":6.1536960529862359}]
[null,null,"Net Present Value",null,null,{"$f":"F57+F60-R18","v":12363.009232476386},null,null,2018,44.6,null,{"$f":"+IF(ISERROR('Newco BS'!X39/('Newco BS'!X52+'Newco BS'!X39)),0,'Newco BS'!X39/('Newco BS'!X52+'Newco BS'!X39))","v":0.33120428611868363},null,null,2018,"4.0x",null,{"$f":"+IF(ISERROR(('Newco IS'!V21+'Newco IS'!V18+'Newco IS'!V19)/'Newco IS'!V27),0,('Newco IS'!V21+'Newco IS'!V18+'Newco IS'!V19)/'Newco IS'!V27)","v":7.6689088956819971}]
[]
[null,null,"SG&A as a % of Incremental Sales",null,null,0.1]

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["Life Technologies (Target)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"          Assumptions"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,"Actual",null,null,null,null,null,"Projections for the Period Ending December 31,"]
[null,null,null,2011,null,{"$f":"D7+1","v":2012},null,{"$f":"F7+1","v":2013},null,{"$f":"H7+1","v":2014},null,{"$f":"J7+1","v":2015},null,{"$f":"L7+1","v":2016},null,{"$f":"N7+1","v":2017},null,{"$f":"P7+1","v":2018}]
[]
[null,"Income Statement"]
[]
[null,"Sales Growth",null,"NA",null,{"$f":"+IF(ISERROR('Target IS'!F9/'Target IS'!D9-1),0,'Target IS'!F9/'Target IS'!D9-1)","v":5.2283938574733124E-2},null,6.8000000000000005E-2,null,7.0000000000000007E-2,0.24,{"$f":"J11","v":7.0000000000000007E-2},{"$f":"K11","v":0.24},7.0000000000000007E-2,0.24,7.0000000000000007E-2,0.24,7.0000000000000007E-2]
[null,"COGS as a % of Sales",null,{"$f":"+IF(ISERROR('Target IS'!D11/'Target IS'!D9),0,'Target IS'!D11/'Target IS'!D9)","v":0.41303196677907528},{"$f":"+IF(ISERROR('Target IS'!E11/'Target IS'!E9),0,'Target IS'!E11/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR('Target IS'!F11/'Target IS'!F9),0,'Target IS'!F11/'Target IS'!F9)","v":0.44116322801070001},{"$f":"+IF(ISERROR('Target IS'!G11/'Target IS'!G9),0,'Target IS'!G11/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR('Target IS'!H11/'Target IS'!H9),0,'Target IS'!H11/'Target IS'!H9)","v":0.43809398446755293},null,0.436,{"$f":"'Target IS'!K11/'Target IS'!K9","v":{"$error":"#DIV/0!"}},{"$f":"J12","v":0.436},{"$f":"K12","v":{"$error":"#DIV/0!"}},0.436,{"$error":"#DIV/0!"},0.436,{"$error":"#DIV/0!"},0.436]
[null,"SG&A % annual increase (decrease)",null,"NA",null,{"$f":"+IF(ISERROR('Target IS'!F15/'Target IS'!D15-1),0,'Target IS'!F15/'Target IS'!D15-1)","v":-1.3878029710711504E-2},{"$f":"+IF(ISERROR('Target IS'!G15/'Target IS'!E15-1),0,'Target IS'!G15/'Target IS'!E15-1)","v":-1},{"$f":"+IF(ISERROR('Target IS'!H15/'Target IS'!F15-1),0,'Target IS'!H15/'Target IS'!F15-1)","v":4.5193260654112999E-2},null,2.5999999999999999E-2,{"$f":"'Target IS'!K15/'Target IS'!I15-1","v":{"$error":"#DIV/0!"}},2.5999999999999999E-2,{"$error":"#DIV/0!"},2.5999999999999999E-2,{"$error":"#DIV/0!"},2.5999999999999999E-2,{"$error":"#DIV/0!"},2.5999999999999999E-2]
[null,"Other Operating Expense as a % of Sales",null,{"$f":"+IF(ISERROR('Target IS'!D16/'Target IS'!D9),0,'Target IS'!D16/'Target IS'!D9)","v":0.13118363479278727},{"$f":"+IF(ISERROR('Target IS'!E16/'Target IS'!E9),0,'Target IS'!E16/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR('Target IS'!F16/'Target IS'!F9),0,'Target IS'!F16/'Target IS'!F9)","v":0.12003072277988187},{"$f":"+IF(ISERROR('Target IS'!G16/'Target IS'!G9),0,'Target IS'!G16/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR('Target IS'!H16/'Target IS'!H9),0,'Target IS'!H16/'Target IS'!H9)","v":0.10914834803211793},null,0.1,{"$f":"'Target IS'!K16/'Target IS'!K9","v":{"$error":"#DIV/0!"}},0.1,{"$error":"#DIV/0!"},0.1,{"$error":"#DIV/0!"},0.1,{"$error":"#DIV/0!"},0.1]
[null,"Income from Affiliates Growth",null,"NA",null,{"$f":"IF('Target IS'!D23=0,0,'Target IS'!F23/'Target IS'!D23-1)","v":0},null,{"$f":"IF('Target IS'!F23=0,0,'Target IS'!H23/'Target IS'!F23-1)","v":0},null,0,null,0,null,{"$f":"L15","v":0},null,{"$f":"N15","v":0},null,{"$f":"P15","v":0}]
[null,"Noncontrolling Interest - % of Earnings",null,{"$f":"+IF(ISERROR('Target IS'!D30/('Target IS'!D28-'Target IS'!D31)),0,'Target IS'!D30/('Target IS'!D28-'Target IS'!D31))","v":0},{"$f":"+IF(ISERROR('Target IS'!E30/('Target IS'!E28-'Target IS'!E31)),0,'Target IS'!E30/('Target IS'!E28-'Target IS'!E31))","v":0},{"$f":"+IF(ISERROR('Target IS'!F30/('Target IS'!F28-'Target IS'!F31)),0,'Target IS'!F30/('Target IS'!F28-'Target IS'!F31))","v":0},{"$f":"+IF(ISERROR('Target IS'!G30/('Target IS'!G28-'Target IS'!G31)),0,'Target IS'!G30/('Target IS'!G28-'Target IS'!G31))","v":0},{"$f":"+IF(ISERROR('Target IS'!H30/('Target IS'!H28-'Target IS'!H31)),0,'Target IS'!H30/('Target IS'!H28-'Target IS'!H31))","v":0},null,0,null,0,null,{"$f":"L16","v":0},null,{"$f":"N16","v":0},null,{"$f":"P16","v":0}]
[null,"EBITDA Growth",null,"NA",null,{"$f":"+IF(ISERROR('Target IS'!F49/'Target IS'!D49-1),0,'Target IS'!F49/'Target IS'!D49-1)","v":5.8150931068278844E-2},{"$f":"+IF(ISERROR('Target IS'!G49/'Target IS'!E49-1),0,'Target IS'!G49/'Target IS'!E49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!H49/'Target IS'!F49-1),0,'Target IS'!H49/'Target IS'!F49-1)","v":2.6860142019141664E-2},{"$f":"+IF(ISERROR('Target IS'!I49/'Target IS'!G49-1),0,'Target IS'!I49/'Target IS'!G49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!J49/'Target IS'!H49-1),0,'Target IS'!J49/'Target IS'!H49-1)","v":0.20844810583283291},{"$f":"+IF(ISERROR('Target IS'!K49/'Target IS'!I49-1),0,'Target IS'!K49/'Target IS'!I49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!L49/'Target IS'!J49-1),0,'Target IS'!L49/'Target IS'!J49-1)","v":0.12922533942739811},{"$f":"+IF(ISERROR('Target IS'!M49/'Target IS'!K49-1),0,'Target IS'!M49/'Target IS'!K49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!N49/'Target IS'!L49-1),0,'Target IS'!N49/'Target IS'!L49-1)","v":0.12381140161389226},{"$f":"+IF(ISERROR('Target IS'!O49/'Target IS'!M49-1),0,'Target IS'!O49/'Target IS'!M49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!P49/'Target IS'!N49-1),0,'Target IS'!P49/'Target IS'!N49-1)","v":0.11912790346900359},{"$f":"+IF(ISERROR('Target IS'!Q49/'Target IS'!O49-1),0,'Target IS'!Q49/'Target IS'!O49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!R49/'Target IS'!P49-1),0,'Target IS'!R49/'Target IS'!P49-1)","v":0.11503973924960209}]
[null,"EBITDA Margin",null,{"$f":"+IF(ISERROR('Target IS'!D49/'Target IS'!D9),0,'Target IS'!D49/'Target IS'!D9)","v":0.17061954795016859},{"$f":"+IF(ISERROR('Target IS'!E49/'Target IS'!E9),0,'Target IS'!E49/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR('Target IS'!F49/'Target IS'!F9),0,'Target IS'!F49/'Target IS'!F9)","v":0.17157083454723632},{"$f":"+IF(ISERROR('Target IS'!G49/'Target IS'!G9),0,'Target IS'!G49/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR('Target IS'!H49/'Target IS'!H9),0,'Target IS'!H49/'Target IS'!H9)","v":0.17512175858891671},{"$f":"+IF(ISERROR('Target IS'!I49/'Target IS'!I9),0,'Target IS'!I49/'Target IS'!I9)","v":0},{"$f":"+IF(ISERROR('Target IS'!J49/'Target IS'!J9),0,'Target IS'!J49/'Target IS'!J9)","v":0.19778089481952432},{"$f":"+IF(ISERROR('Target IS'!K49/'Target IS'!K9),0,'Target IS'!K49/'Target IS'!K9)","v":0},{"$f":"+IF(ISERROR('Target IS'!L49/'Target IS'!L9),0,'Target IS'!L49/'Target IS'!L9)","v":0.20872822250918863},{"$f":"+IF(ISERROR('Target IS'!M49/'Target IS'!M9),0,'Target IS'!M49/'Target IS'!M9)","v":0},{"$f":"+IF(ISERROR('Target IS'!N49/'Target IS'!N9),0,'Target IS'!N49/'Target IS'!N9)","v":0.21922537971441836},{"$f":"+IF(ISERROR('Target IS'!O49/'Target IS'!O9),0,'Target IS'!O49/'Target IS'!O9)","v":0},{"$f":"+IF(ISERROR('Target IS'!P49/'Target IS'!P9),0,'Target IS'!P49/'Target IS'!P9)","v":0.22929087811868523},{"$f":"+IF(ISERROR('Target IS'!Q49/'Target IS'!Q9),0,'Target IS'!Q49/'Target IS'!Q9)","v":0},{"$f":"+IF(ISERROR('Target IS'!R49/'Target IS'!R9),0,'Target IS'!R49/'Target IS'!R9)","v":0.23894246817735612}]
[]
[null,"Balance Sheet"]
[]
[null,"Receivable Days",null,{"$f":"+IF(ISERROR(('Target BS'!D10/'Target IS'!D9)*365),0,('Target BS'!D10/'Target IS'!D9)*365)","v":59.763523870572172},{"$f":"+IF(ISERROR(('Target BS'!E10/'Target IS'!E9)*365),0,('Target BS'!E10/'Target IS'!E9)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!F10/'Target IS'!F9)*365),0,('Target BS'!F10/'Target IS'!F9)*365)","v":61.579309796858865},{"$f":"+IF(ISERROR(('Target BS'!G10/'Target IS'!G9)*365),0,('Target BS'!G10/'Target IS'!G9)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!H10/'Target IS'!H9)*365),0,('Target BS'!H10/'Target IS'!H9)*365)","v":67.0039489272081},null,59,{"$f":"('Target BS'!K10/'Target IS'!K9)*365","v":{"$error":"#DIV/0!"}},{"$f":"J22","v":59},{"$f":"K22","v":{"$error":"#DIV/0!"}},59,{"$error":"#DIV/0!"},59,{"$error":"#DIV/0!"},59]
[null,"Inventory Days",null,{"$f":"+IF(ISERROR(('Target BS'!D11/'Target IS'!D11)*365),0,('Target BS'!D11/'Target IS'!D11)*365)","v":79.575910931174093},{"$f":"+IF(ISERROR(('Target BS'!E11/'Target IS'!E11)*365),0,('Target BS'!E11/'Target IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!F11/'Target IS'!F11)*365),0,('Target BS'!F11/'Target IS'!F11)*365)","v":82.808128714654487},{"$f":"+IF(ISERROR(('Target BS'!G11/'Target IS'!G11)*365),0,('Target BS'!G11/'Target IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!H11/'Target IS'!H11)*365),0,('Target BS'!H11/'Target IS'!H11)*365)","v":88.502794303226977},null,84,{"$f":"('Target BS'!K11/'Target IS'!K11)*365","v":{"$error":"#DIV/0!"}},84,{"$error":"#DIV/0!"},84,{"$error":"#DIV/0!"},84,{"$error":"#DIV/0!"},84]
[null,"Oth Cur Assets % of Sales",null,{"$f":"+IF(ISERROR('Target BS'!D12/'Target IS'!D9),0,'Target BS'!D12/'Target IS'!D9)","v":7.8314428248933976E-2},{"$f":"+IF(ISERROR('Target BS'!E12/'Target IS'!E9),0,'Target BS'!E12/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR('Target BS'!F12/'Target IS'!F9),0,'Target BS'!F12/'Target IS'!F9)","v":5.2069814868766058E-2},{"$f":"+IF(ISERROR('Target BS'!G12/'Target IS'!G9),0,'Target BS'!G12/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR('Target BS'!H12/'Target IS'!H9),0,'Target BS'!H12/'Target IS'!H9)","v":6.5315256022113993E-2},null,5.5E-2,{"$f":"'Target BS'!K12/'Target IS'!K9","v":{"$error":"#DIV/0!"}},5.5E-2,{"$error":"#DIV/0!"},5.5E-2,{"$error":"#DIV/0!"},5.5E-2,{"$error":"#DIV/0!"},5.5E-2]
[null,"Accounts Payable Days",null,{"$f":"+IF(ISERROR(('Target BS'!D29/'Target IS'!D11)*365),0,('Target BS'!D29/'Target IS'!D11)*365)","v":42.952766531713898},{"$f":"+IF(ISERROR(('Target BS'!E29/'Target IS'!E11)*365),0,('Target BS'!E29/'Target IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!F29/'Target IS'!F11)*365),0,('Target BS'!F29/'Target IS'!F11)*365)","v":39.092273518640816},{"$f":"+IF(ISERROR(('Target BS'!G29/'Target IS'!G11)*365),0,('Target BS'!G29/'Target IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!H29/'Target IS'!H11)*365),0,('Target BS'!H29/'Target IS'!H11)*365)","v":40.928429781864075},null,40,{"$f":"56.7","v":56.7},40,56.7,40,56.7,40,56.7,40]
[null,"Oth Cur Liab % of COGS",null,{"$f":"+IF(ISERROR('Target BS'!D30/'Target IS'!D11),0,'Target BS'!D30/'Target IS'!D11)","v":0.65587044534412964},{"$f":"+IF(ISERROR('Target BS'!E30/'Target IS'!E11),0,'Target BS'!E30/'Target IS'!E11)","v":0},{"$f":"+IF(ISERROR('Target BS'!F30/'Target IS'!F11),0,'Target BS'!F30/'Target IS'!F11)","v":0.79119889535930832},{"$f":"+IF(ISERROR('Target BS'!G30/'Target IS'!G11),0,'Target BS'!G30/'Target IS'!G11)","v":0},{"$f":"+IF(ISERROR('Target BS'!H30/'Target IS'!H11),0,'Target BS'!H30/'Target IS'!H11)","v":0.60441079262063591},null,0.68,{"$f":"'Target BS'!K30/'Target IS'!K11","v":{"$error":"#DIV/0!"}},0.68,{"$error":"#DIV/0!"},0.68,{"$error":"#DIV/0!"},0.68,{"$error":"#DIV/0!"},0.68]
[null,"Change in Other Assets",null,"NA",null,{"$f":"'Target BS'!F25-'Target BS'!D25","v":-36.599999999999994},null,{"$f":"'Target BS'!H25-'Target BS'!F25","v":-4.3999999999999915},null,0,null,0,null,{"$f":"L27","v":0},null,{"$f":"N27","v":0},null,{"$f":"P27","v":0}]
[null,"Change in Other LT Liabilities",null,"NA",null,{"$f":"'Target BS'!F41-'Target BS'!D41","v":-231.99999999999989},null,{"$f":"'Target BS'!H41-'Target BS'!F41","v":59.799999999999955},null,0,null,0,null,{"$f":"L28","v":0},null,{"$f":"N28","v":0},null,{"$f":"P28","v":0}]
[null,"Working Capital/Sales (Excl Cash & Debt)",null,{"$f":"+IF(ISERROR((SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30))/'Target IS'!D9),0,(SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30))/'Target IS'!D9)","v":1.2597196287728832E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30))/'Target IS'!E9),0,(SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30))/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30))/'Target IS'!F9),0,(SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30))/'Target IS'!F9)","v":-7.54297216410202E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30))/'Target IS'!G9),0,(SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30))/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30))/'Target IS'!H9),0,(SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30))/'Target IS'!H9)","v":4.1200473871264916E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30))/'Target IS'!I9),0,(SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30))/'Target IS'!I9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30))/'Target IS'!J9),0,(SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30))/'Target IS'!J9)","v":-2.7277260273972658E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!K10:K12)-SUM('Target BS'!K29:K30))/'Target IS'!K9),0,(SUM('Target BS'!K10:K12)-SUM('Target BS'!K29:K30))/'Target IS'!K9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30))/'Target IS'!L9),0,(SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30))/'Target IS'!L9)","v":-2.72772602739727E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!M10:M12)-SUM('Target BS'!M29:M30))/'Target IS'!M9),0,(SUM('Target BS'!M10:M12)-SUM('Target BS'!M29:M30))/'Target IS'!M9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30))/'Target IS'!N9),0,(SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30))/'Target IS'!N9)","v":-2.727726027397263E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!O10:O12)-SUM('Target BS'!O29:O30))/'Target IS'!O9),0,(SUM('Target BS'!O10:O12)-SUM('Target BS'!O29:O30))/'Target IS'!O9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30))/'Target IS'!P9),0,(SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30))/'Target IS'!P9)","v":-2.7277260273972634E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!Q10:Q12)-SUM('Target BS'!Q29:Q30))/'Target IS'!Q9),0,(SUM('Target BS'!Q10:Q12)-SUM('Target BS'!Q29:Q30))/'Target IS'!Q9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30))/'Target IS'!R9),0,(SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30))/'Target IS'!R9)","v":-2.727726027397262E-2}]
[]
[null,"Cash Flow"]
[]
[null,"Capital Expenditures",null,26.7,null,13.8,null,10.3,null,{"$f":"J34*'Target IS'!J9","v":16.257580000000001},null,{"$f":"L34*'Target IS'!L9","v":17.395610600000005},null,{"$f":"N34*'Target IS'!N9","v":18.613303342000005},null,{"$f":"P34*'Target IS'!P9","v":19.91623457594001},null,{"$f":"R34*'Target IS'!R9","v":21.310370996255809}]
[null,"Capex as a % of Sales",null,{"$f":"+IF(ISERROR(D33/'Target IS'!D9),0,D33/'Target IS'!D9)","v":7.4412641788132996E-3},{"$f":"+IF(ISERROR(E33/'Target IS'!E9),0,E33/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR(F33/'Target IS'!F9),0,F33/'Target IS'!F9)","v":3.6549513997404456E-3},{"$f":"+IF(ISERROR(G33/'Target IS'!G9),0,G33/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR(H33/'Target IS'!H9),0,H33/'Target IS'!H9)","v":2.7115966829011455E-3},null,4.0000000000000001E-3,null,{"$f":"J34","v":4.0000000000000001E-3},null,{"$f":"L34","v":4.0000000000000001E-3},null,{"$f":"N34","v":4.0000000000000001E-3},null,{"$f":"P34","v":4.0000000000000001E-3}]
[null,"Depreciation",null,123,null,123.6,null,126,null,{"$f":"J36*'Target IS'!J9","v":130.06064000000001},{"$f":"K36*'Target IS'!K9","v":0},{"$f":"L36*'Target IS'!L9","v":139.16488480000004},null,{"$f":"N36*'Target IS'!N9","v":148.90642673600004},null,{"$f":"P36*'Target IS'!P9","v":159.32987660752008},null,{"$f":"R36*'Target IS'!R9","v":170.48296797004647}]
[null,"Depreciation as a % of Sales",null,{"$f":"+IF(ISERROR(D35/'Target IS'!D9),0,D35/'Target IS'!D9)","v":3.427998104846576E-2},{"$f":"+IF(ISERROR(E35/'Target IS'!E9),0,E35/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR(F35/'Target IS'!F9),0,F35/'Target IS'!F9)","v":3.273565166724051E-2},{"$f":"+IF(ISERROR(G35/'Target IS'!G9),0,G35/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR(H35/'Target IS'!H9),0,H35/'Target IS'!H9)","v":3.3170988548111097E-2},null,3.2000000000000001E-2,null,{"$f":"J36","v":3.2000000000000001E-2},null,{"$f":"L36","v":3.2000000000000001E-2},null,{"$f":"N36","v":3.2000000000000001E-2},null,{"$f":"P36","v":3.2000000000000001E-2}]
[null,"Goodwill Amortization (Pre-6/2001)",null,0,null,0,null,0,null,0,null,{"$f":"J37","v":0},null,{"$f":"L37","v":0},null,{"$f":"N37","v":0},null,{"$f":"P37","v":0}]
[null,"Amortization of Intangibles",null,299.60000000000002,null,313.89999999999998,null,302.89999999999998,null,300,null,300,null,300,null,300,null,300]
[null,"Retirement of Senior Debt",null,2320.1999999999998,null,350.4,null,450,null,300,null,300,null,300,null,300,null,300]
[null,"Retirement of Subordinated Debt",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Asset",null,"NA",null,{"$f":"'Target BS'!F23-'Target BS'!D23","v":2},null,{"$f":"'Target BS'!H23-'Target BS'!F23","v":-5.8000000000000007},null,0,null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Liab",null,"NA",null,{"$f":"'Target BS'!F40-'Target BS'!D40","v":-147.39999999999998},null,{"$f":"'Target BS'!H40-'Target BS'!F40","v":-123.20000000000005},null,0,null,0,null,0,null,0,null,0]
[null,"Dividend from Affiliates",null,0,null,0,null,0,null,0,null,{"$f":"L44*-'Target IS'!L23","v":0},null,{"$f":"N44*-'Target IS'!N23","v":0},null,{"$f":"P44*-'Target IS'!P23","v":0},null,{"$f":"R44*-'Target IS'!R23","v":0}]
[null,"Payout Ratio of Affiliates",null,{"$f":"IF('Target IS'!D23=0,0,D43/-'Target IS'!D23)","v":0},null,{"$f":"IF('Target IS'!F23=0,0,F43/-'Target IS'!F23)","v":0},null,{"$f":"IF('Target IS'!H23=0,0,H43/-'Target IS'!H23)","v":0},null,0,null,{"$f":"J44","v":0},null,{"$f":"L44","v":0},null,{"$f":"N44","v":0},null,{"$f":"P44","v":0}]
[null,"Dividends per Share",null,0,null,0,null,0,null,0,null,{"$f":"IF(L46=0,0,L46*'Target IS'!L53)","v":0},null,{"$f":"IF(N46=0,0,N46*'Target IS'!N53)","v":0},null,{"$f":"IF(P46=0,0,P46*'Target IS'!P53)","v":0},null,{"$f":"IF(R46=0,0,R46*'Target IS'!R53)","v":0}]
[null,"Dividend Payout Ratio",null,0,null,{"$f":"+IF(ISERROR(F45/'Target IS'!F53),0,F45/'Target IS'!F53)","v":0},{"$f":"+IF(ISERROR(G45/'Target IS'!G53),0,G45/'Target IS'!G53)","v":0},{"$f":"+IF(ISERROR(H45/'Target IS'!H53),0,H45/'Target IS'!H53)","v":0},null,0,null,{"$f":"J46","v":0},null,{"$f":"L46","v":0},null,{"$f":"N46","v":0},null,{"$f":"P46","v":0}]
[null,"Dividends Paid",null,{"$f":"D45*D53","v":0},null,{"$f":"F45*F53","v":0},null,{"$f":"H45*H53","v":0},null,{"$f":"J45*J53","v":0},null,{"$f":"L45*L53","v":0},null,{"$f":"N45*N53","v":0},null,{"$f":"P45*P53","v":0},null,{"$f":"R45*R53","v":0}]
[null,"Effective Tax Rate",null,{"$f":"+IF(ISERROR('Target IS'!D31/'Target IS'!D28),0,'Target IS'!D31/'Target IS'!D28)","v":3.388297872340444},{"$f":"+IF(ISERROR('Target IS'!E31/'Target IS'!E28),0,'Target IS'!E31/'Target IS'!E28)","v":0},{"$f":"+IF(ISERROR('Target IS'!F31/'Target IS'!F28),0,'Target IS'!F31/'Target IS'!F28)","v":2.4490291262135813},{"$f":"+IF(ISERROR('Target IS'!G31/'Target IS'!G28),0,'Target IS'!G31/'Target IS'!G28)","v":0},{"$f":"+IF(ISERROR('Target IS'!H31/'Target IS'!H28),0,'Target IS'!H31/'Target IS'!H28)","v":0.98542274052477974},null,0.4,null,{"$f":"J48","v":0.4},null,{"$f":"L48","v":0.4},null,{"$f":"N48","v":0.4},null,{"$f":"P48","v":0.4}]
[null,"Marginal Tax Rate",null,0.38,null,{"$f":"D49","v":0.38},null,{"$f":"F49","v":0.38},null,0.4,null,{"$f":"J49","v":0.4},null,{"$f":"L49","v":0.4},null,{"$f":"N49","v":0.4},null,{"$f":"P49","v":0.4}]
[]
[null,"Other"]
[]
[null,"Shares Outstanding - Basic",null,0,null,0,null,170.8,null,170.8,null,{"$f":"J53","v":170.8},null,{"$f":"L53","v":170.8},null,{"$f":"N53","v":170.8},null,{"$f":"P53","v":170.8}]
[null,"Shares Outstanding - Diluted",null,0,null,0,null,174.5,null,174.5,null,{"$f":"J54","v":174.5},null,{"$f":"L54","v":174.5},null,{"$f":"N54","v":174.5},null,{"$f":"P54","v":174.5}]
[null,"Revolving Credit Facility Rate",null,0,null,0,null,0,null,0.02,null,{"$f":"J55","v":0.02},null,{"$f":"L55","v":0.02},null,{"$f":"N55","v":0.02},null,{"$f":"P55","v":0.02}]
[null,"Senior Debt Rate",null,0,null,0,null,0,null,0.05,null,{"$f":"J56","v":0.05},null,{"$f":"L56","v":0.05},null,{"$f":"N56","v":0.05},null,{"$f":"P56","v":0.05}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,0.1,null,{"$f":"J57","v":0.1},null,{"$f":"L57","v":0.1},null,{"$f":"N57","v":0.1},null,{"$f":"P57","v":0.1}]
[null,"Average Interest Rate",null,"NA",null,{"$f":"IF(AVERAGE('Target BS'!D38:F38)=0,0,'Target IS'!F26/AVERAGE('Target BS'!D38:F38))","v":6.4513561379420145E-2},null,{"$f":"IF(AVERAGE('Target BS'!F38:H38)=0,0,'Target IS'!H26/AVERAGE('Target BS'!F38:H38))","v":5.4358794366691526E-2},null,{"$f":"IF(AVERAGE('Target BS'!H38:J38)=0,0,'Target IS'!J26/AVERAGE('Target BS'!H38:J38))","v":0.05},null,{"$f":"IF(AVERAGE('Target BS'!J38:L38)=0,0,'Target IS'!L26/AVERAGE('Target BS'!J38:L38))","v":5.000000000000001E-2},null,{"$f":"IF(AVERAGE('Target BS'!L38:N38)=0,0,'Target IS'!N26/AVERAGE('Target BS'!L38:N38))","v":4.9999999999999996E-2},null,{"$f":"IF(AVERAGE('Target BS'!N38:P38)=0,0,'Target IS'!P26/AVERAGE('Target BS'!N38:P38))","v":0.05},null,{"$f":"IF(AVERAGE('Target BS'!P38:R38)=0,0,'Target IS'!R26/AVERAGE('Target BS'!P38:R38))","v":0.05}]
[null,"Marketable Securities Rate",null,0,null,0,null,0,null,0,null,{"$f":"J59","v":0},null,{"$f":"L59","v":0},null,{"$f":"N59","v":0},null,{"$f":"P59","v":0}]

{"sheet":"Target IS","index":3,"n_rows":57,"n_cols":22,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Target Assumptions'!A1","v":"Life Technologies (Target)"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Income Statement"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Target Assumptions'!D6","v":"Actual"},null,null,null,null,null,{"$f":"'Target Assumptions'!J6","v":"Projections for the Period Ending December 31,"},null,null,null,null,null,null,null,null,null,null,1," 0 = circ off"]
[null,null,null,{"$f":"'Target Assumptions'!D7","v":2011},null,{"$f":"'Target Assumptions'!F7","v":2012},null,{"$f":"'Target Assumptions'!H7","v":2013},null,{"$f":"'Target Assumptions'!J7","v":2014},null,{"$f":"'Target Assumptions'!L7","v":2015},null,{"$f":"'Target Assumptions'!N7","v":2016},null,{"$f":"'Target Assumptions'!P7","v":2017},null,{"$f":"'Target Assumptions'!R7","v":2018},null,null,null," 1 = circ on"]
[]
[null,"Sales",null,3588.1,null,3775.7,null,3798.5,null,{"$f":"H9*(1+'Target Assumptions'!J11)","v":4064.3950000000004},null,{"$f":"J9*(1+'Target Assumptions'!L11)","v":4348.9026500000009},null,{"$f":"L9*(1+'Target Assumptions'!N11)","v":4653.3258355000016},null,{"$f":"N9*(1+'Target Assumptions'!P11)","v":4979.0586439850022},null,{"$f":"P9*(1+'Target Assumptions'!R11)","v":5327.5927490639524}]
[]
[null,"  Cost of Goods Sold",null,{"$f":"1188.2+293.8","v":1482},null,{"$f":"1357+308.7","v":1665.7},null,{"$f":"1372.3+291.8","v":1664.1},null,{"$f":"J9*'Target Assumptions'!J12","v":1772.0762200000001},null,{"$f":"L9*'Target Assumptions'!L12","v":1896.1215554000005},null,{"$f":"N9*'Target Assumptions'!N12","v":2028.8500642780007},null,{"$f":"P9*'Target Assumptions'!P12","v":2170.8695687774612},null,{"$f":"R9*'Target Assumptions'!R12","v":2322.8304385918832}]
[]
[null,"Gross Profit",null,{"$f":"D9-D11","v":2106.1},null,{"$f":"F9-F11","v":2110},null,{"$f":"H9-H11","v":2134.4},null,{"$f":"J9-J11","v":2292.3187800000005},null,{"$f":"L9-L11","v":2452.7810946000004},null,{"$f":"N9-N11","v":2624.4757712220007},null,{"$f":"P9-P11","v":2808.189075207541},null,{"$f":"R9-R11","v":3004.7623104720692}]
[]
[null,"  SG&A",null,1023.2,1009,1009,null,1054.5999999999999,null,{"$f":"H15*(1+'Target Assumptions'!J13)","v":1082.0195999999999},null,{"$f":"J15*(1+'Target Assumptions'!L13)","v":1110.1521095999999},null,{"$f":"L15*(1+'Target Assumptions'!N13)","v":1139.0160644496},null,{"$f":"N15*(1+'Target Assumptions'!P13)","v":1168.6304821252895},null,{"$f":"P15*(1+'Target Assumptions'!R13)","v":1199.0148746605471}]
[null,"  Other Operating Expense",null,{"$f":"375.5+1.7+93.5","v":470.7},null,{"$f":"377.9+75.3","v":453.2},null,{"$f":"341.9+72.7","v":414.59999999999997},null,{"$f":"J9*'Target Assumptions'!J14","v":406.43950000000007},null,{"$f":"L9*'Target Assumptions'!L14","v":434.89026500000011},null,{"$f":"N9*'Target Assumptions'!N14","v":465.33258355000021},null,{"$f":"P9*'Target Assumptions'!P14","v":497.90586439850023},null,{"$f":"R9*'Target Assumptions'!R14","v":532.75927490639526}]
[null,"  Depreciation",null,{"$f":"'Target Assumptions'!D35","v":123},{"$f":"'Target Assumptions'!E35","v":0},{"$f":"'Target Assumptions'!F35","v":123.6},null,{"$f":"'Target Assumptions'!H35","v":126},null,{"$f":"'Target Assumptions'!J35","v":130.06064000000001},null,{"$f":"'Target Assumptions'!L35","v":139.16488480000004},null,{"$f":"'Target Assumptions'!N35","v":148.90642673600004},null,{"$f":"'Target Assumptions'!P35","v":159.32987660752008},null,{"$f":"'Target Assumptions'!R35","v":170.48296797004647}]
[null,"  Amortization",null,{"$f":"'Target Assumptions'!D37+'Target Assumptions'!D38","v":299.60000000000002},null,{"$f":"'Target Assumptions'!F37+'Target Assumptions'!F38","v":313.89999999999998},null,{"$f":"'Target Assumptions'!H37+'Target Assumptions'!H38","v":302.89999999999998},null,{"$f":"'Target Assumptions'!J37+'Target Assumptions'!J38","v":300},null,{"$f":"'Target Assumptions'!L37+'Target Assumptions'!L38","v":300},null,{"$f":"'Target Assumptions'!N37+'Target Assumptions'!N38","v":300},null,{"$f":"'Target Assumptions'!P37+'Target Assumptions'!P38","v":300},null,{"$f":"'Target Assumptions'!R37+'Target Assumptions'!R38","v":300}]
[]
[null,"EBIT",null,{"$f":"D13-SUM(D15:D18)","v":189.59999999999991},null,{"$f":"F13-SUM(F15:F18)","v":210.30000000000018},null,{"$f":"H13-SUM(H15:H18)","v":236.30000000000018},null,{"$f":"J13-SUM(J15:J18)","v":373.79904000000056},null,{"$f":"L13-SUM(L15:L18)","v":468.5738352000003},null,{"$f":"N13-SUM(N15:N18)","v":571.22069648640081},null,{"$f":"P13-SUM(P15:P18)","v":682.32285207623136},null,{"$f":"R13-SUM(R15:R18)","v":802.50519293508023}]
[]
[null,"  Unusual (Gain) Loss",null,-37.200000000000003,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"  (Income) from Affiliates",null,null,null,0,null,0,null,{"$f":"H23*(1+'Target Assumptions'!J15)","v":0},null,{"$f":"J23*(1+'Target Assumptions'!L15)","v":0},null,{"$f":"L23*(1+'Target Assumptions'!N15)","v":0},null,{"$f":"N23*(1+'Target Assumptions'!P15)","v":0},null,{"$f":"P23*(1+'Target Assumptions'!R15)","v":0}]
[null,"  Other Expense (Income)",null,{"$f":"5.9+54.1","v":60},null,10.9,null,11.9,null,0,null,0,null,0,null,0,null,0]
[null,"  Interest (Income)",null,-4.3,null,-3.9,2.4,-2.4,null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!J59*AVERAGE('Target BS'!H9:J9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!L59*AVERAGE('Target BS'!J9:L9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!N59*AVERAGE('Target BS'!L9:N9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!P59*AVERAGE('Target BS'!N9:P9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!R59*AVERAGE('Target BS'!P9:R9))","v":0}]
[null,"  Interest Expense",null,152.30000000000001,null,162.1,null,123.9,null,{"$f":"IF($U$6=0,0,'Target Assumptions'!J55*AVERAGE('Target BS'!H34:J34)+'Target Assumptions'!J56*AVERAGE('Target BS'!H35:J35)+'Target Assumptions'!J57*AVERAGE('Target BS'!H36:J36))","v":105.54500000000002},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!L55*AVERAGE('Target BS'!J34:L34)+'Target Assumptions'!L56*AVERAGE('Target BS'!J35:L35)+'Target Assumptions'!L57*AVERAGE('Target BS'!J36:L36))","v":90.545000000000016},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!N55*AVERAGE('Target BS'!L34:N34)+'Target Assumptions'!N56*AVERAGE('Target BS'!L35:N35)+'Target Assumptions'!N57*AVERAGE('Target BS'!L36:N36))","v":75.545000000000002},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!P55*AVERAGE('Target BS'!N34:P34)+'Target Assumptions'!P56*AVERAGE('Target BS'!N35:P35)+'Target Assumptions'!P57*AVERAGE('Target BS'!N36:P36))","v":60.545000000000009},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!R55*AVERAGE('Target BS'!P34:R34)+'Target Assumptions'!R56*AVERAGE('Target BS'!P35:R35)+'Target Assumptions'!R57*AVERAGE('Target BS'!P36:R36))","v":45.545000000000009}]
[]
[null,"Earnings before Taxes",null,{"$f":"D20-SUM(D22:D26)","v":18.799999999999898},null,{"$f":"F20-SUM(F22:F26)","v":41.200000000000188},null,{"$f":"H20-SUM(H22:H26)","v":102.90000000000018},null,{"$f":"J20-SUM(J22:J26)","v":268.25404000000054},null,{"$f":"L20-SUM(L22:L26)","v":378.02883520000029},null,{"$f":"N20-SUM(N22:N26)","v":495.6756964864008},null,{"$f":"P20-SUM(P22:P26)","v":621.7778520762314},null,{"$f":"R20-SUM(R22:R26)","v":756.96019293508027}]
[]
[null," Noncontrolling Interest",null,0,null,0,null,0,null,{"$f":"'Target Assumptions'!J16*(J28-J31)","v":0},null,{"$f":"'Target Assumptions'!L16*(L28-L31)","v":0},null,{"$f":"'Target Assumptions'!N16*(N28-N31)","v":0},null,{"$f":"'Target Assumptions'!P16*(P28-P31)","v":0},null,{"$f":"'Target Assumptions'!R16*(R28-R31)","v":0}]
[null,"  Taxes",null,63.7,null,100.9,null,101.4,null,{"$f":"J28*'Target Assumptions'!J48","v":107.30161600000022},null,{"$f":"L28*'Target Assumptions'!L48","v":151.21153408000012},null,{"$f":"N28*'Target Assumptions'!N48","v":198.27027859456032},null,{"$f":"P28*'Target Assumptions'!P48","v":248.71114083049258},null,{"$f":"R28*'Target Assumptions'!R48","v":302.78407717403212}]
[]
[null,"Net Income before Extra Items",null,{"$f":"D28-D30-D31","v":-44.900000000000105},null,{"$f":"F28-F30-F31","v":-59.699999999999818},null,{"$f":"H28-H30-H31","v":1.5000000000001705},null,{"$f":"J28-J30-J31","v":160.95242400000032},null,{"$f":"L28-L30-L31","v":226.81730112000017},null,{"$f":"N28-N30-N31","v":297.40541789184044},null,{"$f":"P28-P30-P31","v":373.06671124573882},null,{"$f":"R28-R30-R31","v":454.17611576104815}]
[]
[null,"  Extraordinary Items",null,0.6,null,0.7,null,0.4,null,0,null,0,null,0,null,0,null,0]
[null,"  Discontinued Operations",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[]
[null,"Net Income after Extra Items",null,{"$f":"D33+D35+D36","v":-44.300000000000104},null,{"$f":"F33+F35+F36","v":-58.999999999999815},null,{"$f":"H33+H35+H36","v":1.9000000000001704},null,{"$f":"J33+J35+J36","v":160.95242400000032},null,{"$f":"L33+L35+L36","v":226.81730112000017},null,{"$f":"N33+N35+N36","v":297.40541789184044},null,{"$f":"P33+P35+P36","v":373.06671124573882},null,{"$f":"R33+R35+R36","v":454.17611576104815}]
[]
[null,"EPS - Basic",null,{"$f":"+IF(ISERROR(D33/'Target Assumptions'!D53),0,D33/'Target Assumptions'!D53)","v":0},{"$f":"+IF(ISERROR(E33/'Target Assumptions'!E53),0,E33/'Target Assumptions'!E53)","v":0},{"$f":"+IF(ISERROR(F33/'Target Assumptions'!F53),0,F33/'Target Assumptions'!F53)","v":0},{"$f":"+IF(ISERROR(G33/'Target Assumptions'!G53),0,G33/'Target Assumptions'!G53)","v":0},{"$f":"+IF(ISERROR(H33/'Target Assumptions'!H53),0,H33/'Target Assumptions'!H53)","v":8.7822014051532234E-3},{"$f":"+IF(ISERROR(I33/'Target Assumptions'!I53),0,I33/'Target Assumptions'!I53)","v":0},{"$f":"+IF(ISERROR(J33/'Target Assumptions'!J53),0,J33/'Target Assumptions'!J53)","v":0.94234440281030629},{"$f":"+IF(ISERROR(K33/'Target Assumptions'!K53),0,K33/'Target Assumptions'!K53)","v":0},{"$f":"+IF(ISERROR(L33/'Target Assumptions'!L53),0,L33/'Target Assumptions'!L53)","v":1.3279701470726004},{"$f":"+IF(ISERROR(M33/'Target Assumptions'!M53),0,M33/'Target Assumptions'!M53)","v":0},{"$f":"+IF(ISERROR(N33/'Target Assumptions'!N53),0,N33/'Target Assumptions'!N53)","v":1.7412495192730704},{"$f":"+IF(ISERROR(O33/'Target Assumptions'!O53),0,O33/'Target Assumptions'!O53)","v":0},{"$f":"+IF(ISERROR(P33/'Target Assumptions'!P53),0,P33/'Target Assumptions'!P53)","v":2.1842313304785645},{"$f":"+IF(ISERROR(Q33/'Target Assumptions'!Q53),0,Q33/'Target Assumptions'!Q53)","v":0},{"$f":"+IF(ISERROR(R33/'Target Assumptions'!R53),0,R33/'Target Assumptions'!R53)","v":2.6591107480155043}]
[]
[null,"EPS - Diluted",null,{"$f":"+IF(ISERROR(D33/'Target Assumptions'!D54),0,D33/'Target Assumptions'!D54)","v":0},{"$f":"+IF(ISERROR(E33/'Target Assumptions'!E54),0,E33/'Target Assumptions'!E54)","v":0},{"$f":"+IF(ISERROR(F33/'Target Assumptions'!F54),0,F33/'Target Assumptions'!F54)","v":0},{"$f":"+IF(ISERROR(G33/'Target Assumptions'!G54),0,G33/'Target Assumptions'!G54)","v":0},{"$f":"+IF(ISERROR(H33/'Target Assumptions'!H54),0,H33/'Target Assumptions'!H54)","v":8.5959885386829252E-3},{"$f":"+IF(ISERROR(I33/'Target Assumptions'!I54),0,I33/'Target Assumptions'!I54)","v":0},{"$f":"+IF(ISERROR(J33/'Target Assumptions'!J54),0,J33/'Target Assumptions'!J54)","v":0.92236346131805336},{"$f":"+IF(ISERROR(K33/'Target Assumptions'!K54),0,K33/'Target Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR(L33/'Target Assumptions'!L54),0,L33/'Target Assumptions'!L54)","v":1.2998126138681958},{"$f":"+IF(ISERROR(M33/'Target Assumptions'!M54),0,M33/'Target Assumptions'!M54)","v":0},{"$f":"+IF(ISERROR(N33/'Target Assumptions'!N54),0,N33/'Target Assumptions'!N54)","v":1.7043290423601172},{"$f":"+IF(ISERROR(O33/'Target Assumptions'!O54),0,O33/'Target Assumptions'!O54)","v":0},{"$f":"+IF(ISERROR(P33/'Target Assumptions'!P54),0,P33/'Target Assumptions'!P54)","v":2.1379181160214258},{"$f":"+IF(ISERROR(Q33/'Target Assumptions'!Q54),0,Q33/'Target Assumptions'!Q54)","v":0},{"$f":"+IF(ISERROR(R33/'Target Assumptions'!R54),0,R33/'Target Assumptions'!R54)","v":2.6027284570833706}]
[]
[null,"Other Financial Data"]
[]
[null,"Depreciation & Amortization",null,{"$f":"'Target Assumptions'!D35+'Target Assumptions'!D37+'Target Assumptions'!D38","v":422.6},null,{"$f":"'Target Assumptions'!F35+'Target Assumptions'!F37+'Target Assumptions'!F38","v":437.5},null,{"$f":"'Target Assumptions'!H35+'Target Assumptions'!H37+'Target Assumptions'!H38","v":428.9},null,{"$f":"'Target Assumptions'!J35+'Target Assumptions'!J37+'Target Assumptions'!J38","v":430.06064000000003},null,{"$f":"'Target Assumptions'!L35+'Target Assumptions'!L37+'Target Assumptions'!L38","v":439.16488480000004},null,{"$f":"'Target Assumptions'!N35+'Target Assumptions'!N37+'Target Assumptions'!N38","v":448.90642673600007},null,{"$f":"'Target Assumptions'!P35+'Target Assumptions'!P37+'Target Assumptions'!P38","v":459.32987660752008},null,{"$f":"'Target Assumptions'!R35+'Target Assumptions'!R37+'Target Assumptions'!R38","v":470.4829679700465}]
[null,"Capital Expenditures",null,{"$f":"'Target Assumptions'!D33","v":26.7},null,{"$f":"'Target Assumptions'!F33","v":13.8},null,{"$f":"'Target Assumptions'!H33","v":10.3},null,{"$f":"'Target Assumptions'!J33","v":16.257580000000001},null,{"$f":"'Target Assumptions'!L33","v":17.395610600000005},null,{"$f":"'Target Assumptions'!N33","v":18.613303342000005},null,{"$f":"'Target Assumptions'!P33","v":19.91623457594001},null,{"$f":"'Target Assumptions'!R33","v":21.310370996255809}]
[]
[null,"EBITDA",null,{"$f":"D20+D46","v":612.19999999999993},null,{"$f":"F20+F46","v":647.80000000000018},null,{"$f":"H20+H46","v":665.20000000000016},null,{"$f":"J20+J46","v":803.85968000000059},null,{"$f":"L20+L46","v":907.73872000000028},null,{"$f":"N20+N46","v":1020.1271232224009},null,{"$f":"P20+P46","v":1141.6527286837513},null,{"$f":"R20+R46","v":1272.9881609051267}]
[]
[null,"EPS (Excluding Unusual Items)",null,{"$f":"+IF(ISERROR((D33+D22*(1-'Target Assumptions'!D49))/'Target Assumptions'!D54),0,(D33+D22*(1-'Target Assumptions'!D49))/'Target Assumptions'!D54)","v":0},{"$f":"+IF(ISERROR((E33+E22*(1-'Target Assumptions'!E49))/'Target Assumptions'!E54),0,(E33+E22*(1-'Target Assumptions'!E49))/'Target Assumptions'!E54)","v":0},{"$f":"+IF(ISERROR((F33+F22*(1-'Target Assumptions'!F49))/'Target Assumptions'!F54),0,(F33+F22*(1-'Target Assumptions'!F49))/'Target Assumptions'!F54)","v":0},{"$f":"+IF(ISERROR((G33+G22*(1-'Target Assumptions'!G49))/'Target Assumptions'!G54),0,(G33+G22*(1-'Target Assumptions'!G49))/'Target Assumptions'!G54)","v":0},{"$f":"+IF(ISERROR((H33+H22*(1-'Target Assumptions'!H49))/'Target Assumptions'!H54),0,(H33+H22*(1-'Target Assumptions'!H49))/'Target Assumptions'!H54)","v":8.5959885386829252E-3},{"$f":"+IF(ISERROR((I33+I22*(1-'Target Assumptions'!I49))/'Target Assumptions'!I54),0,(I33+I22*(1-'Target Assumptions'!I49))/'Target Assumptions'!I54)","v":0},{"$f":"+IF(ISERROR((J33+J22*(1-'Target Assumptions'!J49))/'Target Assumptions'!J54),0,(J33+J22*(1-'Target Assumptions'!J49))/'Target Assumptions'!J54)","v":0.92236346131805336},{"$f":"+IF(ISERROR((K33+K22*(1-'Target Assumptions'!K49))/'Target Assumptions'!K54),0,(K33+K22*(1-'Target Assumptions'!K49))/'Target Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR((L33+L22*(1-'Target Assumptions'!L49))/'Target Assumptions'!L54),0,(L33+L22*(1-'Target Assumptions'!L49))/'Target Assumptions'!L54)","v":1.2998126138681958},{"$f":"+IF(ISERROR((M33+M22*(1-'Target Assumptions'!M49))/'Target Assumptions'!M54),0,(M33+M22*(1-'Target Assumptions'!M49))/'Target Assumptions'!M54)","v":0},{"$f":"+IF(ISERROR((N33+N22*(1-'Target Assumptions'!N49))/'Target Assumptions'!N54),0,(N33+N22*(1-'Target Assumptions'!N49))/'Target Assumptions'!N54)","v":1.7043290423601172},{"$f":"+IF(ISERROR((O33+O22*(1-'Target Assumptions'!O49))/'Target Assumptions'!O54),0,(O33+O22*(1-'Target Assumptions'!O49))/'Target Assumptions'!O54)","v":0},{"$f":"+IF(ISERROR((P33+P22*(1-'Target Assumptions'!P49))/'Target Assumptions'!P54),0,(P33+P22*(1-'Target Assumptions'!P49))/'Target Assumptions'!P54)","v":2.1379181160214258},{"$f":"+IF(ISERROR((Q33+Q22*(1-'Target Assumptions'!Q49))/'Target Assumptions'!Q54),0,(Q33+Q22*(1-'Target Assumptions'!Q49))/'Target Assumptions'!Q54)","v":0},{"$f":"+IF(ISERROR((R33+R22*(1-'Target Assumptions'!R49))/'Target Assumptions'!R54),0,(R33+R22*(1-'Target Assumptions'!R49))/'Target Assumptions'!R54)","v":2.6027284570833706}]
[]
[null,"Cash EPS",null,null,null,{"$f":"+IF(ISERROR('Target CF'!F27/'Target Assumptions'!F54),0,'Target CF'!F27/'Target Assumptions'!F54)","v":0},{"$f":"+IF(ISERROR('Target CF'!G27/'Target Assumptions'!G54),0,'Target CF'!G27/'Target Assumptions'!G54)","v":0},{"$f":"+IF(ISERROR('Target CF'!H27/'Target Assumptions'!H54),0,'Target CF'!H27/'Target Assumptions'!H54)","v":-0.36045845272206167},{"$f":"+IF(ISERROR('Target CF'!I27/'Target Assumptions'!I54),0,'Target CF'!I27/'Target Assumptions'!I54)","v":0},{"$f":"+IF(ISERROR('Target CF'!J27/'Target Assumptions'!J54),0,'Target CF'!J27/'Target Assumptions'!J54)","v":4.919075210723399},{"$f":"+IF(ISERROR('Target CF'!K27/'Target Assumptions'!K54),0,'Target CF'!K27/'Target Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR('Target CF'!L27/'Target Assumptions'!L54),0,'Target CF'!L27/'Target Assumptions'!L54)","v":3.8609901154096655},{"$f":"+IF(ISERROR('Target CF'!M27/'Target Assumptions'!M54),0,'Target CF'!M27/'Target Assumptions'!M54)","v":0},{"$f":"+IF(ISERROR('Target CF'!N27/'Target Assumptions'!N54),0,'Target CF'!N27/'Target Assumptions'!N54)","v":4.324445129467942},{"$f":"+IF(ISERROR('Target CF'!O27/'Target Assumptions'!O54),0,'Target CF'!O27/'Target Assumptions'!O54)","v":0},{"$f":"+IF(ISERROR('Target CF'!P27/'Target Assumptions'!P54),0,'Target CF'!P27/'Target Assumptions'!P54)","v":4.8210984896852516},{"$f":"+IF(ISERROR('Target CF'!Q27/'Target Assumptions'!Q54),0,'Target CF'!Q27/'Target Assumptions'!Q54)","v":0},{"$f":"+IF(ISERROR('Target CF'!R27/'Target Assumptions'!R54),0,'Target CF'!R27/'Target Assumptions'!R54)","v":5.3533876173621149}]
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[null,"Dividends per share",null,null,null,{"$f":"'Target Assumptions'!F45","v":0},null,{"$f":"'Target Assumptions'!H45","v":0},null,{"$f":"'Target Assumptions'!J45","v":0},null,{"$f":"'Target Assumptions'!L45","v":0},null,{"$f":"'Target Assumptions'!N45","v":0},null,{"$f":"'Target Assumptions'!P45","v":0},null,{"$f":"'Target Assumptions'!R45","v":0}]
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[null,"Dividend-adjusted Cash EPS",null,null,null,{"$f":"F53-F55","v":0},null,{"$f":"H53-H55","v":-0.36045845272206167},null,{"$f":"J53-J55","v":4.919075210723399},null,{"$f":"L53-L55","v":3.8609901154096655},null,{"$f":"N53-N55","v":4.324445129467942},null,{"$f":"P53-P55","v":4.8210984896852516},null,{"$f":"R53-R55","v":5.3533876173621149}]

{"sheet":"Target BS","index":4,"n_rows":57,"n_cols":19,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Target IS'!A1","v":"Life Technologies (Target)"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance Sheet"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Target IS'!D6","v":"Actual"},null,null,null,null,null,{"$f":"'Target IS'!J6","v":"Projections for the Period Ending December 31,"}]
[null,null,null,{"$f":"'Target IS'!D7","v":2011},null,{"$f":"'Target IS'!F7","v":2012},null,{"$f":"'Target IS'!H7","v":2013},null,{"$f":"'Target IS'!J7","v":2014},null,{"$f":"'Target IS'!L7","v":2015},null,{"$f":"'Target IS'!N7","v":2016},null,{"$f":"'Target IS'!P7","v":2017},null,{"$f":"'Target IS'!R7","v":2018}]
[]
[null,"Cash",null,{"$f":"813.6+23.1+18.2","v":854.90000000000009},187.3,{"$f":"838.8+26.6+16.7","v":882.1},null,{"$f":"255.5+5.7+15.1","v":276.3},null,{"$f":"'Target CF'!J52","v":818.42104427123331},null,{"$f":"'Target CF'!L52","v":1174.7682088102199},null,{"$f":"'Target CF'!N52","v":1610.7705805603757},null,{"$f":"'Target CF'!P52","v":2132.1360324345119},null,{"$f":"'Target CF'!R52","v":2744.9918006679454}]
[null,"Accounts Receivable",null,587.5,null,637,null,697.3,null,{"$f":"('Target Assumptions'!J22*'Target IS'!J9)/365","v":656.98439726027402},null,{"$f":"('Target Assumptions'!L22*'Target IS'!L9)/365","v":702.97330506849323},null,{"$f":"('Target Assumptions'!N22*'Target IS'!N9)/365","v":752.18143642328789},null,{"$f":"('Target Assumptions'!P22*'Target IS'!P9)/365","v":804.83413697291815},null,{"$f":"('Target Assumptions'!R22*'Target IS'!R9)/365","v":861.17252656102244}]
[null,"Inventory",null,323.10000000000002,null,377.9,null,403.5,null,{"$f":"('Target Assumptions'!J23*'Target IS'!J11)/365","v":407.82028076712334},null,{"$f":"('Target Assumptions'!L23*'Target IS'!L11)/365","v":436.36770042082208},null,{"$f":"('Target Assumptions'!N23*'Target IS'!N11)/365","v":466.91343945027961},null,{"$f":"('Target Assumptions'!P23*'Target IS'!P11)/365","v":499.5973802117993},null,{"$f":"('Target Assumptions'!R23*'Target IS'!R11)/365","v":534.56919682662522}]
[null,"Other",null,{"$f":"91+190","v":281},null,{"$f":"40.1+156.5","v":196.6},null,{"$f":"105.4+142.7","v":248.1},null,{"$f":"'Target IS'!J9*'Target Assumptions'!J24","v":223.54172500000001},null,{"$f":"'Target IS'!L9*'Target Assumptions'!L24","v":239.18964575000004},null,{"$f":"'Target IS'!N9*'Target Assumptions'!N24","v":255.9329209525001},null,{"$f":"'Target IS'!P9*'Target Assumptions'!P24","v":273.84822541917509},null,{"$f":"'Target IS'!R9*'Target Assumptions'!R24","v":293.01760119851741}]
[]
[null,"  Current Assets",null,{"$f":"SUM(D9:D12)","v":2046.5},null,{"$f":"SUM(F9:F12)","v":2093.6},null,{"$f":"SUM(H9:H12)","v":1625.1999999999998},null,{"$f":"SUM(J9:J12)","v":2106.7674472986305},null,{"$f":"SUM(L9:L12)","v":2553.2988600495355},null,{"$f":"SUM(N9:N12)","v":3085.798377386443},null,{"$f":"SUM(P9:P12)","v":3710.4157750384043},null,{"$f":"SUM(R9:R12)","v":4433.7511252541108}]
[]
[null,"Property, Plant, & Equipment",null,{"$f":"22.4+848","v":870.4},null,{"$f":"25+833.7","v":858.7},null,{"$f":"844.7+26.7","v":871.40000000000009},null,{"$f":"H16+'Target Assumptions'!J33","v":887.65758000000005},null,{"$f":"J16+'Target Assumptions'!L33","v":905.05319060000011},null,{"$f":"L16+'Target Assumptions'!N33","v":923.6664939420001},null,{"$f":"N16+'Target Assumptions'!P33","v":943.58272851794015},null,{"$f":"P16+'Target Assumptions'!R33","v":964.89309951419591}]
[null,"Accumulated Depreciation",null,0,null,0,null,0,null,{"$f":"H17-'Target Assumptions'!J35","v":-130.06064000000001},null,{"$f":"J17-'Target Assumptions'!L35","v":-269.22552480000002},null,{"$f":"L17-'Target Assumptions'!N35","v":-418.13195153600009},null,{"$f":"N17-'Target Assumptions'!P35","v":-577.46182814352017},null,{"$f":"P17-'Target Assumptions'!R35","v":-747.94479611356667}]
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[null,"  Net Property, Plant, & Equipment",null,{"$f":"SUM(D16:D17)","v":870.4},null,{"$f":"SUM(F16:F17)","v":858.7},null,{"$f":"SUM(H16:H17)","v":871.40000000000009},null,{"$f":"SUM(J16:J17)","v":757.59694000000002},null,{"$f":"SUM(L16:L17)","v":635.82766580000009},null,{"$f":"SUM(N16:N17)","v":505.53454240600001},null,{"$f":"SUM(P16:P17)","v":366.12090037441999},null,{"$f":"SUM(R16:R17)","v":216.94830340062924}]
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[null,"Goodwill",null,4372.1000000000004,null,4366.7,null,4503.3999999999996,null,{"$f":"H21-'Target Assumptions'!J37","v":4503.3999999999996},null,{"$f":"J21-'Target Assumptions'!L37","v":4503.3999999999996},null,{"$f":"L21-'Target Assumptions'!N37","v":4503.3999999999996},null,{"$f":"N21-'Target Assumptions'!P37","v":4503.3999999999996},null,{"$f":"P21-'Target Assumptions'!R37","v":4503.3999999999996}]
[null,"Intangible Assets",null,2040.2,null,1746.6,null,1525.8,null,{"$f":"H22-'Target Assumptions'!J38","v":1225.8},null,{"$f":"J22-'Target Assumptions'!L38","v":925.8},null,{"$f":"L22-'Target Assumptions'!N38","v":625.79999999999995},null,{"$f":"N22-'Target Assumptions'!P38","v":325.79999999999995},null,{"$f":"P22-'Target Assumptions'!R38","v":25.799999999999955}]
[null,"Deferred Taxes",null,26.8,null,28.8,null,23,null,{"$f":"H23+'Target Assumptions'!J41","v":23},null,{"$f":"J23+'Target Assumptions'!L41","v":23},null,{"$f":"L23+'Target Assumptions'!N41","v":23},null,{"$f":"N23+'Target Assumptions'!P41","v":23},null,{"$f":"P23+'Target Assumptions'!R41","v":23}]
[null,"Equity in Affiliates",null,0,null,0,null,0,null,{"$f":"H24-'Target IS'!J23-'Target Assumptions'!J43","v":0},null,{"$f":"J24-'Target IS'!L23-'Target Assumptions'!L43","v":0},null,{"$f":"L24-'Target IS'!N23-'Target Assumptions'!N43","v":0},null,{"$f":"N24-'Target IS'!P23-'Target Assumptions'!P43","v":0},null,{"$f":"P24-'Target IS'!R23-'Target Assumptions'!R43","v":0}]
[null,"Other",null,130.19999999999999,null,93.6,null,89.2,null,{"$f":"H25+'Target Assumptions'!J27","v":89.2},null,{"$f":"J25+'Target Assumptions'!L27","v":89.2},null,{"$f":"L25+'Target Assumptions'!N27","v":89.2},null,{"$f":"N25+'Target Assumptions'!P27","v":89.2},null,{"$f":"P25+'Target Assumptions'!R27","v":89.2}]
[]
[null,"Total Assets",null,{"$f":"D14+D19+SUM(D21:D25)","v":9486.2000000000007},null,{"$f":"F14+F19+SUM(F21:F25)","v":9188},null,{"$f":"H14+H19+SUM(H21:H25)","v":8638},null,{"$f":"J14+J19+SUM(J21:J25)","v":8705.76438729863},null,{"$f":"L14+L19+SUM(L21:L25)","v":8730.5265258495347},null,{"$f":"N14+N19+SUM(N21:N25)","v":8832.7329197924428},null,{"$f":"P14+P19+SUM(P21:P25)","v":9017.9366754128241},null,{"$f":"R14+R19+SUM(R21:R25)","v":9292.0994286547393}]
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[null,"Accounts Payable",null,174.4,null,178.4,null,186.6,null,{"$f":"('Target Assumptions'!J25*'Target IS'!J11)/365","v":194.20013369863014},null,{"$f":"('Target Assumptions'!L25*'Target IS'!L11)/365","v":207.79414305753431},null,{"$f":"('Target Assumptions'!N25*'Target IS'!N11)/365","v":222.33973307156171},null,{"$f":"('Target Assumptions'!P25*'Target IS'!P11)/365","v":237.90351438657109},null,{"$f":"('Target Assumptions'!R25*'Target IS'!R11)/365","v":254.55676039363104}]
[null,"Other",null,{"$f":"1146.4-174.4","v":972.00000000000011},null,{"$f":"1496.3-178.4","v":1317.8999999999999},null,{"$f":"1192.4-186.6","v":1005.8000000000001},null,{"$f":"'Target IS'!J11*'Target Assumptions'!J26","v":1205.0118296000003},null,{"$f":"'Target IS'!L11*'Target Assumptions'!L26","v":1289.3626576720005},null,{"$f":"'Target IS'!N11*'Target Assumptions'!N26","v":1379.6180437090406},null,{"$f":"'Target IS'!P11*'Target Assumptions'!P26","v":1476.1913067686737},null,{"$f":"'Target IS'!R11*'Target Assumptions'!R26","v":1579.5246982424808}]
[]
[null,"  Current Liabilities",null,{"$f":"SUM(D29:D30)","v":1146.4000000000001},null,{"$f":"SUM(F29:F30)","v":1496.3},null,{"$f":"SUM(H29:H30)","v":1192.4000000000001},null,{"$f":"SUM(J29:J30)","v":1399.2119632986305},null,{"$f":"SUM(L29:L30)","v":1497.1568007295348},null,{"$f":"SUM(N29:N30)","v":1601.9577767806024},null,{"$f":"SUM(P29:P30)","v":1714.0948211552447},null,{"$f":"SUM(R29:R30)","v":1834.0814586361118}]
[]
[null,"Revolving Credit Facility",null,0,null,0,null,0,null,{"$f":"'Target CF'!J51","v":0},null,{"$f":"'Target CF'!L51","v":0},null,{"$f":"'Target CF'!N51","v":0},null,{"$f":"'Target CF'!P51","v":0},null,{"$f":"'Target CF'!R51","v":0}]
[null,"Senior Debt",null,2727.6,null,2297.6999999999998,null,2260.9,null,{"$f":"H35-'Target Assumptions'!J39","v":1960.9},null,{"$f":"J35-'Target Assumptions'!L39","v":1660.9},null,{"$f":"L35-'Target Assumptions'!N39","v":1360.9},null,{"$f":"N35-'Target Assumptions'!P39","v":1060.9000000000001},null,{"$f":"P35-'Target Assumptions'!R39","v":760.90000000000009}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,{"$f":"H36-'Target Assumptions'!J40","v":0},null,{"$f":"J36-'Target Assumptions'!L40","v":0},null,{"$f":"L36-'Target Assumptions'!N40","v":0},null,{"$f":"N36-'Target Assumptions'!P40","v":0},null,{"$f":"P36-'Target Assumptions'!R40","v":0}]
[]
[null,"  Total",null,{"$f":"SUM(D34:D36)","v":2727.6},null,{"$f":"SUM(F34:F36)","v":2297.6999999999998},null,{"$f":"SUM(H34:H36)","v":2260.9},null,{"$f":"SUM(J34:J36)","v":1960.9},null,{"$f":"SUM(L34:L36)","v":1660.9},null,{"$f":"SUM(N34:N36)","v":1360.9},null,{"$f":"SUM(P34:P36)","v":1060.9000000000001},null,{"$f":"SUM(R34:R36)","v":760.90000000000009}]
[]
[null,"Deferred Taxes",null,558,null,410.6,null,287.39999999999998,null,{"$f":"H40+'Target Assumptions'!J42","v":287.39999999999998},null,{"$f":"J40+'Target Assumptions'!L42","v":287.39999999999998},null,{"$f":"L40+'Target Assumptions'!N42","v":287.39999999999998},null,{"$f":"N40+'Target Assumptions'!P42","v":287.39999999999998},null,{"$f":"P40+'Target Assumptions'!R42","v":287.39999999999998}]
[null,"Other",null,{"$f":"145.2+114.7+356.2","v":616.09999999999991},null,{"$f":"190.6+102.9+90.6","v":384.1},null,{"$f":"209.6+106.4+127.9","v":443.9},null,{"$f":"H41+'Target Assumptions'!J28","v":443.9},null,{"$f":"J41+'Target Assumptions'!L28","v":443.9},null,{"$f":"L41+'Target Assumptions'!N28","v":443.9},null,{"$f":"N41+'Target Assumptions'!P28","v":443.9},null,{"$f":"P41+'Target Assumptions'!R28","v":443.9}]
[]
[null,"Total Liabilities",null,{"$f":"D32+D38+SUM(D40:D41)","v":5048.1000000000004},null,{"$f":"F32+F38+SUM(F40:F41)","v":4588.7},null,{"$f":"H32+H38+SUM(H40:H41)","v":4184.6000000000004},null,{"$f":"J32+J38+SUM(J40:J41)","v":4091.4119632986303},null,{"$f":"L32+L38+SUM(L40:L41)","v":3889.3568007295353},null,{"$f":"N32+N38+SUM(N40:N41)","v":3694.1577767806029},null,{"$f":"P32+P38+SUM(P40:P41)","v":3506.2948211552448},null,{"$f":"R32+R38+SUM(R40:R41)","v":3326.2814586361119}]
[]
[null,"Common Stock",null,{"$f":"2.1+5222.9","v":5225},null,{"$f":"2.1+5441.1","v":5443.2000000000007},null,{"$f":"2.1+5731.6","v":5733.7000000000007},null,{"$f":"H45","v":5733.7000000000007},null,{"$f":"J45","v":5733.7000000000007},null,{"$f":"L45","v":5733.7000000000007},null,{"$f":"N45","v":5733.7000000000007},null,{"$f":"P45","v":5733.7000000000007}]
[null,"Preferred Equity",null,0,null,0,null,0,null,{"$f":"H46","v":0},null,{"$f":"J46","v":0},null,{"$f":"L46","v":0},null,{"$f":"N46","v":0},null,{"$f":"P46","v":0}]
[null,"Retained Earnings",null,532.5,null,911,null,1341.8,null,{"$f":"H47+'Target IS'!J38+'Target CF'!J37","v":1502.7524240000002},null,{"$f":"J47+'Target IS'!L38+'Target CF'!L37","v":1729.5697251200004},null,{"$f":"L47+'Target IS'!N38+'Target CF'!N37","v":2026.9751430118408},null,{"$f":"N47+'Target IS'!P38+'Target CF'!P37","v":2400.0418542575799},null,{"$f":"P47+'Target IS'!R38+'Target CF'!R37","v":2854.217970018628}]
[null,"Treasury Stock",null,-1420,null,-1820,null,{"$f":"-2682","v":-2682},null,{"$f":"H48","v":-2682},null,{"$f":"J48","v":-2682},null,{"$f":"L48","v":-2682},null,{"$f":"N48","v":-2682},null,{"$f":"P48","v":-2682}]
[null,"Other Adjustments",null,96.6,null,65.099999999999994,null,59.1,null,{"$f":"H49","v":59.1},null,{"$f":"J49","v":59.1},null,{"$f":"L49","v":59.1},null,{"$f":"N49","v":59.1},null,{"$f":"P49","v":59.1}]
[null,"Noncontrolling Interest",null,4,null,0,null,0.8,null,{"$f":"H50+'Target IS'!J30","v":0.8},null,{"$f":"J50+'Target IS'!L30","v":0.8},null,{"$f":"L50+'Target IS'!N30","v":0.8},null,{"$f":"N50+'Target IS'!P30","v":0.8},null,{"$f":"P50+'Target IS'!R30","v":0.8}]
[null,"Total Stockholders Equity",null,{"$f":"SUM(D45:D50)","v":4438.1000000000004},{"$f":"SUM(E45:E50)","v":0},4599.3000000000011,0,4453.4000000000015,null,{"$f":"SUM(J45:J50)","v":4614.3524240000015},{"$f":"SUM(K45:K50)","v":0},4841.1697251200012,0,5138.5751430118426,0,5511.6418542575811,0,5965.8179700186292]
[]
[null,"Total Liabilities and Equity",null,{"$f":"D43+D51","v":9486.2000000000007},null,{"$f":"F43+F51","v":9188},null,{"$f":"H43+H51","v":8638.0000000000018},null,{"$f":"J43+J51","v":8705.7643872986318},null,{"$f":"L43+L51","v":8730.5265258495365},null,{"$f":"N43+N51","v":8832.7329197924446},null,{"$f":"P43+P51","v":9017.9366754128259},null,{"$f":"R43+R51","v":9292.0994286547411}]
[]
[]
[]
[null,"Reconciliation",null,{"$f":"D53-D27","v":0},null,{"$f":"F53-F27","v":0},null,{"$f":"H53-H27","v":0},null,{"$f":"J53-J27","v":0},null,{"$f":"L53-L27","v":0},null,{"$f":"N53-N27","v":0},null,{"$f":"P53-P27","v":0},null,{"$f":"R53-R27","v":0}]

{"sheet":"Target CF","index":5,"n_rows":54,"n_cols":19,"rows_kept":54,"cut":false,"hidden":false,"merged":[[5,5,5,7]]}
[{"$f":"'Target BS'!A1","v":"Life Technologies (Target)"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Statement of Cash Flow"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,null,null,{"$f":"'Target BS'!D6","v":"Actual"},null,null,null,{"$f":"'Target BS'!J6","v":"Projections for the Period Ending December 31,"}]
[null,null,null,null,null,{"$f":"'Target BS'!F7","v":2012},null,{"$f":"'Target BS'!H7","v":2013},null,{"$f":"'Target BS'!J7","v":2014},null,{"$f":"'Target BS'!L7","v":2015},null,{"$f":"'Target BS'!N7","v":2016},null,{"$f":"'Target BS'!P7","v":2017},null,{"$f":"'Target BS'!R7","v":2018}]
[]
[null,"Net Income",null,null,null,{"$f":"'Target IS'!F38","v":-58.999999999999815},null,{"$f":"'Target IS'!H38","v":1.9000000000001704},null,{"$f":"'Target IS'!J38","v":160.95242400000032},null,{"$f":"'Target IS'!L38","v":226.81730112000017},null,{"$f":"'Target IS'!N38","v":297.40541789184044},null,{"$f":"'Target IS'!P38","v":373.06671124573882},null,{"$f":"'Target IS'!R38","v":454.17611576104815}]
[]
[null,"Depreciation & Amortization",null,null,null,{"$f":"'Target IS'!F46","v":437.5},null,{"$f":"'Target IS'!H46","v":428.9},null,{"$f":"'Target IS'!J46","v":430.06064000000003},null,{"$f":"'Target IS'!L46","v":439.16488480000004},null,{"$f":"'Target IS'!N46","v":448.90642673600007},null,{"$f":"'Target IS'!P46","v":459.32987660752008},null,{"$f":"'Target IS'!R46","v":470.4829679700465}]
[]
[null,"Income from Affiliates, Net of Dividends",null,null,null,{"$f":"'Target IS'!F23-'Target Assumptions'!F43","v":0},null,{"$f":"'Target IS'!H23-'Target Assumptions'!H43","v":0},null,{"$f":"'Target IS'!J23+'Target Assumptions'!J43","v":0},null,{"$f":"'Target IS'!L23+'Target Assumptions'!L43","v":0},null,{"$f":"'Target IS'!N23+'Target Assumptions'!N43","v":0},null,{"$f":"'Target IS'!P23+'Target Assumptions'!P43","v":0},null,{"$f":"'Target IS'!R23+'Target Assumptions'!R43","v":0}]
[]
["Change in"]
[]
[null,"Accounts Receivable",null,null,null,{"$f":"'Target BS'!D10-'Target BS'!F10","v":-49.5},null,{"$f":"'Target BS'!F10-'Target BS'!H10","v":-60.299999999999955},null,{"$f":"'Target BS'!H10-'Target BS'!J10","v":40.315602739725932},null,{"$f":"'Target BS'!J10-'Target BS'!L10","v":-45.98890780821921},null,{"$f":"'Target BS'!L10-'Target BS'!N10","v":-49.208131354794659},null,{"$f":"'Target BS'!N10-'Target BS'!P10","v":-52.652700549630254},null,{"$f":"'Target BS'!P10-'Target BS'!R10","v":-56.338389588104292}]
[null,"Inventory",null,null,null,{"$f":"'Target BS'!D11-'Target BS'!F11","v":-54.799999999999955},null,{"$f":"'Target BS'!F11-'Target BS'!H11","v":-25.600000000000023},null,{"$f":"'Target BS'!H11-'Target BS'!J11","v":-4.3202807671233359},null,{"$f":"'Target BS'!J11-'Target BS'!L11","v":-28.547419653698739},null,{"$f":"'Target BS'!L11-'Target BS'!N11","v":-30.545739029457536},null,{"$f":"'Target BS'!N11-'Target BS'!P11","v":-32.683940761519693},null,{"$f":"'Target BS'!P11-'Target BS'!R11","v":-34.971816614825912}]
[null,"Other Current Assets",null,null,null,{"$f":"'Target BS'!D12-'Target BS'!F12","v":84.4},null,{"$f":"'Target BS'!F12-'Target BS'!H12","v":-51.5},null,{"$f":"'Target BS'!H12-'Target BS'!J12","v":24.558274999999981},null,{"$f":"'Target BS'!J12-'Target BS'!L12","v":-15.647920750000026},null,{"$f":"'Target BS'!L12-'Target BS'!N12","v":-16.743275202500058},null,{"$f":"'Target BS'!N12-'Target BS'!P12","v":-17.915304466674996},null,{"$f":"'Target BS'!P12-'Target BS'!R12","v":-19.169375779342317}]
[null,"Accounts Payable",null,null,null,{"$f":"'Target BS'!F29-'Target BS'!D29","v":4},null,{"$f":"'Target BS'!H29-'Target BS'!F29","v":8.1999999999999886},null,{"$f":"'Target BS'!J29-'Target BS'!H29","v":7.6001336986301453},null,{"$f":"'Target BS'!L29-'Target BS'!J29","v":13.594009358904174},null,{"$f":"'Target BS'!N29-'Target BS'!L29","v":14.545590014027397},null,{"$f":"'Target BS'!P29-'Target BS'!N29","v":15.563781315009379},null,{"$f":"'Target BS'!R29-'Target BS'!P29","v":16.653246007059948}]
[null,"Other Current Liabilities",null,null,null,{"$f":"'Target BS'!F30-'Target BS'!D30","v":345.89999999999975},null,{"$f":"'Target BS'!H30-'Target BS'!F30","v":-312.0999999999998},null,{"$f":"'Target BS'!J30-'Target BS'!H30","v":199.21182960000021},null,{"$f":"'Target BS'!L30-'Target BS'!J30","v":84.35082807200024},null,{"$f":"'Target BS'!N30-'Target BS'!L30","v":90.255386037040125},null,{"$f":"'Target BS'!P30-'Target BS'!N30","v":96.573263059633064},null,{"$f":"'Target BS'!R30-'Target BS'!P30","v":103.33339147380707}]
[null,"Other Assets",null,null,null,{"$f":"'Target BS'!D25-'Target BS'!F25","v":36.599999999999994},null,{"$f":"'Target BS'!F25-'Target BS'!H25","v":4.3999999999999915},null,{"$f":"'Target BS'!H25-'Target BS'!J25","v":0},null,{"$f":"'Target BS'!J25-'Target BS'!L25","v":0},null,{"$f":"'Target BS'!L25-'Target BS'!N25","v":0},null,{"$f":"'Target BS'!N25-'Target BS'!P25","v":0},null,{"$f":"'Target BS'!P25-'Target BS'!R25","v":0}]
[null,"Deferred Taxes",null,null,null,{"$f":"'Target BS'!F40-'Target BS'!D40+'Target BS'!D23-'Target BS'!F23","v":-149.39999999999998},null,{"$f":"'Target BS'!H40-'Target BS'!F40+'Target BS'!F23-'Target BS'!H23","v":-117.40000000000005},null,{"$f":"'Target BS'!J40-'Target BS'!H40+'Target BS'!H23-'Target BS'!J23","v":0},null,{"$f":"'Target BS'!L40-'Target BS'!J40+'Target BS'!J23-'Target BS'!L23","v":0},null,{"$f":"'Target BS'!N40-'Target BS'!L40+'Target BS'!L23-'Target BS'!N23","v":0},null,{"$f":"'Target BS'!P40-'Target BS'!N40+'Target BS'!N23-'Target BS'!P23","v":0},null,{"$f":"'Target BS'!R40-'Target BS'!P40+'Target BS'!P23-'Target BS'!R23","v":0}]
[null,"Minority Interest",null,null,null,{"$f":"'Target BS'!F50-'Target BS'!D50","v":-4},null,{"$f":"'Target BS'!H50-'Target BS'!F50","v":0.8},null,{"$f":"'Target BS'!J50-'Target BS'!H50","v":0},null,{"$f":"'Target BS'!L50-'Target BS'!J50","v":0},null,{"$f":"'Target BS'!N50-'Target BS'!L50","v":0},null,{"$f":"'Target BS'!P50-'Target BS'!N50","v":0},null,{"$f":"'Target BS'!R50-'Target BS'!P50","v":0}]
[null,"OtherLiabilities",null,null,null,{"$f":"'Target BS'!F41-'Target BS'!D41","v":-231.99999999999989},null,{"$f":"'Target BS'!H41-'Target BS'!F41","v":59.799999999999955},null,{"$f":"'Target BS'!J41-'Target BS'!H41","v":0},null,{"$f":"'Target BS'!L41-'Target BS'!J41","v":0},null,{"$f":"'Target BS'!N41-'Target BS'!L41","v":0},null,{"$f":"'Target BS'!P41-'Target BS'!N41","v":0},null,{"$f":"'Target BS'!R41-'Target BS'!P41","v":0}]
[]
["Cash Flow from Operating Activities",null,null,null,null,{"$f":"SUM(F9:F25)","v":359.70000000000016},null,{"$f":"SUM(H9:H25)","v":-62.899999999999764},null,{"$f":"SUM(J9:J25)","v":858.37862427123321},null,{"$f":"SUM(L9:L25)","v":673.74277513898664},null,{"$f":"SUM(N9:N25)","v":754.61567509215581},null,{"$f":"SUM(P9:P25)","v":841.28168645007634},null,{"$f":"SUM(R9:R25)","v":934.16613922968907}]
[]
[null,"Capital Expenditures",null,null,null,{"$f":"-'Target IS'!F47","v":-13.8},null,{"$f":"-'Target IS'!H47","v":-10.3},null,{"$f":"-'Target IS'!J47","v":-16.257580000000001},null,{"$f":"-'Target IS'!L47","v":-17.395610600000005},null,{"$f":"-'Target IS'!N47","v":-18.613303342000005},null,{"$f":"-'Target IS'!P47","v":-19.91623457594001},null,{"$f":"-'Target IS'!R47","v":-21.310370996255809}]
[null,"Acquisitions",null,null,null,-0.1,null,-149,null,0,0,0,0,0,0,0,0,0]
[null,"Sale of Assets",null,null,null,3.4,null,25.5,null,0,null,0,null,0,null,0,null,0]
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[null,"Net Change in Equity",null,null,null,{"$f":"'Target BS'!F45-'Target BS'!D45+'Target BS'!F46-'Target BS'!D46+'Target BS'!F48-'Target BS'!D48+'Target BS'!F49-'Target BS'!D49","v":-213.29999999999927},null,{"$f":"'Target BS'!H45-'Target BS'!F45+'Target BS'!H46-'Target BS'!F46+'Target BS'!H48-'Target BS'!F48+'Target BS'!H49-'Target BS'!F49","v":-577.5},null,{"$f":"'Target BS'!J45-'Target BS'!H45+'Target BS'!J46-'Target BS'!H46+'Target BS'!J48-'Target BS'!H48+'Target BS'!J49-'Target BS'!H49","v":0},null,{"$f":"'Target BS'!L45-'Target BS'!J45+'Target BS'!L46-'Target BS'!J46+'Target BS'!L48-'Target BS'!J48+'Target BS'!L49-'Target BS'!J49","v":0},null,{"$f":"'Target BS'!N45-'Target BS'!L45+'Target BS'!N46-'Target BS'!L46+'Target BS'!N48-'Target BS'!L48+'Target BS'!N49-'Target BS'!L49","v":0},null,{"$f":"'Target BS'!P45-'Target BS'!N45+'Target BS'!P46-'Target BS'!N46+'Target BS'!P48-'Target BS'!N48+'Target BS'!P49-'Target BS'!N49","v":0},null,{"$f":"'Target BS'!R45-'Target BS'!P45+'Target BS'!R46-'Target BS'!P46+'Target BS'!R48-'Target BS'!P48+'Target BS'!R49-'Target BS'!P49","v":0}]
[null,"Net Change in Debt",null,null,null,{"$f":"'Target BS'!F35-'Target BS'!D35+'Target BS'!F36-'Target BS'!D36","v":-429.90000000000009},null,{"$f":"'Target BS'!H35-'Target BS'!F35+'Target BS'!H36-'Target BS'!F36","v":-36.799999999999727},null,{"$f":"'Target BS'!J35-'Target BS'!H35+'Target BS'!J36-'Target BS'!H36","v":-300},null,{"$f":"'Target BS'!L35-'Target BS'!J35+'Target BS'!L36-'Target BS'!J36","v":-300},null,{"$f":"'Target BS'!N35-'Target BS'!L35+'Target BS'!N36-'Target BS'!L36","v":-300},null,{"$f":"'Target BS'!P35-'Target BS'!N35+'Target BS'!P36-'Target BS'!N36","v":-300},null,{"$f":"'Target BS'!R35-'Target BS'!P35+'Target BS'!R36-'Target BS'!P36","v":-300}]
[null,"Dividends Paid",null,null,null,{"$f":"-'Target Assumptions'!F47","v":0},null,{"$f":"-'Target Assumptions'!H47","v":0},null,{"$f":"-'Target Assumptions'!J47","v":0},null,{"$f":"-'Target Assumptions'!L47","v":0},null,{"$f":"-'Target Assumptions'!N47","v":0},null,{"$f":"-'Target Assumptions'!P47","v":0},null,{"$f":"-'Target Assumptions'!R47","v":0}]
[]
["Cash Flow from Financing Activities",null,null,null,null,{"$f":"SUM(F35:F37)","v":-643.19999999999936},null,{"$f":"SUM(H35:H37)","v":-614.29999999999973},null,{"$f":"SUM(J35:J37)","v":-300},null,{"$f":"SUM(L35:L37)","v":-300},null,{"$f":"SUM(N35:N37)","v":-300},null,{"$f":"SUM(P35:P37)","v":-300},null,{"$f":"SUM(R35:R37)","v":-300}]
[]
[null,"Net Change in Cash",null,null,null,{"$f":"F27+F33+F39","v":-293.9999999999992},null,{"$f":"H27+H33+H39","v":-810.99999999999955},null,{"$f":"J27+J33+J39","v":542.12104427123325},null,{"$f":"L27+L33+L39","v":356.34716453898659},null,{"$f":"N27+N33+N39","v":436.00237175015582},null,{"$f":"P27+P33+P39","v":521.36545187413628},null,{"$f":"R27+R33+R39","v":612.85576823343331}]
[]
[null,"Beginning Cash Balance",null,null,null,{"$f":"'Target BS'!D9","v":854.90000000000009},null,{"$f":"'Target BS'!F9","v":882.1},null,{"$f":"'Target BS'!H9","v":276.3},null,{"$f":"'Target BS'!J9","v":818.42104427123331},null,{"$f":"'Target BS'!L9","v":1174.7682088102199},null,{"$f":"'Target BS'!N9","v":1610.7705805603757},null,{"$f":"'Target BS'!P9","v":2132.1360324345119}]
[]
[null,"Cash Available for Revolving Credit",null,null,null,{"$f":"F41+F43","v":560.90000000000089},null,{"$f":"H41+H43","v":71.100000000000477},null,{"$f":"J41+J43","v":818.42104427123331},null,{"$f":"L41+L43","v":1174.7682088102199},null,{"$f":"N41+N43","v":1610.7705805603757},null,{"$f":"P41+P43","v":2132.1360324345119},null,{"$f":"R41+R43","v":2744.9918006679454}]
[]
[]
[]
[null,"Beginning Revolver",null,null,null,null,null,null,null,{"$f":"'Target BS'!H34","v":0},null,{"$f":"'Target BS'!J34","v":0},null,{"$f":"'Target BS'!L34","v":0},null,{"$f":"'Target BS'!N34","v":0},null,{"$f":"'Target BS'!P34","v":0}]
[null,"Total Repayment",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<$F$54,J45-$F$54,J49)","v":0},null,{"$f":"IF(L45-L49<$F$54,L45-$F$54,L49)","v":0},null,{"$f":"IF(N45-N49<$F$54,N45-$F$54,N49)","v":0},null,{"$f":"IF(P45-P49<$F$54,P45-$F$54,P49)","v":0},null,{"$f":"IF(R45-R49<$F$54,R45-$F$54,R49)","v":0}]
[null,"Ending Revolving Credit Facility",null,null,null,null,null,null,null,{"$f":"J49-J50","v":0},null,{"$f":"L49-L50","v":0},null,{"$f":"N49-N50","v":0},null,{"$f":"P49-P50","v":0},null,{"$f":"R49-R50","v":0}]
[null,"Ending Cash",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<0,$F$54,J45-J50)","v":818.42104427123331},null,{"$f":"IF(L45-L49<0,$F$54,L45-L50)","v":1174.7682088102199},null,{"$f":"IF(N45-N49<0,$F$54,N45-N50)","v":1610.7705805603757},null,{"$f":"IF(P45-P49<0,$F$54,P45-P50)","v":2132.1360324345119},null,{"$f":"IF(R45-R49<0,$F$54,R45-R50)","v":2744.9918006679454}]
[]
[null,"Minimum Cash Balance",null,null,null,0]

{"sheet":"Acquirer Assumptions","index":6,"n_rows":59,"n_cols":19,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["Thermo (Acquirer)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Assumptions"]
[null,"($Millions, except per share data)"]
[]
[]
[]
[null,null,null,"Actual",null,null,null,null,null,"Projections for the Period Ending December 31,"]
[null,null,null,2011,null,{"$f":"D7+1","v":2012},null,{"$f":"F7+1","v":2013},null,{"$f":"H7+1","v":2014},null,{"$f":"J7+1","v":2015},null,{"$f":"L7+1","v":2016},null,{"$f":"N7+1","v":2017},null,{"$f":"P7+1","v":2018}]
[]
[null,"Income Statement"]
[]
[null,"Sales Growth",null,"NA",null,{"$f":"+IF(ISERROR('Acquirer IS'!F9/'Acquirer IS'!D9-1),0,'Acquirer IS'!F9/'Acquirer IS'!D9-1)","v":0.11216095293993122},{"$f":"+IF(ISERROR('Acquirer IS'!G9/'Acquirer IS'!E9-1),0,'Acquirer IS'!G9/'Acquirer IS'!E9-1)","v":0},9.1999999999999998E-2,null,0.08,null,{"$f":"J11","v":0.08},{"$f":"K11","v":0},0.08,0,0.08,0,0.08]
[null,"COGS as a % of Sales",null,{"$f":"+IF(ISERROR('Acquirer IS'!D11/'Acquirer IS'!D9),0,'Acquirer IS'!D11/'Acquirer IS'!D9)","v":0.58996834438233048},{"$f":"+IF(ISERROR('Acquirer IS'!E11/'Acquirer IS'!E9),0,'Acquirer IS'!E11/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F11/'Acquirer IS'!F9),0,'Acquirer IS'!F11/'Acquirer IS'!F9)","v":0.5852510641243035},{"$f":"+IF(ISERROR('Acquirer IS'!G11/'Acquirer IS'!G9),0,'Acquirer IS'!G11/'Acquirer IS'!G9)","v":0},0.56799999999999995,null,0.56000000000000005,null,{"$f":"J12","v":0.56000000000000005},null,{"$f":"L12","v":0.56000000000000005},null,{"$f":"N12","v":0.56000000000000005},null,{"$f":"P12","v":0.56000000000000005}]
[null,"SG&A % annual Increase (Decrease)",null,"NA",null,{"$f":"+IF(ISERROR('Acquirer IS'!F15/'Acquirer IS'!D15-1),0,'Acquirer IS'!F15/'Acquirer IS'!D15-1)","v":0.13841248900615644},{"$f":"+IF(ISERROR('Acquirer IS'!G15/'Acquirer IS'!E15-1),0,'Acquirer IS'!G15/'Acquirer IS'!E15-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H15/'Acquirer IS'!F15-1),0,'Acquirer IS'!H15/'Acquirer IS'!F15-1)","v":7.9961371318203689E-2},null,7.0000000000000007E-2,null,7.0000000000000007E-2,null,7.0000000000000007E-2,null,7.0000000000000007E-2,null,7.0000000000000007E-2]
[null,"Other Operating Expense as a % of Sales",null,{"$f":"+IF(ISERROR('Acquirer IS'!D16/'Acquirer IS'!D9),0,'Acquirer IS'!D16/'Acquirer IS'!D9)","v":3.3156613522433147E-2},{"$f":"+IF(ISERROR('Acquirer IS'!E16/'Acquirer IS'!E9),0,'Acquirer IS'!E16/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F16/'Acquirer IS'!F9),0,'Acquirer IS'!F16/'Acquirer IS'!F9)","v":3.7780738484963841E-2},{"$f":"+IF(ISERROR('Acquirer IS'!G16/'Acquirer IS'!G9),0,'Acquirer IS'!G16/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H16/'Acquirer IS'!H9),0,'Acquirer IS'!H16/'Acquirer IS'!H9)","v":3.6650972429835574E-2},null,3.3000000000000002E-2,null,3.3000000000000002E-2,null,3.3000000000000002E-2,null,3.3000000000000002E-2,null,3.3000000000000002E-2]
[null,"Income from Affiliates Growth",null,"NA",null,{"$f":"IF('Acquirer IS'!D23=0,0,'Acquirer IS'!F23/'Acquirer IS'!D23-1)","v":0},null,{"$f":"IF('Acquirer IS'!F23=0,0,'Acquirer IS'!H23/'Acquirer IS'!F23-1)","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Minority Interest - % of Earnings",null,{"$f":"'Acquirer IS'!D30/('Acquirer IS'!D28-'Acquirer IS'!D31)","v":0},null,{"$f":"'Acquirer IS'!F30/('Acquirer IS'!F28-'Acquirer IS'!F31)","v":0},null,{"$f":"'Acquirer IS'!H30/('Acquirer IS'!H28-'Acquirer IS'!H31)","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"EBITDA Growth",null,"NA",null,{"$f":"+IF(ISERROR('Acquirer IS'!F49/'Acquirer IS'!D49-1),0,'Acquirer IS'!F49/'Acquirer IS'!D49-1)","v":5.2773335577812608E-2},{"$f":"+IF(ISERROR('Acquirer IS'!G49/'Acquirer IS'!E49-1),0,'Acquirer IS'!G49/'Acquirer IS'!E49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H49/'Acquirer IS'!F49-1),0,'Acquirer IS'!H49/'Acquirer IS'!F49-1)","v":0.18492165014390793},{"$f":"+IF(ISERROR('Acquirer IS'!I49/'Acquirer IS'!G49-1),0,'Acquirer IS'!I49/'Acquirer IS'!G49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!J49/'Acquirer IS'!H49-1),0,'Acquirer IS'!J49/'Acquirer IS'!H49-1)","v":0.28811054854598139},{"$f":"+IF(ISERROR('Acquirer IS'!K49/'Acquirer IS'!I49-1),0,'Acquirer IS'!K49/'Acquirer IS'!I49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!L49/'Acquirer IS'!J49-1),0,'Acquirer IS'!L49/'Acquirer IS'!J49-1)","v":9.8803241037549228E-2},{"$f":"+IF(ISERROR('Acquirer IS'!M49/'Acquirer IS'!K49-1),0,'Acquirer IS'!M49/'Acquirer IS'!K49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!N49/'Acquirer IS'!L49-1),0,'Acquirer IS'!N49/'Acquirer IS'!L49-1)","v":9.8310346346611732E-2},{"$f":"+IF(ISERROR('Acquirer IS'!O49/'Acquirer IS'!M49-1),0,'Acquirer IS'!O49/'Acquirer IS'!M49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!P49/'Acquirer IS'!N49-1),0,'Acquirer IS'!P49/'Acquirer IS'!N49-1)","v":9.7838373876786955E-2},{"$f":"+IF(ISERROR('Acquirer IS'!Q49/'Acquirer IS'!O49-1),0,'Acquirer IS'!Q49/'Acquirer IS'!O49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!R49/'Acquirer IS'!P49-1),0,'Acquirer IS'!R49/'Acquirer IS'!P49-1)","v":9.7386038329814628E-2}]
[null,"EBITDA Margin",null,{"$f":"+IF(ISERROR('Acquirer IS'!D49/'Acquirer IS'!D9),0,'Acquirer IS'!D49/'Acquirer IS'!D9)","v":0.11431622903657239},{"$f":"+IF(ISERROR('Acquirer IS'!E49/'Acquirer IS'!E9),0,'Acquirer IS'!E49/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F49/'Acquirer IS'!F9),0,'Acquirer IS'!F49/'Acquirer IS'!F9)","v":0.10821192511333355},{"$f":"+IF(ISERROR('Acquirer IS'!G49/'Acquirer IS'!G9),0,'Acquirer IS'!G49/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H49/'Acquirer IS'!H9),0,'Acquirer IS'!H49/'Acquirer IS'!H9)","v":0.11847416845858078},{"$f":"+IF(ISERROR('Acquirer IS'!I49/'Acquirer IS'!I9),0,'Acquirer IS'!I49/'Acquirer IS'!I9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!J49/'Acquirer IS'!J9),0,'Acquirer IS'!J49/'Acquirer IS'!J9)","v":0.14130354270528842},{"$f":"+IF(ISERROR('Acquirer IS'!K49/'Acquirer IS'!K9),0,'Acquirer IS'!K49/'Acquirer IS'!K9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!L49/'Acquirer IS'!L9),0,'Acquirer IS'!L49/'Acquirer IS'!L9)","v":0.14376369508764689},{"$f":"+IF(ISERROR('Acquirer IS'!M49/'Acquirer IS'!M9),0,'Acquirer IS'!M49/'Acquirer IS'!M9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!N49/'Acquirer IS'!N9),0,'Acquirer IS'!N49/'Acquirer IS'!N9)","v":0.14620106828127977},{"$f":"+IF(ISERROR('Acquirer IS'!O49/'Acquirer IS'!O9),0,'Acquirer IS'!O49/'Acquirer IS'!O9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!P49/'Acquirer IS'!P9),0,'Acquirer IS'!P49/'Acquirer IS'!P9)","v":0.14861587320460118},{"$f":"+IF(ISERROR('Acquirer IS'!Q49/'Acquirer IS'!Q9),0,'Acquirer IS'!Q49/'Acquirer IS'!Q9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!R49/'Acquirer IS'!R9),0,'Acquirer IS'!R49/'Acquirer IS'!R9)","v":0.15100831882307716}]
[]
[null,"Balance Sheet"]
[]
[null,"Receivable Days",null,{"$f":"+IF(ISERROR(('Acquirer BS'!D10/'Acquirer IS'!D9)*365),0,('Acquirer BS'!D10/'Acquirer IS'!D9)*365)","v":51.76256362394281},{"$f":"+IF(ISERROR(('Acquirer BS'!E10/'Acquirer IS'!E9)*365),0,('Acquirer BS'!E10/'Acquirer IS'!E9)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!F10/'Acquirer IS'!F9)*365),0,('Acquirer BS'!F10/'Acquirer IS'!F9)*365)","v":55.693540851991564},{"$f":"+IF(ISERROR(('Acquirer BS'!G10/'Acquirer IS'!G9)*365),0,('Acquirer BS'!G10/'Acquirer IS'!G9)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!H10/'Acquirer IS'!H9)*365),0,('Acquirer BS'!H10/'Acquirer IS'!H9)*365)","v":52.661372193222974},null,51,null,{"$f":"J22","v":51},{"$f":"K22","v":0},51,0,51,0,51]
[null,"Inventory Days",null,{"$f":"+IF(ISERROR(('Acquirer BS'!D11/'Acquirer IS'!D11)*365),0,('Acquirer BS'!D11/'Acquirer IS'!D11)*365)","v":69.79621958379542},{"$f":"+IF(ISERROR(('Acquirer BS'!E11/'Acquirer IS'!E11)*365),0,('Acquirer BS'!E11/'Acquirer IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!F11/'Acquirer IS'!F11)*365),0,('Acquirer BS'!F11/'Acquirer IS'!F11)*365)","v":71.766571073793756},{"$f":"+IF(ISERROR(('Acquirer BS'!G11/'Acquirer IS'!G11)*365),0,('Acquirer BS'!G11/'Acquirer IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!H11/'Acquirer IS'!H11)*365),0,('Acquirer BS'!H11/'Acquirer IS'!H11)*365)","v":73.021249168330002},null,71,null,{"$f":"J23","v":71},null,{"$f":"L23","v":71},null,{"$f":"N23","v":71},null,{"$f":"P23","v":71}]
[null,"Oth Cur Assets % of Sales",null,{"$f":"+IF(ISERROR('Acquirer BS'!D12/'Acquirer IS'!D9),0,'Acquirer BS'!D12/'Acquirer IS'!D9)","v":5.4180177232971874E-2},{"$f":"+IF(ISERROR('Acquirer BS'!E12/'Acquirer IS'!E9),0,'Acquirer BS'!E12/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!F12/'Acquirer IS'!F9),0,'Acquirer BS'!F12/'Acquirer IS'!F9)","v":6.1208775997508395E-2},{"$f":"+IF(ISERROR('Acquirer BS'!G12/'Acquirer IS'!G9),0,'Acquirer BS'!G12/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!H12/'Acquirer IS'!H9),0,'Acquirer BS'!H12/'Acquirer IS'!H9)","v":5.8457701500411671E-2},null,5.1999999999999998E-2,null,5.1999999999999998E-2,null,5.1999999999999998E-2,null,5.1999999999999998E-2,null,5.1999999999999998E-2]
[null,"Days in Accounts Payable",null,{"$f":"+IF(ISERROR(('Acquirer BS'!D29/'Acquirer IS'!D11)*365),0,('Acquirer BS'!D29/'Acquirer IS'!D11)*365)","v":32.525931241437796},{"$f":"+IF(ISERROR(('Acquirer BS'!E29/'Acquirer IS'!E11)*365),0,('Acquirer BS'!E29/'Acquirer IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!F29/'Acquirer IS'!F11)*365),0,('Acquirer BS'!F29/'Acquirer IS'!F11)*365)","v":33.037118614001898},{"$f":"+IF(ISERROR(('Acquirer BS'!G29/'Acquirer IS'!G11)*365),0,('Acquirer BS'!G29/'Acquirer IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!H29/'Acquirer IS'!H11)*365),0,('Acquirer BS'!H29/'Acquirer IS'!H11)*365)","v":32.450515635395874},null,33,null,33,null,33,null,33,null,33]
[null,"Oth Cur Liab % of COGS",null,{"$f":"+IF(ISERROR('Acquirer BS'!D30/'Acquirer IS'!D11),0,'Acquirer BS'!D30/'Acquirer IS'!D11)","v":0.18965685954726338},{"$f":"+IF(ISERROR('Acquirer BS'!E30/'Acquirer IS'!E11),0,'Acquirer BS'!E30/'Acquirer IS'!E11)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!F30/'Acquirer IS'!F11),0,'Acquirer BS'!F30/'Acquirer IS'!F11)","v":0.36967833491012303},{"$f":"+IF(ISERROR('Acquirer BS'!G30/'Acquirer IS'!G11),0,'Acquirer BS'!G30/'Acquirer IS'!G11)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!H30/'Acquirer IS'!H11),0,'Acquirer BS'!H30/'Acquirer IS'!H11)","v":0.20125027722333114},null,0.21,null,0.21,null,0.21,null,0.21,null,0.21]
[null,"Change in Other Assets",null,"NA",null,{"$f":"'Acquirer BS'!F25-'Acquirer BS'!D25","v":-332.70000000000005},null,{"$f":"'Acquirer BS'!H25-'Acquirer BS'!F25","v":-6.8999999999999773},null,0,null,0,null,0,null,0,null,0]
[null,"Change in Other LT Liabilities",null,"NA",null,{"$f":"'Acquirer BS'!F41-'Acquirer BS'!D41","v":77},null,{"$f":"'Acquirer BS'!H41-'Acquirer BS'!F41","v":110.20000000000005},null,0,null,0,null,0,null,0,null,0]
[null,"Working Capital/Sales (Excl Cash & Debt)",null,{"$f":"+IF(ISERROR((SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/'Acquirer IS'!D9),0,(SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/'Acquirer IS'!D9)","v":0.14434576786521824},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/'Acquirer IS'!E9),0,(SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/'Acquirer IS'!F9),0,(SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/'Acquirer IS'!F9)","v":5.9539052496798965E-2},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/'Acquirer IS'!G9),0,(SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/'Acquirer IS'!H9),0,(SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/'Acquirer IS'!H9)","v":0.15077658494472376},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/'Acquirer IS'!I9),0,(SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/'Acquirer IS'!I9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/'Acquirer IS'!J9),0,(SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/'Acquirer IS'!J9)","v":0.13242739726027397},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/'Acquirer IS'!K9),0,(SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/'Acquirer IS'!K9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/'Acquirer IS'!L9),0,(SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/'Acquirer IS'!L9)","v":0.13242739726027397},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/'Acquirer IS'!M9),0,(SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/'Acquirer IS'!M9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/'Acquirer IS'!N9),0,(SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/'Acquirer IS'!N9)","v":0.13242739726027394},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/'Acquirer IS'!O9),0,(SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/'Acquirer IS'!O9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/'Acquirer IS'!P9),0,(SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/'Acquirer IS'!P9)","v":0.13242739726027394},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/'Acquirer IS'!Q9),0,(SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/'Acquirer IS'!Q9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/'Acquirer IS'!R9),0,(SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/'Acquirer IS'!R9)","v":0.13242739726027394}]
[]
[null,"Cash Flow"]
[]
[null,"Capital Expenditures",null,245.4,null,260.89999999999998,null,1083.4000000000001,null,{"$f":"J34*'Acquirer IS'!J9","v":878.1949800000001},null,{"$f":"L34*'Acquirer IS'!L9","v":948.45057840000015},null,{"$f":"N34*'Acquirer IS'!N9","v":1024.3266246720002},null,{"$f":"P34*'Acquirer IS'!P9","v":1106.2727546457602},null,{"$f":"R34*'Acquirer IS'!R9","v":1194.7745750174211}]
[null,"Capex as a % of Sales",null,{"$f":"+IF(ISERROR(D33/'Acquirer IS'!D9),0,D33/'Acquirer IS'!D9)","v":2.3611819380165686E-2},{"$f":"+IF(ISERROR(E33/'Acquirer IS'!E9),0,E33/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR(F33/'Acquirer IS'!F9),0,F33/'Acquirer IS'!F9)","v":2.2571547219434544E-2},{"$f":"+IF(ISERROR(G33/'Acquirer IS'!G9),0,G33/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR(H33/'Acquirer IS'!H9),0,H33/'Acquirer IS'!H9)","v":8.6603410099201444E-2},{"$f":"+IF(ISERROR(I33/'Acquirer IS'!I9),0,I33/'Acquirer IS'!I9)","v":0},6.5000000000000002E-2,{"$f":"+IF(ISERROR(K33/'Acquirer IS'!K9),0,K33/'Acquirer IS'!K9)","v":0},{"$f":"J34","v":6.5000000000000002E-2},{"$f":"+IF(ISERROR(M33/'Acquirer IS'!M9),0,M33/'Acquirer IS'!M9)","v":0},{"$f":"L34","v":6.5000000000000002E-2},{"$f":"+IF(ISERROR(O33/'Acquirer IS'!O9),0,O33/'Acquirer IS'!O9)","v":0},{"$f":"N34","v":6.5000000000000002E-2},{"$f":"+IF(ISERROR(Q33/'Acquirer IS'!Q9),0,Q33/'Acquirer IS'!Q9)","v":0},{"$f":"P34","v":6.5000000000000002E-2}]
[null,"Depreciation",null,739.7,null,895.6,null,983.7,null,{"$f":"J36*'Acquirer IS'!J9","v":1013.3019},null,{"$f":"L36*'Acquirer IS'!L9","v":1094.3660520000001},null,{"$f":"N36*'Acquirer IS'!N9","v":1181.9153361600002},null,{"$f":"P36*'Acquirer IS'!P9","v":1276.4685630528002},null,{"$f":"R36*'Acquirer IS'!R9","v":1378.5860480970243}]
[null,"Depreciation as a % of Sales",null,{"$f":"+IF(ISERROR(D35/'Acquirer IS'!D9),0,D35/'Acquirer IS'!D9)","v":7.1172220030597227E-2},{"$f":"+IF(ISERROR(E35/'Acquirer IS'!E9),0,E35/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR(F35/'Acquirer IS'!F9),0,F35/'Acquirer IS'!F9)","v":7.7482091566598618E-2},{"$f":"+IF(ISERROR(G35/'Acquirer IS'!G9),0,G35/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR(H35/'Acquirer IS'!H9),0,H35/'Acquirer IS'!H9)","v":7.8633722092103064E-2},null,7.4999999999999997E-2,null,{"$f":"J36","v":7.4999999999999997E-2},null,{"$f":"L36","v":7.4999999999999997E-2},null,{"$f":"N36","v":7.4999999999999997E-2},null,{"$f":"P36","v":7.4999999999999997E-2}]
[null,"Goodwill Amortization (pre-6/2001)",null,0,null,0,null,0,null,0,null,{"$f":"J37","v":0},null,{"$f":"L37","v":0},null,{"$f":"N37","v":0},null,{"$f":"P37","v":0}]
[null,"Amortization of Intangibles",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Retirement of Senior Debt",null,505.4,null,1.4,null,354.5,null,500,null,500,null,500,null,500,null,500]
[null,"Retirement of Subordinated Debt",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Asset",null,"NA",null,{"$f":"'Acquirer BS'!F23-'Acquirer BS'!D23","v":0},null,{"$f":"'Acquirer BS'!H23-'Acquirer BS'!F23","v":0},null,{"$f":"AVERAGE(F41:H41)","v":0},null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Liab",null,"NA",null,{"$f":"'Acquirer BS'!F40-'Acquirer BS'!D40","v":602.70000000000027},null,{"$f":"'Acquirer BS'!H40-'Acquirer BS'!F40","v":-182.10000000000014},null,{"$f":"AVERAGE(F42:H42)","v":210.30000000000007},null,210.30000000000007,null,210.30000000000007,null,210.30000000000007,null,210.30000000000007]
[null,"Dividend from Affiliates",null,0,null,0,null,0,null,{"$f":"J44*-'Acquirer IS'!J23","v":0},null,{"$f":"L44*-'Acquirer IS'!L23","v":0},null,{"$f":"N44*-'Acquirer IS'!N23","v":0},null,{"$f":"P44*-'Acquirer IS'!P23","v":0},null,{"$f":"R44*-'Acquirer IS'!R23","v":0}]
[null,"Payout Ratio of Affiliates",null,{"$f":"IF('Acquirer IS'!D23=0,0,D43/-'Acquirer IS'!D23)","v":0},null,{"$f":"IF('Acquirer IS'!F23=0,0,F43/-'Acquirer IS'!F23)","v":0},null,{"$f":"IF('Acquirer IS'!H23=0,0,H43/-'Acquirer IS'!H23)","v":0},null,0,null,{"$f":"J44","v":0},null,{"$f":"L44","v":0},null,{"$f":"N44","v":0},null,{"$f":"P44","v":0}]
[null,"Dividends per Share",null,0,null,0,null,0,null,{"$f":"IF(J46=0,0,J46*'Acquirer IS'!J53)","v":0},null,{"$f":"IF(L46=0,0,L46*'Acquirer IS'!L53)","v":0},null,{"$f":"IF(N46=0,0,N46*'Acquirer IS'!N53)","v":0},null,{"$f":"IF(P46=0,0,P46*'Acquirer IS'!P53)","v":0},null,{"$f":"IF(R46=0,0,R46*'Acquirer IS'!R53)","v":0}]
[null,"Dividend Payout Ratio",null,{"$f":"+IF(ISERROR(D45/'Acquirer IS'!D53),0,D45/'Acquirer IS'!D53)","v":0},{"$f":"+IF(ISERROR(E45/'Acquirer IS'!E53),0,E45/'Acquirer IS'!E53)","v":0},{"$f":"+IF(ISERROR(F45/'Acquirer IS'!F53),0,F45/'Acquirer IS'!F53)","v":0},{"$f":"+IF(ISERROR(G45/'Acquirer IS'!G53),0,G45/'Acquirer IS'!G53)","v":0},{"$f":"+IF(ISERROR(H45/'Acquirer IS'!H53),0,H45/'Acquirer IS'!H53)","v":0},null,0,null,{"$f":"J46","v":0},null,{"$f":"L46","v":0},null,{"$f":"N46","v":0},null,{"$f":"P46","v":0}]
[null,"Dividends Paid",null,{"$f":"D45*D53","v":0},null,{"$f":"F45*F53","v":0},null,{"$f":"H45*H53","v":0},null,{"$f":"J45*J53","v":0},null,{"$f":"L45*L53","v":0},null,{"$f":"N45*N53","v":0},null,{"$f":"P45*P53","v":0},null,{"$f":"R45*R53","v":0}]
[null,"Effective Tax Rate",null,{"$f":"+IF(ISERROR('Acquirer IS'!D31/'Acquirer IS'!D28),0,'Acquirer IS'!D31/'Acquirer IS'!D28)","v":0.29195402298850526},{"$f":"+IF(ISERROR('Acquirer IS'!E31/'Acquirer IS'!E28),0,'Acquirer IS'!E31/'Acquirer IS'!E28)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F31/'Acquirer IS'!F28),0,'Acquirer IS'!F31/'Acquirer IS'!F28)","v":0.4612141652613832},{"$f":"+IF(ISERROR('Acquirer IS'!G31/'Acquirer IS'!G28),0,'Acquirer IS'!G31/'Acquirer IS'!G28)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H31/'Acquirer IS'!H28),0,'Acquirer IS'!H31/'Acquirer IS'!H28)","v":3.8501925096254858E-2},null,0.26,null,{"$f":"J48","v":0.26},null,{"$f":"L48","v":0.26},null,{"$f":"N48","v":0.26},null,{"$f":"P48","v":0.26}]
[null,"Marginal Tax Rate",null,0.4,0.4,0.4,0.4,0.4,null,0.4,0.4,0.4,0.4,0.4,0.4,0.4,0.4,0.4]
[]
[null,"Other"]
[]
[null,"Shares Outstanding - Basic",null,0,null,0,null,358.1,null,358.1,null,{"$f":"J53","v":358.1},null,{"$f":"L53","v":358.1},null,{"$f":"N53","v":358.1},null,{"$f":"P53","v":358.1}]
[null,"Shares Outstanding - Diluted",null,0,null,0,null,361.7,null,361.7,null,{"$f":"J54","v":361.7},null,{"$f":"L54","v":361.7},null,{"$f":"N54","v":361.7},null,{"$f":"P54","v":361.7}]
[null,"Revolving Credit Facility Rate",null,0,null,0,null,0,null,0.02,0,0,0,0,0,0,0,0]
[null,"Senior Debt Rate",null,0,null,0,null,0,null,0.05,null,{"$f":"J56","v":0.05},null,{"$f":"L56","v":0.05},null,{"$f":"N56","v":0.05},null,{"$f":"P56","v":0.05}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,0.1,null,{"$f":"J57","v":0.1},null,{"$f":"L57","v":0.1},null,{"$f":"N57","v":0.1},null,{"$f":"P57","v":0.1}]
[null,"Average Interest Rate",null,"NA",null,{"$f":"IF(AVERAGE('Acquirer BS'!D38:F38)=0,0,'Acquirer IS'!F26/AVERAGE('Acquirer BS'!D38:F38))","v":0},null,{"$f":"IF(AVERAGE('Acquirer BS'!F38:H38)=0,0,'Acquirer IS'!H26/AVERAGE('Acquirer BS'!F38:H38))","v":0},null,{"$f":"IF(AVERAGE('Acquirer BS'!H38:J38)=0,0,'Acquirer IS'!J26/AVERAGE('Acquirer BS'!H38:J38))","v":0.05},{"$f":"IF(AVERAGE('Acquirer BS'!I38:K38)=0,0,'Acquirer IS'!K26/AVERAGE('Acquirer BS'!I38:K38))","v":0},{"$f":"IF(AVERAGE('Acquirer BS'!J38:L38)=0,0,'Acquirer IS'!L26/AVERAGE('Acquirer BS'!J38:L38))","v":0.05},null,{"$f":"IF(AVERAGE('Acquirer BS'!L38:N38)=0,0,'Acquirer IS'!N26/AVERAGE('Acquirer BS'!L38:N38))","v":0.05},null,{"$f":"IF(AVERAGE('Acquirer BS'!N38:P38)=0,0,'Acquirer IS'!P26/AVERAGE('Acquirer BS'!N38:P38))","v":0.05},null,{"$f":"IF(AVERAGE('Acquirer BS'!P38:R38)=0,0,'Acquirer IS'!R26/AVERAGE('Acquirer BS'!P38:R38))","v":0.05}]
[null,"Marketable Securities Rate",null,0,null,0,null,0,null,0,null,{"$f":"J59","v":0},null,{"$f":"L59","v":0},null,{"$f":"N59","v":0},null,{"$f":"P59","v":0}]

{"sheet":"Acquirer IS","index":7,"n_rows":57,"n_cols":22,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Acquirer Assumptions'!A1","v":"Thermo (Acquirer)"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Income Statement"]
["($Millions except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Acquirer Assumptions'!D6","v":"Actual"},null,null,null,null,null,{"$f":"'Acquirer Assumptions'!J6","v":"Projections for the Period Ending December 31,"},null,null,null,null,null,null,null,null,null,null,1," 0 = circ off"]
[null,null,null,{"$f":"'Acquirer Assumptions'!D7","v":2011},null,{"$f":"'Acquirer Assumptions'!F7","v":2012},null,{"$f":"'Acquirer Assumptions'!H7","v":2013},null,{"$f":"'Acquirer Assumptions'!J7","v":2014},null,{"$f":"'Acquirer Assumptions'!L7","v":2015},null,{"$f":"'Acquirer Assumptions'!N7","v":2016},null,{"$f":"'Acquirer Assumptions'!P7","v":2017},null,{"$f":"'Acquirer Assumptions'!R7","v":2018},null,null,null," 1 = circ on"]
[]
[null,"Sales",null,10393.1,null,11558.8,null,12509.9,null,{"$f":"H9*(1+'Acquirer Assumptions'!J11)","v":13510.692000000001},null,{"$f":"J9*(1+'Acquirer Assumptions'!L11)","v":14591.547360000002},null,{"$f":"L9*(1+'Acquirer Assumptions'!N11)","v":15758.871148800003},null,{"$f":"N9*(1+'Acquirer Assumptions'!P11)","v":17019.580840704002},null,{"$f":"P9*(1+'Acquirer Assumptions'!R11)","v":18381.147307960324}]
[]
[null,"  Cost of Goods Sold",null,{"$f":"5264.7+866.9","v":6131.5999999999995},null,{"$f":"5733.4+1031.4","v":6764.7999999999993},null,{"$f":"6101.3+1113.1","v":7214.4},null,{"$f":"J9*'Acquirer Assumptions'!J12","v":7565.9875200000015},null,{"$f":"L9*'Acquirer Assumptions'!L12","v":8171.2665216000023},null,{"$f":"N9*'Acquirer Assumptions'!N12","v":8824.9678433280023},null,{"$f":"P9*'Acquirer Assumptions'!P12","v":9530.9652707942423},null,{"$f":"R9*'Acquirer Assumptions'!R12","v":10293.442492457782}]
[]
[null,"Gross Profit",null,{"$f":"D9-D11","v":4261.5000000000009},null,{"$f":"F9-F11","v":4794},null,{"$f":"H9-H11","v":5295.5},null,{"$f":"J9-J11","v":5944.7044799999994},null,{"$f":"L9-L11","v":6420.2808384},null,{"$f":"N9-N11","v":6933.9033054720003},null,{"$f":"P9-P11","v":7488.6155699097599},null,{"$f":"R9-R11","v":8087.7048155025423}]
[]
[null,"  SG&A",null,2728.8,null,3106.5,null,3354.9,null,{"$f":"H15*(1+'Acquirer Assumptions'!J13)","v":3589.7430000000004},null,{"$f":"J15*(1+'Acquirer Assumptions'!L13)","v":3841.0250100000007},null,{"$f":"L15*(1+'Acquirer Assumptions'!N13)","v":4109.8967607000013},null,{"$f":"N15*(1+'Acquirer Assumptions'!P13)","v":4397.5895339490016},null,{"$f":"P15*(1+'Acquirer Assumptions'!R13)","v":4705.420801325432}]
[null,"  Other Operating Expense",null,{"$f":"284.4+60.2","v":344.59999999999997},null,{"$f":"340.2+96.5","v":436.7},null,{"$f":"376.4+82.1","v":458.5},null,{"$f":"J9*'Acquirer Assumptions'!J14","v":445.85283600000002},null,{"$f":"L9*'Acquirer Assumptions'!L14","v":481.5210628800001},null,{"$f":"N9*'Acquirer Assumptions'!N14","v":520.04274791040007},null,{"$f":"P9*'Acquirer Assumptions'!P14","v":561.64616774323213},null,{"$f":"R9*'Acquirer Assumptions'!R14","v":606.57786116269074}]
[null,"  Depreciation",null,{"$f":"'Acquirer Assumptions'!D35","v":739.7},null,{"$f":"'Acquirer Assumptions'!F35","v":895.6},null,{"$f":"'Acquirer Assumptions'!H35","v":983.7},null,{"$f":"'Acquirer Assumptions'!J35","v":1013.3019},null,{"$f":"'Acquirer Assumptions'!L35","v":1094.3660520000001},null,{"$f":"'Acquirer Assumptions'!N35","v":1181.9153361600002},null,{"$f":"'Acquirer Assumptions'!P35","v":1276.4685630528002},null,{"$f":"'Acquirer Assumptions'!R35","v":1378.5860480970243}]
[null,"  Amortization",null,{"$f":"'Acquirer Assumptions'!D37+'Acquirer Assumptions'!D38","v":0},null,{"$f":"'Acquirer Assumptions'!F37+'Acquirer Assumptions'!F38","v":0},null,{"$f":"'Acquirer Assumptions'!H37+'Acquirer Assumptions'!H38","v":0},null,{"$f":"'Acquirer Assumptions'!J37+'Acquirer Assumptions'!J38","v":0},null,{"$f":"'Acquirer Assumptions'!L37+'Acquirer Assumptions'!L38","v":0},null,{"$f":"'Acquirer Assumptions'!N37+'Acquirer Assumptions'!N38","v":0},null,{"$f":"'Acquirer Assumptions'!P37+'Acquirer Assumptions'!P38","v":0},null,{"$f":"'Acquirer Assumptions'!R37+'Acquirer Assumptions'!R38","v":0}]
[]
[null,"EBIT",null,{"$f":"D13-SUM(D15:D18)","v":448.40000000000055},null,{"$f":"F13-SUM(F15:F18)","v":355.19999999999982},null,{"$f":"H13-SUM(H15:H18)","v":498.39999999999964},null,{"$f":"J13-SUM(J15:J18)","v":895.80674399999862},null,{"$f":"L13-SUM(L15:L18)","v":1003.3687135199989},null,{"$f":"N13-SUM(N15:N18)","v":1122.0484607015987},null,{"$f":"P13-SUM(P15:P18)","v":1252.9113051647255},null,{"$f":"R13-SUM(R15:R18)","v":1397.1201049173951}]
[]
[null,"  Unusual (Gain) Loss",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"  (Income) from Affiliates",null,0,null,0,null,0,null,{"$f":"H23*(1+'Acquirer Assumptions'!J15)","v":0},null,{"$f":"J23*(1+'Acquirer Assumptions'!L15)","v":0},null,{"$f":"L23*(1+'Acquirer Assumptions'!N15)","v":0},null,{"$f":"N23*(1+'Acquirer Assumptions'!P15)","v":0},null,{"$f":"P23*(1+'Acquirer Assumptions'!R15)","v":0}]
[null,"  Other Expense (Income)",null,100.4,null,118,null,212.7,null,0,null,{"$f":"J24","v":0},null,{"$f":"L24","v":0},null,0,null,0]
[null,"  Interest (Income)",null,0,null,0,null,0,null,{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!J59*AVERAGE('Acquirer BS'!H9:J9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!K59*AVERAGE('Acquirer BS'!I9:K9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!L59*AVERAGE('Acquirer BS'!J9:L9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!M59*AVERAGE('Acquirer BS'!K9:M9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!N59*AVERAGE('Acquirer BS'!L9:N9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!O59*AVERAGE('Acquirer BS'!M9:O9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!P59*AVERAGE('Acquirer BS'!N9:P9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!Q59*AVERAGE('Acquirer BS'!O9:Q9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!R59*AVERAGE('Acquirer BS'!P9:R9))","v":0}]
[null,"  Interest Expense",null,0,null,0,null,0,null,{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!J55*AVERAGE('Acquirer BS'!H34:J34)+'Acquirer Assumptions'!J56*AVERAGE('Acquirer BS'!H35:J35)+'Acquirer Assumptions'!J57*'Acquirer BS'!H36:J36)","v":339.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!K55*AVERAGE('Acquirer BS'!I34:K34)+'Acquirer Assumptions'!K56*AVERAGE('Acquirer BS'!I35:K35)+'Acquirer Assumptions'!K57*'Acquirer BS'!I36:K36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!L55*AVERAGE('Acquirer BS'!J34:L34)+'Acquirer Assumptions'!L56*AVERAGE('Acquirer BS'!J35:L35)+'Acquirer Assumptions'!L57*'Acquirer BS'!J36:L36)","v":314.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!M55*AVERAGE('Acquirer BS'!K34:M34)+'Acquirer Assumptions'!M56*AVERAGE('Acquirer BS'!K35:M35)+'Acquirer Assumptions'!M57*'Acquirer BS'!K36:M36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!N55*AVERAGE('Acquirer BS'!L34:N34)+'Acquirer Assumptions'!N56*AVERAGE('Acquirer BS'!L35:N35)+'Acquirer Assumptions'!N57*'Acquirer BS'!L36:N36)","v":289.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!O55*AVERAGE('Acquirer BS'!M34:O34)+'Acquirer Assumptions'!O56*AVERAGE('Acquirer BS'!M35:O35)+'Acquirer Assumptions'!O57*'Acquirer BS'!M36:O36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!P55*AVERAGE('Acquirer BS'!N34:P34)+'Acquirer Assumptions'!P56*AVERAGE('Acquirer BS'!N35:P35)+'Acquirer Assumptions'!P57*'Acquirer BS'!N36:P36)","v":264.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!Q55*AVERAGE('Acquirer BS'!O34:Q34)+'Acquirer Assumptions'!Q56*AVERAGE('Acquirer BS'!O35:Q35)+'Acquirer Assumptions'!Q57*'Acquirer BS'!O36:Q36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!R55*AVERAGE('Acquirer BS'!P34:R34)+'Acquirer Assumptions'!R56*AVERAGE('Acquirer BS'!P35:R35)+'Acquirer Assumptions'!R57*'Acquirer BS'!P36:R36)","v":239.06}]
[]
[null,"Earnings before Taxes",null,{"$f":"D20-SUM(D22:D26)","v":348.00000000000057},null,{"$f":"F20-SUM(F22:F26)","v":237.19999999999982},null,{"$f":"H20-SUM(H22:H26)","v":285.69999999999965},null,{"$f":"J20-SUM(J22:J26)","v":556.74674399999867},null,{"$f":"L20-SUM(L22:L26)","v":689.30871351999895},null,{"$f":"N20-SUM(N22:N26)","v":832.9884607015988},null,{"$f":"P20-SUM(P22:P26)","v":988.85130516472555},null,{"$f":"R20-SUM(R22:R26)","v":1158.0601049173952}]
[]
[null,"  Noncontrolling Interest",null,0,null,0,null,0,null,{"$f":"'Acquirer Assumptions'!J16*(J28-J31)","v":0},null,{"$f":"'Acquirer Assumptions'!L16*(L28-L31)","v":0},null,{"$f":"'Acquirer Assumptions'!N16*(N28-N31)","v":0},null,{"$f":"'Acquirer Assumptions'!P16*(P28-P31)","v":0},null,{"$f":"'Acquirer Assumptions'!R16*(R28-R31)","v":0}]
[null,"  Taxes",null,101.6,null,109.4,null,11,null,{"$f":"J28*'Acquirer Assumptions'!J48","v":144.75415343999967},null,{"$f":"L28*'Acquirer Assumptions'!L48","v":179.22026551519974},null,{"$f":"N28*'Acquirer Assumptions'!N48","v":216.5769997824157},null,{"$f":"P28*'Acquirer Assumptions'!P48","v":257.10133934282862},null,{"$f":"R28*'Acquirer Assumptions'!R48","v":301.09562727852273}]
[]
[null,"Net Income before Extra Items",null,{"$f":"D28-D30-D31","v":246.40000000000057},null,{"$f":"F28-F30-F31","v":127.79999999999981},null,{"$f":"H28-H30-H31","v":274.69999999999965},null,{"$f":"J28-J30-J31","v":411.99259055999903},null,{"$f":"L28-L30-L31","v":510.0884480047992},null,{"$f":"N28-N30-N31","v":616.41146091918313},null,{"$f":"P28-P30-P31","v":731.74996582189692},null,{"$f":"R28-R30-R31","v":856.96447763887249}]
[]
[null,"  Extraordinary Items",null,47,null,1.7,null,-19.2,null,0,null,0,null,0,null,0,null,0]
[null,"  Discontinued Operations",null,2.5,0,304.8,0,-61.3,null,0,0,0,0,0,0,0,0,0]
[]
[null,"Net Income after Extra Items",null,{"$f":"D33+D35+D36","v":295.90000000000055},null,{"$f":"F33+F35+F36","v":434.29999999999984},null,{"$f":"H33+H35+H36","v":194.19999999999965},null,{"$f":"J33+J35+J36","v":411.99259055999903},null,{"$f":"L33+L35+L36","v":510.0884480047992},null,{"$f":"N33+N35+N36","v":616.41146091918313},null,{"$f":"P33+P35+P36","v":731.74996582189692},null,{"$f":"R33+R35+R36","v":856.96447763887249}]
[]
[null,"EPS - Basic",null,{"$f":"+IF(ISERROR(D33/'Acquirer Assumptions'!D53),0,D33/'Acquirer Assumptions'!D53)","v":0},{"$f":"+IF(ISERROR(E33/'Acquirer Assumptions'!E53),0,E33/'Acquirer Assumptions'!E53)","v":0},{"$f":"+IF(ISERROR(F33/'Acquirer Assumptions'!F53),0,F33/'Acquirer Assumptions'!F53)","v":0},{"$f":"+IF(ISERROR(G33/'Acquirer Assumptions'!G53),0,G33/'Acquirer Assumptions'!G53)","v":0},{"$f":"+IF(ISERROR(H33/'Acquirer Assumptions'!H53),0,H33/'Acquirer Assumptions'!H53)","v":0.76710416084892386},{"$f":"+IF(ISERROR(I33/'Acquirer Assumptions'!I53),0,I33/'Acquirer Assumptions'!I53)","v":0},{"$f":"+IF(ISERROR(J33/'Acquirer Assumptions'!J53),0,J33/'Acquirer Assumptions'!J53)","v":1.150495924490363},{"$f":"+IF(ISERROR(K33/'Acquirer Assumptions'!K53),0,K33/'Acquirer Assumptions'!K53)","v":0},{"$f":"+IF(ISERROR(L33/'Acquirer Assumptions'!L53),0,L33/'Acquirer Assumptions'!L53)","v":1.4244301815269456},{"$f":"+IF(ISERROR(M33/'Acquirer Assumptions'!M53),0,M33/'Acquirer Assumptions'!M53)","v":0},{"$f":"+IF(ISERROR(N33/'Acquirer Assumptions'!N53),0,N33/'Acquirer Assumptions'!N53)","v":1.721338902315507},{"$f":"+IF(ISERROR(O33/'Acquirer Assumptions'!O53),0,O33/'Acquirer Assumptions'!O53)","v":0},{"$f":"+IF(ISERROR(P33/'Acquirer Assumptions'!P53),0,P33/'Acquirer Assumptions'!P53)","v":2.0434235292429404},{"$f":"+IF(ISERROR(Q33/'Acquirer Assumptions'!Q53),0,Q33/'Acquirer Assumptions'!Q53)","v":0},{"$f":"+IF(ISERROR(R33/'Acquirer Assumptions'!R53),0,R33/'Acquirer Assumptions'!R53)","v":2.3930870640571698}]
[]
[null,"EPS - Diluted",null,{"$f":"+IF(ISERROR(D33/'Acquirer Assumptions'!D54),0,D33/'Acquirer Assumptions'!D54)","v":0},{"$f":"+IF(ISERROR(E33/'Acquirer Assumptions'!E54),0,E33/'Acquirer Assumptions'!E54)","v":0},{"$f":"+IF(ISERROR(F33/'Acquirer Assumptions'!F54),0,F33/'Acquirer Assumptions'!F54)","v":0},{"$f":"+IF(ISERROR(G33/'Acquirer Assumptions'!G54),0,G33/'Acquirer Assumptions'!G54)","v":0},{"$f":"+IF(ISERROR(H33/'Acquirer Assumptions'!H54),0,H33/'Acquirer Assumptions'!H54)","v":0.75946917334807762},{"$f":"+IF(ISERROR(I33/'Acquirer Assumptions'!I54),0,I33/'Acquirer Assumptions'!I54)","v":0},{"$f":"+IF(ISERROR(J33/'Acquirer Assumptions'!J54),0,J33/'Acquirer Assumptions'!J54)","v":1.1390450388719908},{"$f":"+IF(ISERROR(K33/'Acquirer Assumptions'!K54),0,K33/'Acquirer Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR(L33/'Acquirer Assumptions'!L54),0,L33/'Acquirer Assumptions'!L54)","v":1.4102528283240232},{"$f":"+IF(ISERROR(M33/'Acquirer Assumptions'!M54),0,M33/'Acquirer Assumptions'!M54)","v":0},{"$f":"+IF(ISERROR(N33/'Acquirer Assumptions'!N54),0,N33/'Acquirer Assumptions'!N54)","v":1.7042064166966633},{"$f":"+IF(ISERROR(O33/'Acquirer Assumptions'!O54),0,O33/'Acquirer Assumptions'!O54)","v":0},{"$f":"+IF(ISERROR(P33/'Acquirer Assumptions'!P54),0,P33/'Acquirer Assumptions'!P54)","v":2.0230853354213352},{"$f":"+IF(ISERROR(Q33/'Acquirer Assumptions'!Q54),0,Q33/'Acquirer Assumptions'!Q54)","v":0},{"$f":"+IF(ISERROR(R33/'Acquirer Assumptions'!R54),0,R33/'Acquirer Assumptions'!R54)","v":2.3692686691702307}]
[]
[null,"Other Financial Data"]
[]
[null,"Depreciation & Amortization",null,{"$f":"'Acquirer Assumptions'!D35+'Acquirer Assumptions'!D37+'Acquirer Assumptions'!D38","v":739.7},null,{"$f":"'Acquirer Assumptions'!F35+'Acquirer Assumptions'!F37+'Acquirer Assumptions'!F38","v":895.6},null,{"$f":"'Acquirer Assumptions'!H35+'Acquirer Assumptions'!H37+'Acquirer Assumptions'!H38","v":983.7},null,{"$f":"'Acquirer Assumptions'!J35+'Acquirer Assumptions'!J37+'Acquirer Assumptions'!J38","v":1013.3019},null,{"$f":"'Acquirer Assumptions'!L35+'Acquirer Assumptions'!L37+'Acquirer Assumptions'!L38","v":1094.3660520000001},null,{"$f":"'Acquirer Assumptions'!N35+'Acquirer Assumptions'!N37+'Acquirer Assumptions'!N38","v":1181.9153361600002},null,{"$f":"'Acquirer Assumptions'!P35+'Acquirer Assumptions'!P37+'Acquirer Assumptions'!P38","v":1276.4685630528002},null,{"$f":"'Acquirer Assumptions'!R35+'Acquirer Assumptions'!R37+'Acquirer Assumptions'!R38","v":1378.5860480970243}]
[null,"Capital Expenditures",null,{"$f":"'Acquirer Assumptions'!D33","v":245.4},null,{"$f":"'Acquirer Assumptions'!F33","v":260.89999999999998},null,{"$f":"'Acquirer Assumptions'!H33","v":1083.4000000000001},null,{"$f":"'Acquirer Assumptions'!J33","v":878.1949800000001},null,{"$f":"'Acquirer Assumptions'!L33","v":948.45057840000015},null,{"$f":"'Acquirer Assumptions'!N33","v":1024.3266246720002},null,{"$f":"'Acquirer Assumptions'!P33","v":1106.2727546457602},null,{"$f":"'Acquirer Assumptions'!R33","v":1194.7745750174211}]
[]
[null,"EBITDA",null,{"$f":"D20+D46","v":1188.1000000000006},null,{"$f":"F20+F46","v":1250.7999999999997},null,{"$f":"H20+H46","v":1482.0999999999997},null,{"$f":"J20+J46","v":1909.1086439999985},null,{"$f":"L20+L46","v":2097.7347655199992},null,{"$f":"N20+N46","v":2303.9637968615989},null,{"$f":"P20+P46","v":2529.3798682175257},null,{"$f":"R20+R46","v":2775.7061530144192}]
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[null,"EPS (Excluding Unusual Items)",null,{"$f":"IF(ISERROR((D33+D22*(1-'Acquirer Assumptions'!D48))/'Acquirer Assumptions'!D54),0,(D33+D22*(1-'Acquirer Assumptions'!D48))/'Acquirer Assumptions'!D54)","v":0},{"$f":"IF(ISERROR((E33+E22*(1-'Acquirer Assumptions'!E48))/'Acquirer Assumptions'!E54),0,(E33+E22*(1-'Acquirer Assumptions'!E48))/'Acquirer Assumptions'!E54)","v":0},{"$f":"IF(ISERROR((F33+F22*(1-'Acquirer Assumptions'!F48))/'Acquirer Assumptions'!F54),0,(F33+F22*(1-'Acquirer Assumptions'!F48))/'Acquirer Assumptions'!F54)","v":0},{"$f":"IF(ISERROR((G33+G22*(1-'Acquirer Assumptions'!G48))/'Acquirer Assumptions'!G54),0,(G33+G22*(1-'Acquirer Assumptions'!G48))/'Acquirer Assumptions'!G54)","v":0},{"$f":"IF(ISERROR((H33+H22*(1-'Acquirer Assumptions'!H48))/'Acquirer Assumptions'!H54),0,(H33+H22*(1-'Acquirer Assumptions'!H48))/'Acquirer Assumptions'!H54)","v":0.75946917334807762},{"$f":"IF(ISERROR((I33+I22*(1-'Acquirer Assumptions'!I48))/'Acquirer Assumptions'!I54),0,(I33+I22*(1-'Acquirer Assumptions'!I48))/'Acquirer Assumptions'!I54)","v":0},{"$f":"IF(ISERROR((J33+J22*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54),0,(J33+J22*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54)","v":1.1390450388719908},{"$f":"IF(ISERROR((K33+K22*(1-'Acquirer Assumptions'!K48))/'Acquirer Assumptions'!K54),0,(K33+K22*(1-'Acquirer Assumptions'!K48))/'Acquirer Assumptions'!K54)","v":0},{"$f":"IF(ISERROR((L33+L22*(1-'Acquirer Assumptions'!L48))/'Acquirer Assumptions'!L54),0,(L33+L22*(1-'Acquirer Assumptions'!L48))/'Acquirer Assumptions'!L54)","v":1.4102528283240232},{"$f":"IF(ISERROR((M33+M22*(1-'Acquirer Assumptions'!M48))/'Acquirer Assumptions'!M54),0,(M33+M22*(1-'Acquirer Assumptions'!M48))/'Acquirer Assumptions'!M54)","v":0},{"$f":"IF(ISERROR((N33+N22*(1-'Acquirer Assumptions'!N48))/'Acquirer Assumptions'!N54),0,(N33+N22*(1-'Acquirer Assumptions'!N48))/'Acquirer Assumptions'!N54)","v":1.7042064166966633},{"$f":"IF(ISERROR((O33+O22*(1-'Acquirer Assumptions'!O48))/'Acquirer Assumptions'!O54),0,(O33+O22*(1-'Acquirer Assumptions'!O48))/'Acquirer Assumptions'!O54)","v":0},{"$f":"IF(ISERROR((P33+P22*(1-'Acquirer Assumptions'!P48))/'Acquirer Assumptions'!P54),0,(P33+P22*(1-'Acquirer Assumptions'!P48))/'Acquirer Assumptions'!P54)","v":2.0230853354213352},{"$f":"IF(ISERROR((Q33+Q22*(1-'Acquirer Assumptions'!Q48))/'Acquirer Assumptions'!Q54),0,(Q33+Q22*(1-'Acquirer Assumptions'!Q48))/'Acquirer Assumptions'!Q54)","v":0},{"$f":"IF(ISERROR((R33+R22*(1-'Acquirer Assumptions'!R48))/'Acquirer Assumptions'!R54),0,(R33+R22*(1-'Acquirer Assumptions'!R48))/'Acquirer Assumptions'!R54)","v":2.3692686691702307}]
[]
[null,"Cash EPS",null,null,null,{"$f":"+IF(ISERROR('Acquirer CF'!F27/'Acquirer Assumptions'!F54),0,'Acquirer CF'!F27/'Acquirer Assumptions'!F54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!G27/'Acquirer Assumptions'!G54),0,'Acquirer CF'!G27/'Acquirer Assumptions'!G54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!H27/'Acquirer Assumptions'!H54),0,'Acquirer CF'!H27/'Acquirer Assumptions'!H54)","v":-0.23527785457561648},{"$f":"+IF(ISERROR('Acquirer CF'!I27/'Acquirer Assumptions'!I54),0,'Acquirer CF'!I27/'Acquirer Assumptions'!I54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!J27/'Acquirer Assumptions'!J54),0,'Acquirer CF'!J27/'Acquirer Assumptions'!J54)","v":4.7901816804390203},{"$f":"+IF(ISERROR('Acquirer CF'!K27/'Acquirer Assumptions'!K54),0,'Acquirer CF'!K27/'Acquirer Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!L27/'Acquirer Assumptions'!L54),0,'Acquirer CF'!L27/'Acquirer Assumptions'!L54)","v":4.6215638315321614},{"$f":"+IF(ISERROR('Acquirer CF'!M27/'Acquirer Assumptions'!M54),0,'Acquirer CF'!M27/'Acquirer Assumptions'!M54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!N27/'Acquirer Assumptions'!N54),0,'Acquirer CF'!N27/'Acquirer Assumptions'!N54)","v":5.1259086147868347},{"$f":"+IF(ISERROR('Acquirer CF'!O27/'Acquirer Assumptions'!O54),0,'Acquirer CF'!O27/'Acquirer Assumptions'!O54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!P27/'Acquirer Assumptions'!P54),0,'Acquirer CF'!P27/'Acquirer Assumptions'!P54)","v":5.6720100239840985},{"$f":"+IF(ISERROR('Acquirer CF'!Q27/'Acquirer Assumptions'!Q54),0,'Acquirer CF'!Q27/'Acquirer Assumptions'!Q54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!R27/'Acquirer Assumptions'!R54),0,'Acquirer CF'!R27/'Acquirer Assumptions'!R54)","v":6.263593647443396}]
[]
[null,"Dividends per share",null,null,null,{"$f":"'Acquirer Assumptions'!F45","v":0},null,{"$f":"'Acquirer Assumptions'!H45","v":0},null,{"$f":"'Acquirer Assumptions'!J45","v":0},null,{"$f":"'Acquirer Assumptions'!L45","v":0},null,{"$f":"'Acquirer Assumptions'!N45","v":0},null,{"$f":"'Acquirer Assumptions'!P45","v":0},null,{"$f":"'Acquirer Assumptions'!R45","v":0}]
[]
[null,"Dividend-adjusted Cash EPS",null,null,null,{"$f":"F53-F55","v":0},null,{"$f":"H53-H55","v":-0.23527785457561648},null,{"$f":"J53-J55","v":4.7901816804390203},null,{"$f":"L53-L55","v":4.6215638315321614},null,{"$f":"N53-N55","v":5.1259086147868347},null,{"$f":"P53-P55","v":5.6720100239840985},null,{"$f":"R53-R55","v":6.263593647443396}]

{"sheet":"Acquirer BS","index":8,"n_rows":57,"n_cols":19,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Acquirer Assumptions'!A1","v":"Thermo (Acquirer)"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance Sheet"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Acquirer IS'!D6","v":"Actual"},null,null,null,null,null,{"$f":"'Acquirer IS'!J6","v":"Projections for the Period Ending December 31,"}]
[null,null,null,{"$f":"'Acquirer IS'!D7","v":2011},null,{"$f":"'Acquirer IS'!F7","v":2012},null,{"$f":"'Acquirer IS'!H7","v":2013},null,{"$f":"'Acquirer IS'!J7","v":2014},null,{"$f":"'Acquirer IS'!L7","v":2015},null,{"$f":"'Acquirer IS'!N7","v":2016},null,{"$f":"'Acquirer IS'!P7","v":2017},null,{"$f":"'Acquirer IS'!R7","v":2018}]
[]
[null,"Cash and ST Investments",null,{"$f":"917.8+8.7","v":926.5},null,{"$f":"1016.3+4.3","v":1020.5999999999999},null,{"$f":"851+4.3","v":855.3},null,{"$f":"'Acquirer CF'!J52","v":1209.7137338147932},null,{"$f":"'Acquirer CF'!L52","v":1432.8827932799759},null,{"$f":"'Acquirer CF'!N52","v":1762.5973145763737},null,{"$f":"'Acquirer CF'!P52","v":2207.8905856056617},null,{"$f":"'Acquirer CF'!R52","v":2778.6578328685173}]
[null,"Accounts Receivable",null,1473.9,null,1763.7,null,1804.9,null,{"$f":"('Acquirer Assumptions'!J22*'Acquirer IS'!J9)/365","v":1887.7953205479453},null,{"$f":"('Acquirer Assumptions'!L22*'Acquirer IS'!L9)/365","v":2038.8189461917812},null,{"$f":"('Acquirer Assumptions'!N22*'Acquirer IS'!N9)/365","v":2201.9244618871235},null,{"$f":"('Acquirer Assumptions'!P22*'Acquirer IS'!P9)/365","v":2378.0784188380935},null,{"$f":"('Acquirer Assumptions'!R22*'Acquirer IS'!R9)/365","v":2568.3246923451411}]
[null,"Inventory",null,1172.5,null,1330.1,null,1443.3,null,{"$f":"('Acquirer Assumptions'!J23*'Acquirer IS'!J11)/365","v":1471.7400381369866},null,{"$f":"('Acquirer Assumptions'!L23*'Acquirer IS'!L11)/365","v":1589.4792411879457},null,{"$f":"('Acquirer Assumptions'!N23*'Acquirer IS'!N11)/365","v":1716.6375804829813},null,{"$f":"('Acquirer Assumptions'!P23*'Acquirer IS'!P11)/365","v":1853.9685869216198},null,{"$f":"('Acquirer Assumptions'!R23*'Acquirer IS'!R11)/365","v":2002.2860738753495}]
[null,"Other",null,{"$f":"181.6+381.5","v":563.1},null,{"$f":"157.8+549.7","v":707.5},null,{"$f":"182+549.3","v":731.3},null,{"$f":"'Acquirer IS'!J9*'Acquirer Assumptions'!J24","v":702.55598399999997},null,{"$f":"'Acquirer IS'!L9*'Acquirer Assumptions'!L24","v":758.76046272000008},null,{"$f":"'Acquirer IS'!N9*'Acquirer Assumptions'!N24","v":819.46129973760014},null,{"$f":"'Acquirer IS'!P9*'Acquirer Assumptions'!P24","v":885.01820371660813},null,{"$f":"'Acquirer IS'!R9*'Acquirer Assumptions'!R24","v":955.81966001393675}]
[]
[null,"  Current Assets",null,{"$f":"SUM(D9:D12)","v":4136},null,{"$f":"SUM(F9:F12)","v":4821.8999999999996},null,{"$f":"SUM(H9:H12)","v":4834.8},null,{"$f":"SUM(J9:J12)","v":5271.8050764997251},null,{"$f":"SUM(L9:L12)","v":5819.9414433797028},null,{"$f":"SUM(N9:N12)","v":6500.6206566840783},null,{"$f":"SUM(P9:P12)","v":7324.9557950819835},null,{"$f":"SUM(R9:R12)","v":8305.088259102944}]
[]
[null,"Property, Plant, & Equipment",null,4135.6000000000004,null,1611.3,null,1726.4,null,{"$f":"H16+'Acquirer Assumptions'!J33","v":2604.5949800000003},null,{"$f":"J16+'Acquirer Assumptions'!L33","v":3553.0455584000006},null,{"$f":"L16+'Acquirer Assumptions'!N33","v":4577.3721830720006},null,{"$f":"N16+'Acquirer Assumptions'!P33","v":5683.6449377177605},null,{"$f":"P16+'Acquirer Assumptions'!R33","v":6878.4195127351813}]
[null,"Accumulated Depreciation",null,0,null,0,null,0,null,{"$f":"H17-'Acquirer Assumptions'!J35","v":-1013.3019},null,{"$f":"J17-'Acquirer Assumptions'!L35","v":-2107.6679520000002},null,{"$f":"L17-'Acquirer Assumptions'!N35","v":-3289.5832881600004},null,{"$f":"N17-'Acquirer Assumptions'!P35","v":-4566.0518512128001},null,{"$f":"P17-'Acquirer Assumptions'!R35","v":-5944.6378993098242}]
[]
[null,"  Net Property, Plant, & Equipment",null,1360.7,null,{"$f":"SUM(F16:F17)","v":1611.3},null,{"$f":"SUM(H16:H17)","v":1726.4},null,{"$f":"SUM(J16:J17)","v":1591.2930800000004},null,{"$f":"SUM(L16:L17)","v":1445.3776064000003},null,{"$f":"SUM(N16:N17)","v":1287.7888949120002},null,{"$f":"SUM(P16:P17)","v":1117.5930865049604},null,{"$f":"SUM(R16:R17)","v":933.78161342535714}]
[]
[null,"Goodwill",null,8995.2000000000007,null,11973.3,null,12474.5,null,{"$f":"H21-'Acquirer Assumptions'!J37","v":12474.5},null,{"$f":"J21-'Acquirer Assumptions'!L37","v":12474.5},null,{"$f":"L21-'Acquirer Assumptions'!N37","v":12474.5},null,{"$f":"N21-'Acquirer Assumptions'!P37","v":12474.5},null,{"$f":"P21-'Acquirer Assumptions'!R37","v":12474.5}]
[null,"Intangible Assets",null,5913.2,null,7815.9,null,7804.5,null,{"$f":"H22-'Acquirer Assumptions'!J38","v":7804.5},null,{"$f":"J22-'Acquirer Assumptions'!L38","v":7804.5},null,{"$f":"L22-'Acquirer Assumptions'!N38","v":7804.5},null,{"$f":"N22-'Acquirer Assumptions'!P38","v":7804.5},null,{"$f":"P22-'Acquirer Assumptions'!R38","v":7804.5}]
[null,"Deferred Taxes",null,0,null,0,null,0,null,{"$f":"H23+'Acquirer Assumptions'!J41","v":0},null,{"$f":"J23+'Acquirer Assumptions'!L41","v":0},null,{"$f":"L23+'Acquirer Assumptions'!N41","v":0},null,{"$f":"N23+'Acquirer Assumptions'!P41","v":0},null,{"$f":"P23+'Acquirer Assumptions'!R41","v":0}]
[null,"Equity in Affiliates",null,0,null,0,null,0,null,{"$f":"H24-'Acquirer IS'!J23-'Acquirer Assumptions'!J43","v":0},null,{"$f":"J24-'Acquirer IS'!L23-'Acquirer Assumptions'!L43","v":0},null,{"$f":"L24-'Acquirer IS'!N23-'Acquirer Assumptions'!N43","v":0},null,{"$f":"N24-'Acquirer IS'!P23-'Acquirer Assumptions'!P43","v":0},null,{"$f":"P24-'Acquirer IS'!R23-'Acquirer Assumptions'!R43","v":0}]
[null,"Other",null,944,null,611.29999999999995,null,604.4,null,{"$f":"H25+'Acquirer Assumptions'!J27","v":604.4},null,{"$f":"J25+'Acquirer Assumptions'!L27","v":604.4},null,{"$f":"L25+'Acquirer Assumptions'!N27","v":604.4},null,{"$f":"N25+'Acquirer Assumptions'!P27","v":604.4},null,{"$f":"P25+'Acquirer Assumptions'!R27","v":604.4}]
[]
[null,"Total Assets",null,{"$f":"D14+D19+SUM(D21:D25)","v":21349.100000000002},null,{"$f":"F14+F19+SUM(F21:F25)","v":26833.699999999997},null,{"$f":"H14+H19+SUM(H21:H25)","v":27444.600000000002},null,{"$f":"J14+J19+SUM(J21:J25)","v":27746.498156499729},null,{"$f":"L14+L19+SUM(L21:L25)","v":28148.719049779706},null,{"$f":"N14+N19+SUM(N21:N25)","v":28671.809551596081},null,{"$f":"P14+P19+SUM(P21:P25)","v":29325.948881586944},null,{"$f":"R14+R19+SUM(R21:R25)","v":30122.269872528304}]
[]
[null,"Accounts Payable",null,546.4,null,612.29999999999995,null,641.4,null,{"$f":"('Acquirer Assumptions'!J25*'Acquirer IS'!J11)/365","v":684.04818673972613},null,{"$f":"('Acquirer Assumptions'!L25*'Acquirer IS'!L11)/365","v":738.77204167890432},null,{"$f":"('Acquirer Assumptions'!N25*'Acquirer IS'!N11)/365","v":797.87380501321672},null,{"$f":"('Acquirer Assumptions'!P25*'Acquirer IS'!P11)/365","v":861.70370941427393},null,{"$f":"('Acquirer Assumptions'!R25*'Acquirer IS'!R11)/365","v":930.64000616741589}]
[null,"Other",null,{"$f":"105.9+304.5+158.1+594.4","v":1162.9000000000001},null,{"$f":"3113.1-612.3","v":2500.8000000000002},null,{"$f":"2093.3-641.4","v":1451.9},null,{"$f":"'Acquirer IS'!J11*'Acquirer Assumptions'!J26","v":1588.8573792000002},null,{"$f":"'Acquirer IS'!L11*'Acquirer Assumptions'!L26","v":1715.9659695360003},null,{"$f":"'Acquirer IS'!N11*'Acquirer Assumptions'!N26","v":1853.2432470988804},null,{"$f":"'Acquirer IS'!P11*'Acquirer Assumptions'!P26","v":2001.5027068667907},null,{"$f":"'Acquirer IS'!R11*'Acquirer Assumptions'!R26","v":2161.6229234161342}]
[]
[null,"  Current Liabilities",null,{"$f":"SUM(D29:D30)","v":1709.3000000000002},null,{"$f":"SUM(F29:F30)","v":3113.1000000000004},null,{"$f":"SUM(H29:H30)","v":2093.3000000000002},null,{"$f":"SUM(J29:J30)","v":2272.9055659397263},null,{"$f":"SUM(L29:L30)","v":2454.7380112149049},null,{"$f":"SUM(N29:N30)","v":2651.1170521120971},null,{"$f":"SUM(P29:P30)","v":2863.2064162810648},null,{"$f":"SUM(R29:R30)","v":3092.26292958355}]
[]
[null,"Revolving Credit Facility",null,0,null,0,null,0,null,{"$f":"'Acquirer CF'!J51","v":0},null,{"$f":"'Acquirer CF'!L51","v":0},null,{"$f":"'Acquirer CF'!N51","v":0},null,{"$f":"'Acquirer CF'!P51","v":0},null,{"$f":"'Acquirer CF'!R51","v":0}]
[null,"Senor Debt",null,2031.6,null,5755.2,null,7031.2,null,{"$f":"H35-'Acquirer Assumptions'!J39","v":6531.2},null,{"$f":"J35-'Acquirer Assumptions'!L39","v":6031.2},null,{"$f":"L35-'Acquirer Assumptions'!N39","v":5531.2},null,{"$f":"N35-'Acquirer Assumptions'!P39","v":5031.2},null,{"$f":"P35-'Acquirer Assumptions'!R39","v":4531.2}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,{"$f":"H36-'Acquirer Assumptions'!J40","v":0},null,{"$f":"J36-'Acquirer Assumptions'!L40","v":0},null,{"$f":"L36-'Acquirer Assumptions'!N40","v":0},null,{"$f":"N36-'Acquirer Assumptions'!P40","v":0},null,{"$f":"P36-'Acquirer Assumptions'!R40","v":0}]
[]
[null,"  Total",null,{"$f":"SUM(D34:D36)","v":2031.6},null,{"$f":"SUM(F34:F36)","v":5755.2},null,{"$f":"SUM(H34:H36)","v":7031.2},null,{"$f":"SUM(J34:J36)","v":6531.2},null,{"$f":"SUM(L34:L36)","v":6031.2},null,{"$f":"SUM(N34:N36)","v":5531.2},null,{"$f":"SUM(P34:P36)","v":5031.2},null,{"$f":"SUM(R34:R36)","v":4531.2}]
[]
[null,"Deferred Taxes",null,1626.6,null,2229.3000000000002,null,2047.2,null,{"$f":"H40+'Acquirer Assumptions'!J42","v":2257.5},null,{"$f":"J40+'Acquirer Assumptions'!L42","v":2467.8000000000002},null,{"$f":"L40+'Acquirer Assumptions'!N42","v":2678.1000000000004},null,{"$f":"N40+'Acquirer Assumptions'!P42","v":2888.4000000000005},null,{"$f":"P40+'Acquirer Assumptions'!R42","v":3098.7000000000007}]
[null,"Other",null,621,null,698,null,808.2,null,{"$f":"H41+'Acquirer Assumptions'!J28","v":808.2},null,{"$f":"J41+'Acquirer Assumptions'!L28","v":808.2},null,{"$f":"L41+'Acquirer Assumptions'!N28","v":808.2},null,{"$f":"N41+'Acquirer Assumptions'!P28","v":808.2},null,{"$f":"P41+'Acquirer Assumptions'!R28","v":808.2}]
[]
[null,"Total Liabilities",null,{"$f":"D32+D38+SUM(D40:D41)","v":5988.5},null,{"$f":"F32+F38+SUM(F40:F41)","v":11795.599999999999},null,{"$f":"H32+H38+SUM(H40:H41)","v":11979.9},null,{"$f":"J32+J38+SUM(J40:J41)","v":11869.805565939725},null,{"$f":"L32+L38+SUM(L40:L41)","v":11761.938011214905},null,{"$f":"N32+N38+SUM(N40:N41)","v":11668.617052112098},null,{"$f":"P32+P38+SUM(P40:P41)","v":11591.006416281065},null,{"$f":"R32+R38+SUM(R40:R41)","v":11530.362929583549}]
[]
[null,"Common Stock",null,401.3,null,406.4,null,413.5,null,{"$f":"H45","v":413.5},null,{"$f":"J45","v":413.5},null,{"$f":"L45","v":413.5},null,{"$f":"N45","v":413.5},null,{"$f":"P45","v":413.5}]
[null,"Preferred Equity",null,0,null,0,null,0,null,{"$f":"H46","v":0},null,{"$f":"J46","v":0},null,{"$f":"L46","v":0},null,{"$f":"N46","v":0},null,{"$f":"P46","v":0}]
[null,"Retained Earnings",null,5386.8,null,6716.3,null,7697.3,null,{"$f":"H47+'Acquirer IS'!J38+'Acquirer CF'!J37","v":8109.2925905599996},null,{"$f":"J47+'Acquirer IS'!L38+'Acquirer CF'!L37","v":8619.3810385647994},null,{"$f":"L47+'Acquirer IS'!N38+'Acquirer CF'!N37","v":9235.7924994839832},null,{"$f":"N47+'Acquirer IS'!P38+'Acquirer CF'!P37","v":9967.5424653058799},null,{"$f":"P47+'Acquirer IS'!R38+'Acquirer CF'!R37","v":10824.506942944752}]
[null,"Treasury Stock",null,-490.8,null,-1837.1,null,-2996.8,null,{"$f":"H48","v":-2996.8},null,{"$f":"J48","v":-2996.8},null,{"$f":"L48","v":-2996.8},null,{"$f":"N48","v":-2996.8},null,{"$f":"P48","v":-2996.8}]
[null,"Other Adjustments",null,{"$f":"10019.7+43.6","v":10063.300000000001},null,{"$f":"10152-399.5","v":9752.5},null,{"$f":"10501.1-150.4","v":10350.700000000001},null,{"$f":"H49","v":10350.700000000001},null,{"$f":"J49","v":10350.700000000001},null,{"$f":"L49","v":10350.700000000001},null,{"$f":"N49","v":10350.700000000001},null,{"$f":"P49","v":10350.700000000001}]
[null,"Noncontrolling Interest",null,0,null,0,null,0,null,{"$f":"H50+'Acquirer IS'!J30","v":0},null,{"$f":"J50+'Acquirer IS'!L30","v":0},null,{"$f":"L50+'Acquirer IS'!N30","v":0},null,{"$f":"N50+'Acquirer IS'!P30","v":0},null,{"$f":"P50+'Acquirer IS'!R30","v":0}]
[null,"Total Stockholders Equity",null,{"$f":"SUM(D45:D50)","v":15360.600000000002},{"$f":"SUM(E45:E50)","v":0},15038.1,0,15464.7,null,{"$f":"SUM(J45:J50)","v":15876.69259056},{"$f":"SUM(K45:K50)","v":0},16386.781038564801,0,17003.192499483983,0,17734.942465305881,0,18591.906942944752]
[]
[null,"Total Liabilities and Equity",null,{"$f":"D43+D51","v":21349.100000000002},null,{"$f":"F43+F51","v":26833.699999999997},null,{"$f":"H43+H51","v":27444.6},null,{"$f":"J43+J51","v":27746.498156499725},null,{"$f":"L43+L51","v":28148.719049779706},null,{"$f":"N43+N51","v":28671.809551596081},null,{"$f":"P43+P51","v":29325.948881586948},null,{"$f":"R43+R51","v":30122.269872528301}]
[]
[]
[]
[null,"Reconciliation",null,{"$f":"D53-D27","v":0},null,{"$f":"F53-F27","v":0},null,{"$f":"H53-H27","v":0},null,{"$f":"J53-J27","v":0},null,{"$f":"L53-L27","v":0},null,{"$f":"N53-N27","v":0},null,{"$f":"P53-P27","v":0},null,{"$f":"R53-R27","v":0}]

{"sheet":"Acquirer CF","index":9,"n_rows":54,"n_cols":19,"rows_kept":54,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Acquirer Assumptions'!A1","v":"Thermo (Acquirer)"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Statement of Cash Flow"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,null,null,{"$f":"'Acquirer BS'!D6","v":"Actual"},null,null,null,{"$f":"'Acquirer BS'!J6","v":"Projections for the Period Ending December 31,"}]
[null,null,null,null,null,{"$f":"'Acquirer BS'!F7","v":2012},null,{"$f":"'Acquirer BS'!H7","v":2013},null,{"$f":"'Acquirer BS'!J7","v":2014},null,{"$f":"'Acquirer BS'!L7","v":2015},null,{"$f":"'Acquirer BS'!N7","v":2016},null,{"$f":"'Acquirer BS'!P7","v":2017},null,{"$f":"'Acquirer BS'!R7","v":2018}]
[]
[null,"Net Income",null,null,null,{"$f":"'Acquirer IS'!F38","v":434.29999999999984},null,{"$f":"'Acquirer IS'!H38","v":194.19999999999965},null,{"$f":"'Acquirer IS'!J38","v":411.99259055999903},null,{"$f":"'Acquirer IS'!L38","v":510.0884480047992},null,{"$f":"'Acquirer IS'!N38","v":616.41146091918313},null,{"$f":"'Acquirer IS'!P38","v":731.74996582189692},null,{"$f":"'Acquirer IS'!R38","v":856.96447763887249}]
[]
[null,"Depreciation & Amortization",null,null,null,{"$f":"'Acquirer IS'!F46","v":895.6},null,{"$f":"'Acquirer IS'!H46","v":983.7},null,{"$f":"'Acquirer IS'!J46","v":1013.3019},null,{"$f":"'Acquirer IS'!L46","v":1094.3660520000001},null,{"$f":"'Acquirer IS'!N46","v":1181.9153361600002},null,{"$f":"'Acquirer IS'!P46","v":1276.4685630528002},null,{"$f":"'Acquirer IS'!R46","v":1378.5860480970243}]
[]
[null,"Income from Affiliates, Net of Dividends",null,null,null,{"$f":"'Acquirer IS'!F23+'Acquirer Assumptions'!F43","v":0},null,{"$f":"'Acquirer IS'!H23+'Acquirer Assumptions'!H43","v":0},null,{"$f":"'Acquirer IS'!J23+'Acquirer Assumptions'!J43","v":0},null,{"$f":"'Acquirer IS'!L23+'Acquirer Assumptions'!L43","v":0},null,{"$f":"'Acquirer IS'!N23+'Acquirer Assumptions'!N43","v":0},null,{"$f":"'Acquirer IS'!P23+'Acquirer Assumptions'!P43","v":0},null,{"$f":"'Acquirer IS'!R23+'Acquirer Assumptions'!R43","v":0}]
[]
["Change in"]
[]
[null,"Accounts Receivable",null,null,null,{"$f":"'Acquirer BS'!D10-'Acquirer BS'!F10","v":-289.79999999999995},null,{"$f":"'Acquirer BS'!F10-'Acquirer BS'!H10","v":-41.200000000000045},null,{"$f":"'Acquirer BS'!H10-'Acquirer BS'!J10","v":-82.895320547945175},null,{"$f":"'Acquirer BS'!J10-'Acquirer BS'!L10","v":-151.02362564383589},null,{"$f":"'Acquirer BS'!L10-'Acquirer BS'!N10","v":-163.10551569534232},null,{"$f":"'Acquirer BS'!N10-'Acquirer BS'!P10","v":-176.15395695097004},null,{"$f":"'Acquirer BS'!P10-'Acquirer BS'!R10","v":-190.24627350704759}]
[null,"Inventory",null,null,null,{"$f":"'Acquirer BS'!D11-'Acquirer BS'!F11","v":-157.59999999999991},null,{"$f":"'Acquirer BS'!F11-'Acquirer BS'!H11","v":-113.20000000000005},null,{"$f":"'Acquirer BS'!H11-'Acquirer BS'!J11","v":-28.440038136986686},null,{"$f":"'Acquirer BS'!J11-'Acquirer BS'!L11","v":-117.73920305095908},null,{"$f":"'Acquirer BS'!L11-'Acquirer BS'!N11","v":-127.1583392950356},null,{"$f":"'Acquirer BS'!N11-'Acquirer BS'!P11","v":-137.3310064386385},null,{"$f":"'Acquirer BS'!P11-'Acquirer BS'!R11","v":-148.31748695372971}]
[null,"Other Current Assets",null,null,null,{"$f":"'Acquirer BS'!D12-'Acquirer BS'!F12","v":-144.39999999999998},null,{"$f":"'Acquirer BS'!F12-'Acquirer BS'!H12","v":-23.799999999999955},null,{"$f":"'Acquirer BS'!H12-'Acquirer BS'!J12","v":28.744015999999988},null,{"$f":"'Acquirer BS'!J12-'Acquirer BS'!L12","v":-56.204478720000111},null,{"$f":"'Acquirer BS'!L12-'Acquirer BS'!N12","v":-60.700837017600065},null,{"$f":"'Acquirer BS'!N12-'Acquirer BS'!P12","v":-65.556903979007984},null,{"$f":"'Acquirer BS'!P12-'Acquirer BS'!R12","v":-70.801456297328627}]
[null,"Accounts Payable",null,null,null,{"$f":"'Acquirer BS'!F29-'Acquirer BS'!D29","v":65.899999999999977},null,{"$f":"'Acquirer BS'!H29-'Acquirer BS'!F29","v":29.100000000000023},null,{"$f":"'Acquirer BS'!J29-'Acquirer BS'!H29","v":42.648186739726157},null,{"$f":"'Acquirer BS'!L29-'Acquirer BS'!J29","v":54.723854939178182},null,{"$f":"'Acquirer BS'!N29-'Acquirer BS'!L29","v":59.101763334312409},null,{"$f":"'Acquirer BS'!P29-'Acquirer BS'!N29","v":63.829904401057206},null,{"$f":"'Acquirer BS'!R29-'Acquirer BS'!P29","v":68.93629675314196}]
[null,"Other Current Liabilities",null,null,null,{"$f":"'Acquirer BS'!F30-'Acquirer BS'!D30","v":1337.9},null,{"$f":"'Acquirer BS'!H30-'Acquirer BS'!F30","v":-1048.9000000000001},null,{"$f":"'Acquirer BS'!J30-'Acquirer BS'!H30","v":136.9573792000001},null,{"$f":"'Acquirer BS'!L30-'Acquirer BS'!J30","v":127.10859033600013},null,{"$f":"'Acquirer BS'!N30-'Acquirer BS'!L30","v":137.27727756288004},null,{"$f":"'Acquirer BS'!P30-'Acquirer BS'!N30","v":148.25945976791036},null,{"$f":"'Acquirer BS'!R30-'Acquirer BS'!P30","v":160.12021654934347}]
[null,"Other Assets",null,null,null,{"$f":"'Acquirer BS'!D25-'Acquirer BS'!F25","v":332.70000000000005},null,{"$f":"'Acquirer BS'!F25-'Acquirer BS'!H25","v":6.8999999999999773},null,{"$f":"'Acquirer BS'!H25-'Acquirer BS'!J25","v":0},null,{"$f":"'Acquirer BS'!J25-'Acquirer BS'!L25","v":0},null,{"$f":"'Acquirer BS'!L25-'Acquirer BS'!N25","v":0},null,{"$f":"'Acquirer BS'!N25-'Acquirer BS'!P25","v":0},null,{"$f":"'Acquirer BS'!P25-'Acquirer BS'!R25","v":0}]
[null,"Deferred Taxes",null,null,null,{"$f":"'Acquirer BS'!F40-'Acquirer BS'!D40+'Acquirer BS'!D23-'Acquirer BS'!F23","v":602.70000000000027},null,{"$f":"'Acquirer BS'!H40-'Acquirer BS'!F40+'Acquirer BS'!F23-'Acquirer BS'!H23","v":-182.10000000000014},null,{"$f":"'Acquirer BS'!J40-'Acquirer BS'!H40+'Acquirer BS'!H23-'Acquirer BS'!J23","v":210.29999999999995},null,{"$f":"'Acquirer BS'!L40-'Acquirer BS'!J40+'Acquirer BS'!J23-'Acquirer BS'!L23","v":210.30000000000018},null,{"$f":"'Acquirer BS'!N40-'Acquirer BS'!L40+'Acquirer BS'!L23-'Acquirer BS'!N23","v":210.30000000000018},null,{"$f":"'Acquirer BS'!P40-'Acquirer BS'!N40+'Acquirer BS'!N23-'Acquirer BS'!P23","v":210.30000000000018},null,{"$f":"'Acquirer BS'!R40-'Acquirer BS'!P40+'Acquirer BS'!P23-'Acquirer BS'!R23","v":210.30000000000018}]
[null,"Minority Interest",null,null,null,{"$f":"'Acquirer BS'!F50-'Acquirer BS'!D50","v":0},null,{"$f":"'Acquirer BS'!H50-'Acquirer BS'!F50","v":0},null,{"$f":"'Acquirer BS'!J50-'Acquirer BS'!H50","v":0},null,{"$f":"'Acquirer BS'!L50-'Acquirer BS'!J50","v":0},null,{"$f":"'Acquirer BS'!N50-'Acquirer BS'!L50","v":0},null,{"$f":"'Acquirer BS'!P50-'Acquirer BS'!N50","v":0},null,{"$f":"'Acquirer BS'!R50-'Acquirer BS'!P50","v":0}]
[null,"Other Liabilities",null,null,null,{"$f":"'Acquirer BS'!F41-'Acquirer BS'!D41","v":77},null,{"$f":"'Acquirer BS'!H41-'Acquirer BS'!F41","v":110.20000000000005},null,{"$f":"'Acquirer BS'!J41-'Acquirer BS'!H41","v":0},null,{"$f":"'Acquirer BS'!L41-'Acquirer BS'!J41","v":0},null,{"$f":"'Acquirer BS'!N41-'Acquirer BS'!L41","v":0},null,{"$f":"'Acquirer BS'!P41-'Acquirer BS'!N41","v":0},null,{"$f":"'Acquirer BS'!R41-'Acquirer BS'!P41","v":0}]
[]
["Cash Flow from Operating Activities",null,null,null,null,{"$f":"SUM(F9:F25)","v":3154.3000000000006},null,{"$f":"SUM(H9:H25)","v":-85.100000000000477},null,{"$f":"SUM(J9:J25)","v":1732.6087138147934},null,{"$f":"SUM(L9:L25)","v":1671.6196378651828},null,{"$f":"SUM(N9:N25)","v":1854.041145968398},null,{"$f":"SUM(P9:P25)","v":2051.5660256750484},null,{"$f":"SUM(R9:R25)","v":2265.5418222802764}]
[]
[null,"Capital Expenditures",null,null,null,{"$f":"-'Acquirer IS'!F47","v":-260.89999999999998},null,{"$f":"-'Acquirer IS'!H47","v":-1083.4000000000001},null,{"$f":"-'Acquirer IS'!J47","v":-878.1949800000001},null,{"$f":"-'Acquirer IS'!L47","v":-948.45057840000015},null,{"$f":"-'Acquirer IS'!N47","v":-1024.3266246720002},null,{"$f":"-'Acquirer IS'!P47","v":-1106.2727546457602},null,{"$f":"-'Acquirer IS'!R47","v":-1194.7745750174211}]
[null,"Acquisitions",null,null,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Sale of Assets",null,null,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[]
["Cash Flow from Investing Activities",null,null,null,null,{"$f":"SUM(F29:F31)","v":-260.89999999999998},null,{"$f":"SUM(H29:H31)","v":-1083.4000000000001},null,{"$f":"SUM(J29:J31)","v":-878.1949800000001},null,{"$f":"SUM(L29:L31)","v":-948.45057840000015},null,{"$f":"SUM(N29:N31)","v":-1024.3266246720002},null,{"$f":"SUM(P29:P31)","v":-1106.2727546457602},null,{"$f":"SUM(R29:R31)","v":-1194.7745750174211}]
[]
[null,"Net Change in Equity",null,null,null,{"$f":"'Acquirer BS'!F45-'Acquirer BS'!D45+'Acquirer BS'!F46-'Acquirer BS'!D46+'Acquirer BS'!F48-'Acquirer BS'!D48+'Acquirer BS'!F49-'Acquirer BS'!D49","v":-1652.0000000000018},null,{"$f":"'Acquirer BS'!H45-'Acquirer BS'!F45+'Acquirer BS'!H46-'Acquirer BS'!F46+'Acquirer BS'!H48-'Acquirer BS'!F48+'Acquirer BS'!H49-'Acquirer BS'!F49","v":-554.39999999999964},null,{"$f":"'Acquirer BS'!J45-'Acquirer BS'!H45+'Acquirer BS'!J46-'Acquirer BS'!H46+'Acquirer BS'!J48-'Acquirer BS'!H48+'Acquirer BS'!J49-'Acquirer BS'!H49","v":0},null,{"$f":"'Acquirer BS'!L45-'Acquirer BS'!J45+'Acquirer BS'!L46-'Acquirer BS'!J46+'Acquirer BS'!L48-'Acquirer BS'!J48+'Acquirer BS'!L49-'Acquirer BS'!J49","v":0},null,{"$f":"'Acquirer BS'!N45-'Acquirer BS'!L45+'Acquirer BS'!N46-'Acquirer BS'!L46+'Acquirer BS'!N48-'Acquirer BS'!L48+'Acquirer BS'!N49-'Acquirer BS'!L49","v":0},null,{"$f":"'Acquirer BS'!P45-'Acquirer BS'!N45+'Acquirer BS'!P46-'Acquirer BS'!N46+'Acquirer BS'!P48-'Acquirer BS'!N48+'Acquirer BS'!P49-'Acquirer BS'!N49","v":0},null,{"$f":"'Acquirer BS'!R45-'Acquirer BS'!P45+'Acquirer BS'!R46-'Acquirer BS'!P46+'Acquirer BS'!R48-'Acquirer BS'!P48+'Acquirer BS'!R49-'Acquirer BS'!P49","v":0}]
[null,"Net Change in Debt",null,null,null,{"$f":"'Acquirer BS'!F35-'Acquirer BS'!D35+'Acquirer BS'!F36-'Acquirer BS'!D36","v":3723.6},null,{"$f":"'Acquirer BS'!H35-'Acquirer BS'!F35+'Acquirer BS'!H36-'Acquirer BS'!F36","v":1276},null,{"$f":"'Acquirer BS'!J35-'Acquirer BS'!H35+'Acquirer BS'!J36-'Acquirer BS'!H36","v":-500},null,{"$f":"'Acquirer BS'!L35-'Acquirer BS'!J35+'Acquirer BS'!L36-'Acquirer BS'!J36","v":-500},null,{"$f":"'Acquirer BS'!N35-'Acquirer BS'!L35+'Acquirer BS'!N36-'Acquirer BS'!L36","v":-500},null,{"$f":"'Acquirer BS'!P35-'Acquirer BS'!N35+'Acquirer BS'!P36-'Acquirer BS'!N36","v":-500},null,{"$f":"'Acquirer BS'!R35-'Acquirer BS'!P35+'Acquirer BS'!R36-'Acquirer BS'!P36","v":-500}]
[null,"Dividends Paid",null,null,null,{"$f":"-'Acquirer Assumptions'!F47","v":0},null,{"$f":"-'Acquirer Assumptions'!H47","v":0},null,{"$f":"-'Acquirer Assumptions'!J47","v":0},null,{"$f":"-'Acquirer Assumptions'!L47","v":0},null,{"$f":"-'Acquirer Assumptions'!N47","v":0},null,{"$f":"-'Acquirer Assumptions'!P47","v":0},null,{"$f":"-'Acquirer Assumptions'!R47","v":0}]
[]
["Cash Flow from Financing Activities",null,null,null,null,{"$f":"SUM(F35:F37)","v":2071.5999999999981},null,{"$f":"SUM(H35:H37)","v":721.60000000000036},null,{"$f":"SUM(J35:J37)","v":-500},null,{"$f":"SUM(L35:L37)","v":-500},null,{"$f":"SUM(N35:N37)","v":-500},null,{"$f":"SUM(P35:P37)","v":-500},null,{"$f":"SUM(R35:R37)","v":-500}]
[]
[null,"Net Change in Cash",null,null,null,{"$f":"F27+F33+F39","v":4964.9999999999982},null,{"$f":"H27+H33+H39","v":-446.90000000000009},null,{"$f":"J27+J33+J39","v":354.41373381479332},null,{"$f":"L27+L33+L39","v":223.16905946518261},null,{"$f":"N27+N33+N39","v":329.71452129639783},null,{"$f":"P27+P33+P39","v":445.29327102928823},null,{"$f":"R27+R33+R39","v":570.76724726285534}]
[]
[null,"Beginning Cash Balance",null,null,null,{"$f":"'Acquirer BS'!D9","v":926.5},null,{"$f":"'Acquirer BS'!F9","v":1020.5999999999999},null,{"$f":"'Acquirer BS'!H9","v":855.3},null,{"$f":"'Acquirer BS'!J9","v":1209.7137338147932},null,{"$f":"'Acquirer BS'!L9","v":1432.8827932799759},null,{"$f":"'Acquirer BS'!N9","v":1762.5973145763737},null,{"$f":"'Acquirer BS'!P9","v":2207.8905856056617}]
[]
[null,"Cash Available for Revolving Credit",null,null,null,{"$f":"F41+F43","v":5891.4999999999982},null,{"$f":"H41+H43","v":573.69999999999982},null,{"$f":"J41+J43","v":1209.7137338147932},null,{"$f":"L41+L43","v":1432.8827932799759},null,{"$f":"N41+N43","v":1762.5973145763737},null,{"$f":"P41+P43","v":2207.8905856056617},null,{"$f":"R41+R43","v":2778.6578328685173}]
[]
[]
[]
[null,"Beginning Revolver",null,null,null,null,null,null,null,{"$f":"'Acquirer BS'!H34","v":0},null,{"$f":"'Acquirer BS'!J34","v":0},null,{"$f":"'Acquirer BS'!L34","v":0},null,{"$f":"'Acquirer BS'!N34","v":0},null,{"$f":"'Acquirer BS'!P34","v":0}]
[null,"Total Repayment",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<$F$54,J45-$F$54,J49)","v":0},null,{"$f":"IF(L45-L49<$F$54,L45-$F$54,L49)","v":0},null,{"$f":"IF(N45-N49<$F$54,N45-$F$54,N49)","v":0},null,{"$f":"IF(P45-P49<$F$54,P45-$F$54,P49)","v":0},null,{"$f":"IF(R45-R49<$F$54,R45-$F$54,R49)","v":0}]
[null,"Ending Revolving Credit Facility",null,null,null,null,null,null,null,{"$f":"J49-J50","v":0},null,{"$f":"L49-L50","v":0},null,{"$f":"N49-N50","v":0},null,{"$f":"P49-P50","v":0},null,{"$f":"R49-R50","v":0}]
[null,"Ending Cash",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<0,$F$54,J45-J50)","v":1209.7137338147932},null,{"$f":"IF(L45-L49<0,$F$54,L45-L50)","v":1432.8827932799759},null,{"$f":"IF(N45-N49<0,$F$54,N45-N50)","v":1762.5973145763737},null,{"$f":"IF(P45-P49<0,$F$54,P45-P50)","v":2207.8905856056617},null,{"$f":"IF(R45-R49<0,$F$54,R45-R50)","v":2778.6578328685173}]
[]
[null,"Minimum Cash Balance",null,null,null,0]

{"sheet":"Newco Assumptions","index":10,"n_rows":59,"n_cols":19,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["Newco",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Assumptions"]
["($Millions except per share data)"]
[]
[]
[]
[null,null,null,"Actual",null,null,null,null,null,"Projections"]
[null,null,null,2011,null,{"$f":"D7+1","v":2012},null,{"$f":"F7+1","v":2013},null,{"$f":"H7+1","v":2014},null,{"$f":"J7+1","v":2015},null,{"$f":"L7+1","v":2016},null,{"$f":"N7+1","v":2017},null,{"$f":"P7+1","v":2018}]
[]
[null,"Income Statement"]
[]
[null,"Sales Growth",null,{"$f":"'Acquirer Assumptions'!D11","v":"NA"},null,{"$f":"+IF(ISERROR('Acquirer Assumptions'!F11),0,'Acquirer Assumptions'!F11)","v":0.11216095293993122},null,{"$f":"'Acquirer Assumptions'!H11","v":9.1999999999999998E-2},null,{"$f":"+IF(ISERROR('Newco IS'!M9/'Newco IS'!G9-1),0,'Newco IS'!M9/'Newco IS'!G9-1)","v":0.30119811775740257},{"$f":"+IF(ISERROR('Newco IS'!N9/'Newco IS'!H9-1),0,'Newco IS'!N9/'Newco IS'!H9-1)","v":0},{"$f":"+('Newco IS'!P9/'Newco IS'!M9)-1","v":7.8518553975301941E-2},{"$f":"+('Newco IS'!Q9/'Newco IS'!N9)-1","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!R9/'Newco IS'!P9-1","v":7.7885650051614963E-2},{"$f":"+('Newco IS'!S9/'Newco IS'!P9)-1","v":-1},{"$f":"'Newco IS'!T9/'Newco IS'!R9-1","v":7.7625248785717194E-2},{"$f":"+('Newco IS'!U9/'Newco IS'!R9)-1","v":-1},{"$f":"'Newco IS'!V9/'Newco IS'!T9-1","v":7.7648409270599794E-2}]
[null,"COGS as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D12","v":0.58996834438233048},null,{"$f":"'Acquirer Assumptions'!F12","v":0.5852510641243035},null,{"$f":"'Acquirer Assumptions'!H12","v":0.56799999999999995},null,{"$f":"+IF(ISERROR('Newco IS'!M12/'Newco IS'!M9),0,'Newco IS'!M12/'Newco IS'!M9)","v":0.5299014303599181},{"$f":"+IF(ISERROR('Newco IS'!N12/'Newco IS'!N9),0,'Newco IS'!N12/'Newco IS'!N9)","v":0},{"$f":"'Newco IS'!P12/'Newco IS'!P9","v":0.52360889375721864},{"$f":"'Newco IS'!Q12/'Newco IS'!Q9","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!R12/'Newco IS'!R9","v":0.52070915814604057},{"$f":"'Newco IS'!S12/'Newco IS'!S9","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!T12/'Newco IS'!T9","v":0.52170657406152554},{"$f":"'Newco IS'!U12/'Newco IS'!U9","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!V12/'Newco IS'!V9","v":0.52264577962583281}]
[null,"Integration Related Expenses ($M)",null,null,null,null,null,null,null,50,null,50,null,50]
[null,"SG&A % annual increase",null,{"$f":"'Acquirer Assumptions'!D13","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F13","v":0.13841248900615644},null,{"$f":"'Acquirer Assumptions'!H13","v":7.9961371318203689E-2},null,{"$f":"+IF(ISERROR('Newco IS'!M16/'Newco IS'!G16-1),0,'Newco IS'!M16/'Newco IS'!G16-1)","v":0.29877336622705286},{"$f":"+IF(ISERROR('Newco IS'!N16/'Newco IS'!H16-1),0,'Newco IS'!N16/'Newco IS'!H16-1)","v":0},{"$f":"'Newco IS'!P16/'Newco IS'!M16-1","v":5.8107949475004084E-2},{"$f":"+'Target IS'!M15/'Target IS'!K15-1","v":{"$error":"#DIV/0!"}},{"$f":"+'Newco IS'!R16/'Newco IS'!P16-1","v":5.9441552257377017E-2},{"$f":"+'Target IS'!O15/'Target IS'!M15-1","v":{"$error":"#DIV/0!"}},{"$f":"+'Newco IS'!T16/'Newco IS'!R16-1","v":6.0712232565671265E-2},{"$f":"+'Target IS'!Q15/'Target IS'!O15-1","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!V16/'Newco IS'!T16-1","v":6.1008791737500179E-2}]
[null,"Other Operating Expense as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D14","v":3.3156613522433147E-2},null,{"$f":"'Acquirer Assumptions'!F14","v":3.7780738484963841E-2},null,{"$f":"'Acquirer Assumptions'!H14","v":3.6650972429835574E-2},null,{"$f":"+IF(ISERROR('Newco IS'!M17/'Newco IS'!M9),0,'Newco IS'!M17/'Newco IS'!M9)","v":4.8480552798174439E-2},{"$f":"+IF(ISERROR('Newco IS'!N17/'Newco IS'!N9),0,'Newco IS'!N17/'Newco IS'!N9)","v":0},{"$f":"+'Newco IS'!P17/'Newco IS'!P9","v":4.8332783631014675E-2},{"$f":"+IF(ISERROR('Newco IS'!P17/'Newco IS'!P9),0,'Newco IS'!P17/'Newco IS'!P9)","v":4.8332783631014675E-2},{"$f":"+'Newco IS'!R17/'Newco IS'!R9","v":4.8214798351132612E-2},{"$f":"+IF(ISERROR('Newco IS'!R17/'Newco IS'!R9),0,'Newco IS'!R17/'Newco IS'!R9)","v":4.8214798351132612E-2},{"$f":"+'Newco IS'!T17/'Newco IS'!T9","v":4.810976100831748E-2},{"$f":"+IF(ISERROR('Newco IS'!T17/'Newco IS'!T9),0,'Newco IS'!T17/'Newco IS'!T9)","v":4.810976100831748E-2},{"$f":"+'Newco IS'!V17/'Newco IS'!V9","v":4.800495553299388E-2}]
[null,"Income from Affiliates Growth",null,{"$f":"'Acquirer Assumptions'!D15","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F15","v":0},null,{"$f":"'Acquirer Assumptions'!H15","v":0},null,{"$f":"IF('Newco IS'!M24=0,0,'Newco IS'!P24/'Newco IS'!M24-1)","v":0},null,{"$f":"IF('Newco IS'!M24=0,0,'Newco IS'!P24/'Newco IS'!M24-1)","v":0},null,{"$f":"IF('Newco IS'!O24=0,0,'Newco IS'!R24/'Newco IS'!O24-1)","v":0},null,{"$f":"IF('Newco IS'!Q24=0,0,'Newco IS'!T24/'Newco IS'!Q24-1)","v":0},null,{"$f":"IF('Newco IS'!S24=0,0,'Newco IS'!V24/'Newco IS'!S24-1)","v":0}]
[null,"Minority Interest - % of Earnings",null,{"$f":"'Acquirer Assumptions'!D16","v":0},null,{"$f":"'Acquirer Assumptions'!F16","v":0},null,{"$f":"'Acquirer Assumptions'!H16","v":0},null,{"$f":"'Newco IS'!M31/('Newco IS'!M29-'Newco IS'!M32)","v":0},null,{"$f":"'Newco IS'!P31/('Newco IS'!P29-'Newco IS'!P32)","v":0},null,{"$f":"'Newco IS'!R31/('Newco IS'!R29-'Newco IS'!R32)","v":0},null,{"$f":"'Newco IS'!T31/('Newco IS'!T29-'Newco IS'!T32)","v":0},null,{"$f":"'Newco IS'!V31/('Newco IS'!V29-'Newco IS'!V32)","v":0}]
[null,"EBITDA Growth",null,{"$f":"'Acquirer Assumptions'!D17","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F17","v":5.2773335577812608E-2},null,{"$f":"'Acquirer Assumptions'!H17","v":0.18492165014390793},null,{"$f":"+IF(ISERROR('Newco IS'!M50/'Newco IS'!G50-1),0,'Newco IS'!M50/'Newco IS'!G50-1)","v":0.41417767151872975},{"$f":"+IF(ISERROR('Newco IS'!N50/'Newco IS'!H50-1),0,'Newco IS'!N50/'Newco IS'!H50-1)","v":0},{"$f":"'Newco IS'!P50/'Newco IS'!M50-1","v":0.16044872644541397},{"$f":"+IF(ISERROR('Newco IS'!P50/'Newco IS'!J50-1),0,'Newco IS'!P50/'Newco IS'!J50-1)","v":0},{"$f":"'Newco IS'!R50/'Newco IS'!P50-1","v":0.1438147767082163},{"$f":"+IF(ISERROR('Newco IS'!R50/'Newco IS'!L50-1),0,'Newco IS'!R50/'Newco IS'!L50-1)","v":0},{"$f":"'Newco IS'!T50/'Newco IS'!R50-1","v":9.6807494340575229E-2},{"$f":"+IF(ISERROR('Newco IS'!T50/'Newco IS'!N50-1),0,'Newco IS'!T50/'Newco IS'!N50-1)","v":0},{"$f":"'Newco IS'!V50/'Newco IS'!T50-1","v":9.6079176733620431E-2}]
[null,"EBITDA Margin",null,{"$f":"'Acquirer Assumptions'!D18","v":0.11431622903657239},null,{"$f":"'Acquirer Assumptions'!F18","v":0.10821192511333355},null,{"$f":"'Acquirer Assumptions'!H18","v":0.11847416845858078},null,{"$f":"+IF(ISERROR('Newco IS'!M50/'Newco IS'!M9),0,'Newco IS'!M50/'Newco IS'!M9)","v":0.15357255153789612},{"$f":"+IF(ISERROR('Newco IS'!N50/'Newco IS'!N9),0,'Newco IS'!N50/'Newco IS'!N9)","v":0},{"$f":"'Newco IS'!P50/'Newco IS'!P9","v":0.16523876310912802},{"$f":"+IF(ISERROR('Newco IS'!P50/'Newco IS'!P9),0,'Newco IS'!P50/'Newco IS'!P9)","v":0.16523876310912802},{"$f":"'Newco IS'!R50/'Newco IS'!R9","v":0.17534563051299426},{"$f":"+IF(ISERROR('Newco IS'!R50/'Newco IS'!R9),0,'Newco IS'!R50/'Newco IS'!R9)","v":0.17534563051299426},{"$f":"'Newco IS'!T50/'Newco IS'!T9","v":0.17846686671756698},{"$f":"+IF(ISERROR('Newco IS'!T50/'Newco IS'!T9),0,'Newco IS'!T50/'Newco IS'!T9)","v":0.17846686671756698},{"$f":"'Newco IS'!V50/'Newco IS'!V9","v":0.18151914359379948}]
[]
[null,"Balance Sheet"]
[]
[null,"Receivable Days",null,{"$f":"'Acquirer Assumptions'!D22","v":51.76256362394281},null,{"$f":"'Acquirer Assumptions'!F22","v":55.693540851991564},null,{"$f":"'Acquirer Assumptions'!H22","v":52.661372193222974},null,{"$f":"+IF(ISERROR(('Target Assumptions'!J22*'Target IS'!J9+'Acquirer Assumptions'!J22*'Acquirer IS'!J9)/('Target IS'!J9+'Acquirer IS'!J9)),0,('Target Assumptions'!J22*'Target IS'!J9+'Acquirer Assumptions'!J22*'Acquirer IS'!J9)/('Target IS'!J9+'Acquirer IS'!J9))","v":52.850071069349475},{"$f":"+IF(ISERROR(('Target Assumptions'!K22*'Target IS'!K9+'Acquirer Assumptions'!K22*'Acquirer IS'!K9)/('Target IS'!K9+'Acquirer IS'!K9)),0,('Target Assumptions'!K22*'Target IS'!K9+'Acquirer Assumptions'!K22*'Acquirer IS'!K9)/('Target IS'!K9+'Acquirer IS'!K9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!L22*'Target IS'!L9+'Acquirer Assumptions'!L22*'Acquirer IS'!L9)/('Target IS'!L9+'Acquirer IS'!L9)),0,('Target Assumptions'!L22*'Target IS'!L9+'Acquirer Assumptions'!L22*'Acquirer IS'!L9)/('Target IS'!L9+'Acquirer IS'!L9))","v":52.836874054292856},{"$f":"+IF(ISERROR(('Target Assumptions'!M22*'Target IS'!M9+'Acquirer Assumptions'!M22*'Acquirer IS'!M9)/('Target IS'!M9+'Acquirer IS'!M9)),0,('Target Assumptions'!M22*'Target IS'!M9+'Acquirer Assumptions'!M22*'Acquirer IS'!M9)/('Target IS'!M9+'Acquirer IS'!M9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!N22*'Target IS'!N9+'Acquirer Assumptions'!N22*'Acquirer IS'!N9)/('Target IS'!N9+'Acquirer IS'!N9)),0,('Target Assumptions'!N22*'Target IS'!N9+'Acquirer Assumptions'!N22*'Acquirer IS'!N9)/('Target IS'!N9+'Acquirer IS'!N9))","v":52.823743260592316},{"$f":"+IF(ISERROR(('Target Assumptions'!O22*'Target IS'!O9+'Acquirer Assumptions'!O22*'Acquirer IS'!O9)/('Target IS'!O9+'Acquirer IS'!O9)),0,('Target Assumptions'!O22*'Target IS'!O9+'Acquirer Assumptions'!O22*'Acquirer IS'!O9)/('Target IS'!O9+'Acquirer IS'!O9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!P22*'Target IS'!P9+'Acquirer Assumptions'!P22*'Acquirer IS'!P9)/('Target IS'!P9+'Acquirer IS'!P9)),0,('Target Assumptions'!P22*'Target IS'!P9+'Acquirer Assumptions'!P22*'Acquirer IS'!P9)/('Target IS'!P9+'Acquirer IS'!P9))","v":52.810678754911329},{"$f":"+IF(ISERROR(('Target Assumptions'!Q22*'Target IS'!Q9+'Acquirer Assumptions'!Q22*'Acquirer IS'!Q9)/('Target IS'!Q9+'Acquirer IS'!Q9)),0,('Target Assumptions'!Q22*'Target IS'!Q9+'Acquirer Assumptions'!Q22*'Acquirer IS'!Q9)/('Target IS'!Q9+'Acquirer IS'!Q9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!R22*'Target IS'!R9+'Acquirer Assumptions'!R22*'Acquirer IS'!R9)/('Target IS'!R9+'Acquirer IS'!R9)),0,('Target Assumptions'!R22*'Target IS'!R9+'Acquirer Assumptions'!R22*'Acquirer IS'!R9)/('Target IS'!R9+'Acquirer IS'!R9))","v":52.797680597534928}]
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[null,"Change in Other Assets",null,{"$f":"'Acquirer Assumptions'!D27","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F27","v":-332.70000000000005},null,{"$f":"'Acquirer Assumptions'!H27","v":-6.8999999999999773},null,{"$f":"'Target Assumptions'!J27+'Acquirer Assumptions'!J27","v":0},null,{"$f":"'Target Assumptions'!L27+'Acquirer Assumptions'!L27","v":0},null,{"$f":"'Target Assumptions'!N27+'Acquirer Assumptions'!N27","v":0},null,{"$f":"'Target Assumptions'!P27+'Acquirer Assumptions'!P27","v":0},null,{"$f":"'Target Assumptions'!R27+'Acquirer Assumptions'!R27","v":0}]
[null,"Change in Other LT Liabilities",null,{"$f":"'Acquirer Assumptions'!D28","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F28","v":77},null,{"$f":"'Acquirer Assumptions'!H28","v":110.20000000000005},null,{"$f":"'Target Assumptions'!J28+'Acquirer Assumptions'!J28","v":0},null,{"$f":"'Target Assumptions'!L28+'Acquirer Assumptions'!L28","v":0},null,{"$f":"'Target Assumptions'!N28+'Acquirer Assumptions'!N28","v":0},null,{"$f":"'Target Assumptions'!P28+'Acquirer Assumptions'!P28","v":0},null,{"$f":"'Target Assumptions'!R28+'Acquirer Assumptions'!R28","v":0}]
[null,"Working Capital/Sales (Excl Cash & Debt)",null,{"$f":"+IF(ISERROR((SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30)+SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/('Target IS'!D9+'Acquirer IS'!D9)),0,(SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30)+SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/('Target IS'!D9+'Acquirer IS'!D9))","v":0.11053414585300257},{"$f":"+IF(ISERROR((SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30)+SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/('Target IS'!E9+'Acquirer IS'!E9)),0,(SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30)+SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/('Target IS'!E9+'Acquirer IS'!E9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30)+SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/('Target IS'!F9+'Acquirer IS'!F9)),0,(SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30)+SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/('Target IS'!F9+'Acquirer IS'!F9))","v":2.630669405588703E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30)+SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/('Target IS'!G9+'Acquirer IS'!G9)),0,(SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30)+SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/('Target IS'!G9+'Acquirer IS'!G9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30)+SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/('Target IS'!H9+'Acquirer IS'!H9)),0,(SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30)+SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/('Target IS'!H9+'Acquirer IS'!H9))","v":0.12525447008903387},{"$f":"+IF(ISERROR((SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30)+SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/('Target IS'!I9+'Acquirer IS'!I9)),0,(SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30)+SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/('Target IS'!I9+'Acquirer IS'!I9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30)+SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/('Target IS'!J9+'Acquirer IS'!J9)),0,(SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30)+SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/('Target IS'!J9+'Acquirer IS'!J9))","v":9.5494276442214615E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!K10:K12)-SUM('Target BS'!K29:K30)+SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/('Target IS'!K9+'Acquirer IS'!K9)),0,(SUM('Target BS'!K10:K12)-SUM('Target BS'!K29:K30)+SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/('Target IS'!K9+'Acquirer IS'!K9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30)+SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/('Target IS'!L9+'Acquirer IS'!L9)),0,(SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30)+SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/('Target IS'!L9+'Acquirer IS'!L9))","v":9.5757729538475861E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!M10:M12)-SUM('Target BS'!M29:M30)+SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/('Target IS'!M9+'Acquirer IS'!M9)),0,(SUM('Target BS'!M10:M12)-SUM('Target BS'!M29:M30)+SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/('Target IS'!M9+'Acquirer IS'!M9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30)+SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/('Target IS'!N9+'Acquirer IS'!N9)),0,(SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30)+SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/('Target IS'!N9+'Acquirer IS'!N9))","v":9.6019860652363079E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!O10:O12)-SUM('Target BS'!O29:O30)+SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/('Target IS'!O9+'Acquirer IS'!O9)),0,(SUM('Target BS'!O10:O12)-SUM('Target BS'!O29:O30)+SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/('Target IS'!O9+'Acquirer IS'!O9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30)+SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/('Target IS'!P9+'Acquirer IS'!P9)),0,(SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30)+SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/('Target IS'!P9+'Acquirer IS'!P9))","v":9.6280668453067625E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!Q10:Q12)-SUM('Target BS'!Q29:Q30)+SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/('Target IS'!Q9+'Acquirer IS'!Q9)),0,(SUM('Target BS'!Q10:Q12)-SUM('Target BS'!Q29:Q30)+SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/('Target IS'!Q9+'Acquirer IS'!Q9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30)+SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/('Target IS'!R9+'Acquirer IS'!R9)),0,(SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30)+SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/('Target IS'!R9+'Acquirer IS'!R9))","v":9.6540151737114568E-2}]
[]
[null,"Cash Flow"]
[]
[null,"Capital Expenditures",null,{"$f":"'Acquirer Assumptions'!D33","v":245.4},null,{"$f":"'Acquirer Assumptions'!F33","v":260.89999999999998},null,{"$f":"'Acquirer Assumptions'!H33","v":1083.4000000000001},null,{"$f":"'Target Assumptions'!J33+'Acquirer Assumptions'!J33","v":894.45256000000006},null,{"$f":"'Target Assumptions'!L33+'Acquirer Assumptions'!L33","v":965.84618900000021},null,{"$f":"'Target Assumptions'!N33+'Acquirer Assumptions'!N33","v":1042.9399280140003},null,{"$f":"'Target Assumptions'!P33+'Acquirer Assumptions'!P33","v":1126.1889892217002},null,{"$f":"'Target Assumptions'!R33+'Acquirer Assumptions'!R33","v":1216.0849460136769}]
[null,"Capex as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D34","v":2.3611819380165686E-2},null,{"$f":"'Acquirer Assumptions'!F34","v":2.2571547219434544E-2},null,{"$f":"'Acquirer Assumptions'!H34","v":8.6603410099201444E-2},null,{"$f":"+IF(ISERROR(J34/'Newco IS'!M9),0,J34/'Newco IS'!M9)","v":5.0878733421512654E-2},{"$f":"+IF(ISERROR(K34/'Newco IS'!N9),0,K34/'Newco IS'!N9)","v":0},{"$f":"+IF(ISERROR(L34/'Newco IS'!O9),0,L34/'Newco IS'!O9)","v":0},{"$f":"+IF(ISERROR(M34/'Newco IS'!P9),0,M34/'Newco IS'!P9)","v":0},{"$f":"+IF(ISERROR(N34/'Newco IS'!Q9),0,N34/'Newco IS'!Q9)","v":0},{"$f":"+IF(ISERROR(O34/'Newco IS'!R9),0,O34/'Newco IS'!R9)","v":0},{"$f":"+IF(ISERROR(P34/'Newco IS'!S9),0,P34/'Newco IS'!S9)","v":0},{"$f":"+IF(ISERROR(Q34/'Newco IS'!T9),0,Q34/'Newco IS'!T9)","v":0},{"$f":"+IF(ISERROR(R34/'Newco IS'!U9),0,R34/'Newco IS'!U9)","v":0}]
[null,"Depreciation",null,{"$f":"'Acquirer Assumptions'!D35","v":739.7},null,{"$f":"'Acquirer Assumptions'!F35","v":895.6},null,{"$f":"'Acquirer Assumptions'!H35","v":983.7},null,{"$f":"'Target Assumptions'!J35+'Acquirer Assumptions'!J35","v":1143.3625400000001},null,{"$f":"'Target Assumptions'!L35+'Acquirer Assumptions'!L35","v":1233.5309368000001},null,{"$f":"'Target Assumptions'!N35+'Acquirer Assumptions'!N35","v":1330.8217628960001},null,{"$f":"'Target Assumptions'!P35+'Acquirer Assumptions'!P35","v":1435.7984396603201},null,{"$f":"'Target Assumptions'!R35+'Acquirer Assumptions'!R35","v":1549.0690160670708}]
[null,"Depreciation as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D36","v":7.1172220030597227E-2},null,{"$f":"'Acquirer Assumptions'!F36","v":7.7482091566598618E-2},null,{"$f":"'Acquirer Assumptions'!H36","v":7.8633722092103064E-2},null,{"$f":"+IF(ISERROR(J36/'Newco IS'!M9),0,J36/'Newco IS'!M9)","v":6.5037365287213891E-2},{"$f":"+IF(ISERROR(K36/'Newco IS'!N9),0,K36/'Newco IS'!N9)","v":0},{"$f":"+IF(ISERROR(L36/'Newco IS'!O9),0,L36/'Newco IS'!O9)","v":0},{"$f":"+IF(ISERROR(M36/'Newco IS'!P9),0,M36/'Newco IS'!P9)","v":0},{"$f":"+IF(ISERROR(N36/'Newco IS'!Q9),0,N36/'Newco IS'!Q9)","v":0},{"$f":"+IF(ISERROR(O36/'Newco IS'!R9),0,O36/'Newco IS'!R9)","v":0},{"$f":"+IF(ISERROR(P36/'Newco IS'!S9),0,P36/'Newco IS'!S9)","v":0},{"$f":"+IF(ISERROR(Q36/'Newco IS'!T9),0,Q36/'Newco IS'!T9)","v":0},{"$f":"+IF(ISERROR(R36/'Newco IS'!U9),0,R36/'Newco IS'!U9)","v":0}]
[null,"Goodwill Amortization (Pre-6/2001)",null,{"$f":"'Acquirer Assumptions'!D37","v":0},null,{"$f":"'Acquirer Assumptions'!F37","v":0},null,{"$f":"'Acquirer Assumptions'!H37","v":0},null,{"$f":"'Acquirer Assumptions'!J37+Summary!F31","v":0},null,{"$f":"'Acquirer Assumptions'!L37+Summary!F31","v":0},null,{"$f":"'Acquirer Assumptions'!N37+Summary!F31","v":0},null,{"$f":"'Acquirer Assumptions'!P37+Summary!F31","v":0},null,{"$f":"'Acquirer Assumptions'!R37+Summary!F31","v":0}]
[null,"Amortization of Intangibles",null,{"$f":"'Acquirer Assumptions'!D38","v":0},null,{"$f":"'Acquirer Assumptions'!F38","v":0},null,{"$f":"'Acquirer Assumptions'!H38","v":0},null,{"$f":"'Target Assumptions'!J38+'Acquirer Assumptions'!J38","v":300},null,{"$f":"'Target Assumptions'!L38+'Acquirer Assumptions'!L38","v":300},null,{"$f":"'Target Assumptions'!N38+'Acquirer Assumptions'!N38","v":300},null,{"$f":"'Target Assumptions'!P38+'Acquirer Assumptions'!P38","v":300},null,{"$f":"'Target Assumptions'!R38+'Acquirer Assumptions'!R38","v":300}]
[null,"Amortization of Transaction Exp",null,0,null,0,null,0,null,{"$f":"Summary!$F$33","v":9.8800000000000008},null,{"$f":"Summary!$F$33","v":9.8800000000000008},null,{"$f":"Summary!$F$33","v":9.8800000000000008},null,{"$f":"Summary!$F$33","v":9.8800000000000008},null,{"$f":"Summary!$F$33","v":9.8800000000000008}]
[null,"Chg in Deferred Taxes - Asset",null,{"$f":"'Acquirer Assumptions'!D41","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F41","v":0},null,{"$f":"'Acquirer Assumptions'!H41","v":0},null,{"$f":"'Target Assumptions'!J41+'Acquirer Assumptions'!J41","v":0},null,{"$f":"'Target Assumptions'!L41+'Acquirer Assumptions'!L41","v":0},null,{"$f":"'Target Assumptions'!N41+'Acquirer Assumptions'!N41","v":0},null,{"$f":"'Target Assumptions'!P41+'Acquirer Assumptions'!P41","v":0},null,{"$f":"'Target Assumptions'!R41+'Acquirer Assumptions'!R41","v":0}]
[null,"Chg in Deferred Taxes - Liab",null,{"$f":"'Acquirer Assumptions'!D42","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F42","v":602.70000000000027},null,{"$f":"'Acquirer Assumptions'!H42","v":-182.10000000000014},null,{"$f":"'Target Assumptions'!J42+'Acquirer Assumptions'!J42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!L42+'Acquirer Assumptions'!L42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!N42+'Acquirer Assumptions'!N42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!P42+'Acquirer Assumptions'!P42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!R42+'Acquirer Assumptions'!R42","v":210.30000000000007}]
[null,"Dividend from Affiliates",null,{"$f":"'Acquirer Assumptions'!D43","v":0},null,{"$f":"'Acquirer Assumptions'!F43","v":0},null,{"$f":"'Acquirer Assumptions'!H43","v":0},null,{"$f":"'Target Assumptions'!J43+'Acquirer Assumptions'!J43","v":0},null,{"$f":"'Target Assumptions'!L43+'Acquirer Assumptions'!L43","v":0},null,{"$f":"'Target Assumptions'!N43+'Acquirer Assumptions'!N43","v":0},null,{"$f":"'Target Assumptions'!P43+'Acquirer Assumptions'!P43","v":0},null,{"$f":"'Target Assumptions'!R43+'Acquirer Assumptions'!R43","v":0}]
[null,"Payout Ratio of Affiliates",null,{"$f":"'Acquirer Assumptions'!D44","v":0},null,{"$f":"'Acquirer Assumptions'!F44","v":0},null,{"$f":"'Acquirer Assumptions'!H44","v":0},null,{"$f":"IF('Newco IS'!M24=0,0,J43/-'Newco IS'!M24)","v":0},null,{"$f":"IF('Newco IS'!P24=0,0,L43/-'Newco IS'!P24)","v":0},null,{"$f":"IF('Newco IS'!R24=0,0,N43/-'Newco IS'!R24)","v":0},null,{"$f":"IF('Newco IS'!T24=0,0,P43/-'Newco IS'!T24)","v":0},null,{"$f":"IF('Newco IS'!V24=0,0,R43/-'Newco IS'!V24)","v":0}]
[null,"Dividends per Share",null,{"$f":"'Acquirer Assumptions'!D45","v":0},null,{"$f":"'Acquirer Assumptions'!F45","v":0},null,{"$f":"'Acquirer Assumptions'!H45","v":0},null,{"$f":"'Acquirer Assumptions'!J45","v":0},null,{"$f":"'Acquirer Assumptions'!L45","v":0},null,{"$f":"'Acquirer Assumptions'!N45","v":0},null,{"$f":"'Acquirer Assumptions'!P45","v":0},null,{"$f":"'Acquirer Assumptions'!R45","v":0}]
[null,"Dividend Payout Ratio",null,{"$f":"'Acquirer Assumptions'!D46","v":0},null,{"$f":"'Acquirer Assumptions'!F46","v":0},null,{"$f":"'Acquirer Assumptions'!H46","v":0},null,{"$f":"'Acquirer Assumptions'!J46","v":0},null,{"$f":"'Acquirer Assumptions'!L46","v":0},null,{"$f":"'Acquirer Assumptions'!N46","v":0},null,{"$f":"'Acquirer Assumptions'!P46","v":0},null,{"$f":"'Acquirer Assumptions'!R46","v":0}]
[null,"Dividends Paid",null,{"$f":"'Acquirer Assumptions'!D47","v":0},null,{"$f":"'Acquirer Assumptions'!F47","v":0},null,{"$f":"'Acquirer Assumptions'!H47","v":0},null,{"$f":"J45*J53","v":0},null,{"$f":"L45*L53","v":0},null,{"$f":"N45*N53","v":0},null,{"$f":"P45*P53","v":0},null,{"$f":"R45*R53","v":0}]
[null,"Effective Tax Rate",null,{"$f":"'Acquirer Assumptions'!D48","v":0.29195402298850526},null,{"$f":"'Acquirer Assumptions'!F48","v":0.4612141652613832},null,{"$f":"'Acquirer Assumptions'!H48","v":3.8501925096254858E-2},null,{"$f":"'Acquirer Assumptions'!J48","v":0.26},null,{"$f":"'Acquirer Assumptions'!L48","v":0.26},null,{"$f":"'Acquirer Assumptions'!N48","v":0.26},null,{"$f":"'Acquirer Assumptions'!P48","v":0.26},null,{"$f":"'Acquirer Assumptions'!R48","v":0.26}]
[null,"Marginal Tax Rate",null,{"$f":"'Acquirer Assumptions'!D50","v":0},{"$f":"'Acquirer Assumptions'!E50","v":0},{"$f":"'Acquirer Assumptions'!F50","v":0},{"$f":"'Acquirer Assumptions'!G50","v":0},{"$f":"'Acquirer Assumptions'!H50","v":0},null,{"$f":"'Acquirer Assumptions'!J50","v":0},{"$f":"'Acquirer Assumptions'!K50","v":0},{"$f":"'Acquirer Assumptions'!L50","v":0},{"$f":"'Acquirer Assumptions'!M50","v":0},{"$f":"'Acquirer Assumptions'!N50","v":0},{"$f":"'Acquirer Assumptions'!O50","v":0},{"$f":"'Acquirer Assumptions'!P50","v":0},{"$f":"'Acquirer Assumptions'!Q50","v":0},{"$f":"'Acquirer Assumptions'!R50","v":0}]
[]
[null,"Other"]
[]
[null,"Shares Outstanding - Basic",null,{"$f":"'Acquirer Assumptions'!D53","v":0},null,{"$f":"'Acquirer Assumptions'!F53","v":0},null,{"$f":"'Acquirer Assumptions'!H53","v":358.1},null,{"$f":"'Acquirer Assumptions'!H53+Summary!J14+Summary!J15+Summary!J16+Summary!J17","v":386.62697095435686},null,{"$f":"J53","v":386.62697095435686},null,{"$f":"J53","v":386.62697095435686},null,{"$f":"J53","v":386.62697095435686},null,{"$f":"J53","v":386.62697095435686}]
[null,"Shares Outstanding - Diluted",null,{"$f":"'Acquirer Assumptions'!D54","v":0},null,{"$f":"'Acquirer Assumptions'!F54","v":0},null,{"$f":"'Acquirer Assumptions'!H54","v":361.7},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$J$14+Summary!$J$15+Summary!$J$16","v":390.22697095435683},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$J$15+Summary!$J$16+Summary!$J$17","v":390.22697095435683},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$J$15+Summary!$J$16+Summary!$J$17","v":390.22697095435683},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$J$15+Summary!$J$16+Summary!$J$17","v":390.22697095435683},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$J$15+Summary!$J$16+Summary!$J$17","v":390.22697095435683}]
[null,"Revolving Credit Facility Rate",null,{"$f":"'Acquirer Assumptions'!D55","v":0},null,{"$f":"'Acquirer Assumptions'!F55","v":0},null,{"$f":"'Acquirer Assumptions'!H55","v":0},null,0.02,null,{"$f":"J55","v":0.02},null,{"$f":"L55","v":0.02},null,{"$f":"N55","v":0.02},null,{"$f":"P55","v":0.02}]
[null,"Senior Debt Rate",null,{"$f":"'Acquirer Assumptions'!D56","v":0},null,{"$f":"'Acquirer Assumptions'!F56","v":0},null,{"$f":"'Acquirer Assumptions'!H56","v":0},null,5.5E-2,null,{"$f":"J56","v":5.5E-2},null,{"$f":"L56","v":5.5E-2},null,{"$f":"N56","v":5.5E-2},null,{"$f":"P56","v":5.5E-2}]
[null,"Subordinated Debt",null,{"$f":"'Acquirer Assumptions'!D57","v":0},null,{"$f":"'Acquirer Assumptions'!F57","v":0},null,{"$f":"'Acquirer Assumptions'!H57","v":0},null,0.1,null,{"$f":"J57","v":0.1},null,{"$f":"L57","v":0.1},null,{"$f":"N57","v":0.1},null,{"$f":"P57","v":0.1}]
[null,"Average Interest Rate",null,{"$f":"'Acquirer Assumptions'!D58","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F58","v":0},null,{"$f":"'Acquirer Assumptions'!H58","v":0},null,{"$f":"+IF(ISERROR('Newco IS'!M27/AVERAGE('Newco BS'!M39:P39)),0,'Newco IS'!M27/AVERAGE('Newco BS'!M39:P39))","v":4.7424754089010375E-2},{"$f":"+IF(ISERROR('Newco IS'!N27/AVERAGE('Newco BS'!N39:Q39)),0,'Newco IS'!N27/AVERAGE('Newco BS'!N39:Q39))","v":0},{"$f":"+IF(ISERROR('Newco IS'!P27/AVERAGE('Newco BS'!P39:R39)),0,'Newco IS'!P27/AVERAGE('Newco BS'!P39:R39))","v":4.7420629054832138E-2},{"$f":"+IF(ISERROR('Newco IS'!P27/AVERAGE('Newco BS'!P39:S39)),0,'Newco IS'!P27/AVERAGE('Newco BS'!P39:S39))","v":4.7420629054832138E-2},{"$f":"+IF(ISERROR('Newco IS'!R27/AVERAGE('Newco BS'!R39:T39)),0,'Newco IS'!R27/AVERAGE('Newco BS'!R39:T39))","v":4.7415617877075898E-2},{"$f":"+IF(ISERROR('Newco IS'!R27/AVERAGE('Newco BS'!R39:U39)),0,'Newco IS'!R27/AVERAGE('Newco BS'!R39:U39))","v":4.7415617877075898E-2},{"$f":"+IF(ISERROR('Newco IS'!T27/AVERAGE('Newco BS'!T39:V39)),0,'Newco IS'!T27/AVERAGE('Newco BS'!T39:V39))","v":4.7409400651425231E-2},{"$f":"+IF(ISERROR('Newco IS'!T27/AVERAGE('Newco BS'!T39:W39)),0,'Newco IS'!T27/AVERAGE('Newco BS'!T39:W39))","v":4.7409400651425231E-2},{"$f":"+IF(ISERROR('Newco IS'!V27/AVERAGE('Newco BS'!V39:X39)),0,'Newco IS'!V27/AVERAGE('Newco BS'!V39:X39))","v":4.7401482425258233E-2}]
[null,"Marketable Securities Rate",null,{"$f":"'Acquirer Assumptions'!D59","v":0},null,{"$f":"'Acquirer Assumptions'!F59","v":0},null,{"$f":"'Acquirer Assumptions'!H59","v":0},null,{"$f":"'Acquirer Assumptions'!J59","v":0},null,{"$f":"'Acquirer Assumptions'!L59","v":0},null,{"$f":"'Acquirer Assumptions'!N59","v":0},null,{"$f":"'Acquirer Assumptions'!P59","v":0},null,{"$f":"'Acquirer Assumptions'!R59","v":0}]

{"sheet":"Newco IS","index":11,"n_rows":58,"n_cols":26,"rows_kept":58,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco Assumptions'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pro Forma Income Statement"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,"Actual",null,null,{"$f":"\"Projected \"&('Newco Assumptions'!J7)&\"\"","v":"Projected 2014"},null,null,null,"Trans",null,"Pro Forma",null,null,{"$f":"'Newco Assumptions'!J6","v":"Projections"},null,null,null,null,null,null,null,null,1," 0 = circ off"]
[null,null,null,{"$f":"'Acquirer Assumptions'!H7","v":2013},null,null,{"$f":"'Acquirer Assumptions'!A1","v":"Thermo (Acquirer)"},null,"Target",null,"Adj",null,{"$f":"'Newco Assumptions'!J7","v":2014},null,null,{"$f":"'Acquirer Assumptions'!L7","v":2015},null,{"$f":"'Acquirer Assumptions'!N7","v":2016},null,{"$f":"'Acquirer Assumptions'!P7","v":2017},null,{"$f":"'Acquirer Assumptions'!R7","v":2018},null,null,null," 1 = circ on"]
[]
[null,"Sales",null,{"$f":"'Acquirer IS'!H9","v":12509.9},null,null,{"$f":"'Acquirer IS'!J9","v":13510.692000000001},null,{"$f":"'Target IS'!J9","v":4064.3950000000004},null,{"$f":"Summary!R39","v":5},null,{"$f":"G9+I9+K9","v":17580.087},null,null,{"$f":"'Target IS'!L9+'Acquirer IS'!L9+Summary!R40","v":18960.450010000004},null,{"$f":"'Target IS'!N9+'Acquirer IS'!N9+Summary!R41","v":20437.196984300004},null,{"$f":"'Target IS'!P9+'Acquirer IS'!P9+Summary!R42","v":22023.639484689003},null,{"$f":"'Target IS'!R9+'Acquirer IS'!R9+Summary!R43","v":23733.740057024275}]
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[null,"  Integration Expenses",null,null,null,null,null,null,null,null,{"$f":"'Newco Assumptions'!J13","v":50},null,{"$f":"SUM(G11:K11)","v":50},null,null,{"$f":"'Newco Assumptions'!L13","v":50}]
[null,"  Cost of Goods Sold",null,{"$f":"'Acquirer IS'!H11","v":7214.4},null,null,{"$f":"'Acquirer IS'!J11","v":7565.9875200000015},null,{"$f":"'Target IS'!J11","v":1772.0762200000001},null,{"$f":"IF($Y$6=0,0,Summary!R39*(1-Summary!P39)-Summary!L39)","v":-72.350492848200403},null,{"$f":"IF($Y$6=0,0,G12+I12+K12+M11)","v":9315.7132471518016},null,null,{"$f":"IF($Y$6=0,0,'Target IS'!L11+'Acquirer IS'!L11+Summary!R40*(1-Summary!P40)-Summary!L40)+P11","v":9927.8602548751478},null,{"$f":"IF($Y$6=0,0,'Target IS'!N11+'Acquirer IS'!N11+Summary!R41*(1-Summary!P41)-Summary!L41)","v":10641.835636559654},null,{"$f":"IF($Y$6=0,0,'Target IS'!P11+'Acquirer IS'!P11+Summary!R42*(1-Summary!P42)-Summary!L42)","v":11489.877503923242},null,{"$f":"IF($Y$6=0,0,'Target IS'!R11+'Acquirer IS'!R11+Summary!R43*(1-Summary!P43)-Summary!L43)","v":12404.339075540311}]
[]
[null,"Gross Profit",null,{"$f":"D9-D12","v":5295.5},null,null,{"$f":"G9-G12","v":5944.7044799999994},null,{"$f":"I9-I12","v":2292.3187800000005},null,null,null,{"$f":"M9-SUM(M11:M12)","v":8214.3737528481979},{"$f":"N9-SUM(N11:N12)","v":0},0,8982.5897551248563,null,9795.3613477403505,null,10533.761980765761,null,11329.400981483965]
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[null,"  SG&A",null,{"$f":"'Acquirer IS'!H15","v":3354.9},null,null,{"$f":"'Acquirer IS'!J15","v":3589.7430000000004},null,{"$f":"'Target IS'!J15","v":1082.0195999999999},null,{"$f":"-Summary!F39+Summary!R39*Summary!F63","v":-9.5},null,{"$f":"G16+I16+K16","v":4662.2626},null,null,{"$f":"'Target IS'!L15+'Acquirer IS'!L15-Summary!F40+Summary!R40*Summary!F63","v":4933.1771196000009},null,{"$f":"'Target IS'!N15+'Acquirer IS'!N15-Summary!F41+Summary!R41*Summary!F63","v":5226.4128251496013},null,{"$f":"'Target IS'!P15+'Acquirer IS'!P15-Summary!F42+Summary!R42*Summary!F63","v":5543.7200160742914},null,{"$f":"'Target IS'!R15+'Acquirer IS'!R15-Summary!F43+Summary!R43*Summary!F63","v":5881.9356759859793}]
[null,"  Other Operating Expense",null,{"$f":"'Acquirer IS'!H16","v":458.5},null,null,{"$f":"'Acquirer IS'!J16","v":445.85283600000002},null,{"$f":"'Target IS'!J16","v":406.43950000000007},null,null,null,{"$f":"G17+I17+K17","v":852.29233600000009},null,null,{"$f":"'Target IS'!L16+'Acquirer IS'!L16","v":916.41132788000027},null,{"$f":"'Target IS'!N16+'Acquirer IS'!N16","v":985.37533146040028},null,{"$f":"'Target IS'!P16+'Acquirer IS'!P16","v":1059.5520321417323},null,{"$f":"'Target IS'!R16+'Acquirer IS'!R16","v":1139.337136069086}]
[null,"  Depreciation",null,{"$f":"'Acquirer IS'!H17","v":983.7},null,null,{"$f":"'Acquirer IS'!J17","v":1013.3019},null,{"$f":"'Target IS'!J17","v":130.06064000000001},null,null,null,{"$f":"G18+I18+K18","v":1143.3625400000001},null,null,{"$f":"'Target IS'!L17+'Acquirer IS'!L17","v":1233.5309368000001},null,{"$f":"'Target IS'!N17+'Acquirer IS'!N17","v":1330.8217628960001},null,{"$f":"'Target IS'!P17+'Acquirer IS'!P17","v":1435.7984396603201},null,{"$f":"'Target IS'!R17+'Acquirer IS'!R17","v":1549.0690160670708}]
[null,"  Amortization",null,{"$f":"'Acquirer IS'!H18","v":0},null,null,{"$f":"IF(Summary!F29=\"No\",0,'Acquirer IS'!J18)","v":0},null,{"$f":"'Target IS'!J18","v":300},null,{"$f":"Summary!F33","v":9.8800000000000008},null,{"$f":"G19+I19+K19","v":309.88},null,null,{"$f":"'Newco Assumptions'!L38+'Newco Assumptions'!L39+'Newco Assumptions'!L40","v":309.88},null,{"$f":"'Newco Assumptions'!N38+'Newco Assumptions'!N39+'Newco Assumptions'!N40","v":309.88},null,{"$f":"'Newco Assumptions'!P38+'Newco Assumptions'!P39+'Newco Assumptions'!P40","v":309.88},null,{"$f":"'Newco Assumptions'!R38+'Newco Assumptions'!R39+'Newco Assumptions'!R40","v":309.88}]
[]
[null,"EBIT",null,{"$f":"D14-SUM(D16:D19)","v":498.39999999999964},null,null,{"$f":"G14-SUM(G16:G19)","v":895.80674399999862},null,{"$f":"I14-SUM(I16:I19)","v":373.79904000000056},null,null,null,{"$f":"M14-SUM(M16:M19)","v":1246.5762768481973},null,null,{"$f":"P14-SUM(P16:P19)","v":1589.590370844855},null,{"$f":"R14-SUM(R16:R19)","v":1942.871428234349},null,{"$f":"T14-SUM(T16:T19)","v":2184.8114928894174},null,{"$f":"V14-SUM(V16:V19)","v":2449.1791533618289}]
[]
[null,"  Unusual (Gain) Loss",null,{"$f":"'Acquirer IS'!H22","v":0},null,null,{"$f":"'Acquirer IS'!J22","v":0},null,{"$f":"'Target IS'!J22","v":0},null,{"$f":"Summary!R17*(1-Summary!F34)","v":395.20000000000005},null,{"$f":"G23+I23+K23","v":395.20000000000005},null,null,{"$f":"'Target IS'!L22+'Acquirer IS'!L22","v":0},null,{"$f":"'Target IS'!N22+'Acquirer IS'!N22","v":0},null,{"$f":"'Target IS'!P22+'Acquirer IS'!P22","v":0},null,{"$f":"'Target IS'!R22+'Acquirer IS'!R22","v":0}]
[null,"  (Income) from Affiliates",null,{"$f":"'Acquirer IS'!H23","v":0},null,null,{"$f":"'Acquirer IS'!J23","v":0},null,{"$f":"'Target IS'!J23","v":0},null,null,null,{"$f":"G24+I24+K24","v":0},null,null,{"$f":"'Target IS'!L23+'Acquirer IS'!L23","v":0},null,{"$f":"'Target IS'!N23+'Acquirer IS'!N23","v":0},null,{"$f":"'Target IS'!P23+'Acquirer IS'!P23","v":0},null,{"$f":"'Target IS'!R23+'Acquirer IS'!R23","v":0}]
[null,"  Other Expense (Income)",null,{"$f":"'Acquirer IS'!H24","v":212.7},null,null,{"$f":"'Acquirer IS'!J24","v":0},null,{"$f":"'Target IS'!J24","v":0},null,null,null,{"$f":"G25+I25+K25","v":0},null,null,{"$f":"'Target IS'!L24+'Acquirer IS'!L24","v":0},null,{"$f":"'Target IS'!N24+'Acquirer IS'!N24","v":0},null,{"$f":"'Target IS'!P24+'Acquirer IS'!P24","v":0},null,{"$f":"'Target IS'!R24+'Acquirer IS'!R24","v":0}]
[null,"  Interest (Income)",null,{"$f":"'Acquirer IS'!H25","v":0},null,null,{"$f":"'Acquirer IS'!J25","v":0},null,{"$f":"'Target IS'!J25","v":0},null,{"$f":"+IF(ISERROR(M26-G26-I26),0,M26-G26-I26)","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!J59*AVERAGE('Newco BS'!M9:P9))","v":0},null,null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!J59*AVERAGE('Newco BS'!P9:R9))","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!L59*AVERAGE('Newco BS'!R9:T9))","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!N59*AVERAGE('Newco BS'!T9:V9))","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!P59*AVERAGE('Newco BS'!V9:X9))","v":0}]
[null,"  Interest Expense",null,{"$f":"'Acquirer IS'!H26","v":0},null,null,{"$f":"'Acquirer IS'!J26","v":339.06},null,{"$f":"'Target IS'!J26","v":105.54500000000002},null,{"$f":"+IF(ISERROR(M27-G27-I27),0,M27-G27-I27)","v":424.9793791875},null,{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!H52)),0,IF($Y$6=0,0,'Debt Repayment'!H52))","v":869.58437918749996},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!I52)),0,IF($Y$6=0,0,'Debt Repayment'!I52))","v":0},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!J52)),0,IF($Y$6=0,0,'Debt Repayment'!J52))","v":792.62965056250005},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!J52)),0,IF($Y$6=0,0,'Debt Repayment'!J52))","v":792.62965056250005},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!L52)),0,IF($Y$6=0,0,'Debt Repayment'!L52))","v":715.67492193750013},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!L52)),0,IF($Y$6=0,0,'Debt Repayment'!L52))","v":715.67492193750013},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!N52)),0,IF($Y$6=0,0,'Debt Repayment'!N52))","v":638.7201933125001},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!N52)),0,IF($Y$6=0,0,'Debt Repayment'!N52))","v":638.7201933125001},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!P52)),0,IF($Y$6=0,0,'Debt Repayment'!P52))","v":561.76546468750007},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!P52)),0,IF($Y$6=0,0,'Debt Repayment'!P52))","v":561.76546468750007}]
[]
[null,"Earnings before Taxes",null,{"$f":"D21-SUM(D23:D27)","v":285.69999999999965},null,null,{"$f":"G21-SUM(G23:G27)","v":556.74674399999867},null,{"$f":"I21-SUM(I23:I27)","v":268.25404000000054},null,null,null,{"$f":"M21-SUM(M23:M27)","v":-18.208102339302741},null,null,{"$f":"P21-SUM(P23:P27)","v":796.96072028235494},null,{"$f":"R21-SUM(R23:R27)","v":1227.1965062968488},null,{"$f":"T21-SUM(T23:T27)","v":1546.0912995769172},null,{"$f":"V21-SUM(V23:V27)","v":1887.4136886743288}]
[]
[null,"  Noncontrolling Interest",null,{"$f":"'Acquirer IS'!H30","v":0},null,null,{"$f":"'Acquirer IS'!J30","v":0},null,{"$f":"'Target IS'!J30","v":0},null,null,null,{"$f":"G31+I31+K31","v":0},null,null,{"$f":"'Target IS'!L30+'Acquirer IS'!L30","v":0},null,{"$f":"'Target IS'!N30+'Acquirer IS'!N30","v":0},null,{"$f":"'Target IS'!P30+'Acquirer IS'!P30","v":0},null,{"$f":"'Target IS'!R30+'Acquirer IS'!R30","v":0}]
[null,"  Taxes",null,{"$f":"'Acquirer IS'!H31","v":11},null,null,{"$f":"'Acquirer IS'!J31","v":144.75415343999967},null,{"$f":"'Target IS'!J31","v":107.30161600000022},null,{"$f":"(K9-K11-K12-K16-K19-K23+K26-K27)*'Newco Assumptions'!J48","v":-206.23431044821791},null,{"$f":"G32+I32+K32","v":45.821458991781981},null,null,{"$f":"P29*'Newco Assumptions'!L48","v":207.2097872734123},null,{"$f":"R29*'Newco Assumptions'!N48","v":319.0710916371807},null,{"$f":"T29*'Newco Assumptions'!P48","v":401.98373788999851},null,{"$f":"V29*'Newco Assumptions'!R48","v":490.72755905532551}]
[]
[null,"Net Income before Extra Items",null,{"$f":"D29-D31-D32","v":274.69999999999965},null,null,{"$f":"G29-G31-G32","v":411.99259055999903},null,{"$f":"I29-I31-I32","v":160.95242400000032},null,null,null,{"$f":"M29-M31-M32","v":-64.029561331084722},null,null,{"$f":"P29-P31-P32","v":589.75093300894264},null,{"$f":"R29-R31-R32","v":908.12541465966819},null,{"$f":"T29-T31-T32","v":1144.1075616869186},null,{"$f":"V29-V31-V32","v":1396.6861296190032}]
[]
[null,"  Extraordinary Items",null,{"$f":"'Acquirer IS'!H35","v":-19.2},null,null,{"$f":"'Acquirer IS'!J35","v":0},null,{"$f":"'Target IS'!J35","v":0},null,null,null,{"$f":"G36+I36+K36","v":0},null,null,{"$f":"'Target IS'!L35+'Acquirer IS'!L35","v":0},null,{"$f":"'Target IS'!N35+'Acquirer IS'!N35","v":0},null,{"$f":"'Target IS'!P35+'Acquirer IS'!P35","v":0},null,{"$f":"'Target IS'!R35+'Acquirer IS'!R35","v":0}]
[null,"  Discontinued Operations",null,{"$f":"'Acquirer IS'!H36","v":-61.3},null,null,{"$f":"'Acquirer IS'!J36","v":0},null,{"$f":"'Target IS'!J36","v":0},null,null,null,{"$f":"G37+I37+K37","v":0},null,null,{"$f":"'Target IS'!L36+'Acquirer IS'!L36","v":0},null,{"$f":"'Target IS'!N36+'Acquirer IS'!N36","v":0},null,{"$f":"'Target IS'!P36+'Acquirer IS'!P36","v":0},null,{"$f":"'Target IS'!R36+'Acquirer IS'!R36","v":0}]
[]
[null,"Net Income after Extra Items",null,{"$f":"D34+D36+D37","v":194.19999999999965},null,null,{"$f":"G34+G36+G37","v":411.99259055999903},null,{"$f":"I34+I36+I37","v":160.95242400000032},null,null,null,{"$f":"M34+M36+M37","v":-64.029561331084722},null,null,{"$f":"P34+P36+P37","v":589.75093300894264},null,{"$f":"R34+R36+R37","v":908.12541465966819},null,{"$f":"T34+T36+T37","v":1144.1075616869186},null,{"$f":"V34+V36+V37","v":1396.6861296190032}]
[]
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[]
[null,"EPS - Diluted",null,{"$f":"'Acquirer IS'!H42","v":0.75946917334807762},null,null,{"$f":"+IF(ISERROR(G39/'Acquirer Assumptions'!J54),0,G39/'Acquirer Assumptions'!J54)","v":1.1390450388719908},{"$f":"+IF(ISERROR(H39/'Acquirer Assumptions'!K54),0,H39/'Acquirer Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR(I39/'Acquirer Assumptions'!L54),0,I39/'Acquirer Assumptions'!L54)","v":0.44498873099253616},null,null,null,{"$f":"+IF(ISERROR(M39/'Newco Assumptions'!J54),0,M39/'Newco Assumptions'!J54)","v":-0.16408286996280938},{"$f":"+IF(ISERROR(N39/'Newco Assumptions'!K54),0,N39/'Newco Assumptions'!K54)","v":0},null,{"$f":"P34/'Newco Assumptions'!L54","v":1.5113023366032874},{"$f":"+IF(ISERROR(Q39/'Newco Assumptions'!N54),0,Q39/'Newco Assumptions'!N54)","v":0},{"$f":"R34/'Newco Assumptions'!N54","v":2.3271723439277285},{"$f":"+IF(ISERROR(S39/'Newco Assumptions'!P54),0,S39/'Newco Assumptions'!P54)","v":0},{"$f":"T34/'Newco Assumptions'!P54","v":2.9319028330841332},{"$f":"+IF(ISERROR(U39/'Newco Assumptions'!R54),0,U39/'Newco Assumptions'!R54)","v":0},{"$f":"V39/'Newco Assumptions'!R54","v":3.5791634960628271}]
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[null,"Other Financial Data"]
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[null,"Depreciation & Amortization",null,{"$f":"'Acquirer IS'!H46","v":983.7},null,null,{"$f":"'Acquirer IS'!J46","v":1013.3019},null,{"$f":"'Target IS'!J46","v":430.06064000000003},null,{"$f":"K19","v":9.8800000000000008},null,{"$f":"G47+I47+K47","v":1453.2425400000002},null,null,{"$f":"'Newco Assumptions'!L36+'Newco Assumptions'!L38+'Newco Assumptions'!L39+'Newco Assumptions'!L40","v":1543.4109368000002},null,{"$f":"'Newco Assumptions'!N36+'Newco Assumptions'!N38+'Newco Assumptions'!N39+'Newco Assumptions'!N40","v":1640.7017628960002},null,{"$f":"'Newco Assumptions'!P36+'Newco Assumptions'!P38+'Newco Assumptions'!P39+'Newco Assumptions'!P40","v":1745.6784396603202},null,{"$f":"'Newco Assumptions'!R36+'Newco Assumptions'!R38+'Newco Assumptions'!R39+'Newco Assumptions'!R40","v":1858.9490160670709}]
[null,"Capital Expenditures",null,{"$f":"'Acquirer IS'!H47","v":1083.4000000000001},null,null,{"$f":"'Acquirer IS'!J47","v":878.1949800000001},null,{"$f":"'Target IS'!J47","v":16.257580000000001},null,null,null,{"$f":"G48+I48+K48","v":894.45256000000006},null,null,{"$f":"'Newco Assumptions'!L34","v":965.84618900000021},null,{"$f":"'Newco Assumptions'!N34","v":1042.9399280140003},null,{"$f":"'Newco Assumptions'!P34","v":1126.1889892217002},null,{"$f":"'Newco Assumptions'!R34","v":1216.0849460136769}]
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[null,"EBITDA",null,{"$f":"D21+D47","v":1482.0999999999997},null,null,{"$f":"G21+G47","v":1909.1086439999985},null,{"$f":"I21+I47","v":803.85968000000059},null,null,null,{"$f":"M21+M47","v":2699.8188168481975},null,null,{"$f":"P21+P47","v":3133.0013076448549},null,{"$f":"R21+R47","v":3583.5731911303492},null,{"$f":"T21+T47","v":3930.4899325497377},null,{"$f":"V21+V47","v":4308.1281694289}]
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[null,"EPS (Excluding Unusual Items)",null,{"$f":"'Acquirer IS'!H51","v":0.75946917334807762},null,null,{"$f":"+IF(ISERROR((G34+G23*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54),0,(G34+G23*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54)","v":1.1390450388719908},null,{"$f":"+IF(ISERROR((I34+I23*(1-'Target Assumptions'!J49))/'Target Assumptions'!J54),0,(I34+I23*(1-'Target Assumptions'!J49))/'Target Assumptions'!J54)","v":0.92236346131805336},null,null,null,{"$f":"+IF(ISERROR((M34+M23*(1-'Newco Assumptions'!J48))/'Newco Assumptions'!J54),0,(M34+M23*(1-'Newco Assumptions'!J48))/'Newco Assumptions'!J54)","v":0.58534764552610186},{"$f":"+IF(ISERROR((N34+N23*(1-'Newco Assumptions'!K48))/'Newco Assumptions'!K54),0,(N34+N23*(1-'Newco Assumptions'!K48))/'Newco Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR((O34+O23*(1-'Newco Assumptions'!L48))/'Newco Assumptions'!L54),0,(O34+O23*(1-'Newco Assumptions'!L48))/'Newco Assumptions'!L54)","v":0},{"$f":"(P34+P23*(1-'Newco Assumptions'!L48))/'Newco Assumptions'!L54","v":1.5113023366032874},{"$f":"(Q34+Q23*(1-'Newco Assumptions'!M48))/'Newco Assumptions'!M54","v":{"$error":"#DIV/0!"}},{"$f":"(R34+R23*(1-'Newco Assumptions'!N48))/'Newco Assumptions'!N54","v":2.3271723439277285},{"$f":"(S34+S23*(1-'Newco Assumptions'!O48))/'Newco Assumptions'!O54","v":{"$error":"#DIV/0!"}},{"$f":"(T34+T23*(1-'Newco Assumptions'!P48))/'Newco Assumptions'!P54","v":2.9319028330841332},{"$f":"(U34+U23*(1-'Newco Assumptions'!Q48))/'Newco Assumptions'!Q54","v":{"$error":"#DIV/0!"}},{"$f":"(V34+V23*(1-'Newco Assumptions'!R48))/'Newco Assumptions'!R54","v":3.5791634960628271}]
[]
[null,"Cash EPS",null,{"$f":"'Acquirer IS'!H53","v":-0.23527785457561648},null,null,{"$f":"+IF(ISERROR('Acquirer CF'!J27/'Acquirer Assumptions'!J54),0,'Acquirer CF'!J27/'Acquirer Assumptions'!J54)","v":4.7901816804390203},null,{"$f":"+IF(ISERROR('Target CF'!J27/'Target Assumptions'!J54),0,'Target CF'!J27/'Target Assumptions'!J54)","v":4.919075210723399},null,null,null,{"$f":"+IF(ISERROR('Newco CF'!J27/'Newco Assumptions'!J54),0,'Newco CF'!J27/'Newco Assumptions'!J54)","v":9.4611459425091464},{"$f":"+IF(ISERROR('Newco CF'!K27/'Newco Assumptions'!K54),0,'Newco CF'!K27/'Newco Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR('Newco CF'!L27/'Newco Assumptions'!L54),0,'Newco CF'!L27/'Newco Assumptions'!L54)","v":5.8834355741996864},{"$f":"'Newco CF'!L27/'Newco Assumptions'!L54","v":5.8834355741996864},{"$f":"+IF(ISERROR('Newco CF'!N27/'Newco Assumptions'!N54),0,'Newco CF'!N27/'Newco Assumptions'!N54)","v":6.9965208159289078},{"$f":"'Newco CF'!N27/'Newco Assumptions'!N54","v":6.9965208159289078},{"$f":"+IF(ISERROR('Newco CF'!P27/'Newco Assumptions'!P54),0,'Newco CF'!P27/'Newco Assumptions'!P54)","v":7.9421093540188217},{"$f":"'Newco CF'!P27/'Newco Assumptions'!P54","v":7.9421093540188217},{"$f":"+IF(ISERROR('Newco CF'!R27/'Newco Assumptions'!R54),0,'Newco CF'!R27/'Newco Assumptions'!R54)","v":8.8784047892994771},{"$f":"'Newco CF'!R27/'Newco Assumptions'!R54","v":8.8784047892994771}]
[]
[null,"Dividends per share",null,{"$f":"'Acquirer Assumptions'!H45","v":0},null,null,{"$f":"'Acquirer Assumptions'!J45","v":0},null,{"$f":"'Target Assumptions'!J45","v":0},null,null,null,{"$f":"'Newco Assumptions'!J45","v":0},null,null,{"$f":"'Newco Assumptions'!L45","v":0},null,{"$f":"'Newco Assumptions'!N45","v":0},null,{"$f":"'Newco Assumptions'!P45","v":0},null,{"$f":"'Newco Assumptions'!R45","v":0}]
[]
[null,"Dividend-adjusted Cash EPS",null,{"$f":"D54-D56","v":-0.23527785457561648},null,null,{"$f":"+IF(ISERROR(G54-G56),0,G54-G56)","v":4.7901816804390203},null,{"$f":"+IF(ISERROR(I54-I56),0,I54-I56)","v":4.919075210723399},null,null,null,{"$f":"M54-M56","v":9.4611459425091464},null,null,{"$f":"P54-P56","v":5.8834355741996864},null,{"$f":"R54-R56","v":6.9965208159289078},null,{"$f":"T54-T56","v":7.9421093540188217},null,{"$f":"V54-V56","v":8.8784047892994771}]

{"sheet":"Newco BS","index":12,"n_rows":59,"n_cols":25,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco IS'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pro Forma Balance Sheet"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,null,{"$f":"\"Actual \"&('Newco Assumptions'!H7)&\"\"","v":"Actual 2013"},null,null,null,"Pre-Trans",null,"Trans",null,"Pro Forma",null,null,{"$f":"'Newco IS'!P6","v":"Projections"}]
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[null,"Cash",null,null,{"$f":"'Acquirer BS'!H9","v":855.3},null,{"$f":"'Target BS'!H9","v":276.3},null,null,null,{"$f":"-Summary!R7","v":-1000},null,{"$f":"E9+G9+I9+K9","v":131.59999999999991},null,null,{"$f":"+IF(ISERROR('Newco CF'!J52),0,'Newco CF'!J52)","v":1307.9255712357813},null,{"$f":"'Newco CF'!L52","v":1016.7384334941653},null,{"$f":"'Newco CF'!N52","v":1082.8134390325415},null,{"$f":"'Newco CF'!P52","v":1434.6335343512033},null,{"$f":"'Newco CF'!R52","v":2061.9254045058497}]
[null,"Accounts Receivable",null,null,{"$f":"'Acquirer BS'!H10","v":1804.9},null,{"$f":"'Target BS'!H10","v":697.3},null,null,null,null,null,{"$f":"E10+G10+I10+K10","v":2502.1999999999998},null,null,{"$f":"('Newco Assumptions'!J23*'Newco IS'!M9)/365","v":2545.5036913845115},null,{"$f":"('Newco Assumptions'!L23*'Newco IS'!P9)/365","v":2744.6874224413314},null,{"$f":"('Newco Assumptions'!N23*'Newco IS'!R9)/365","v":2957.7239629173014},null,{"$f":"('Newco Assumptions'!P23*'Newco IS'!T9)/365","v":3186.5297255887444},null,{"$f":"('Newco Assumptions'!R23*'Newco IS'!V9)/365","v":3433.1134983991456}]
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[]
[null,"  Current Assets",null,null,{"$f":"SUM(E9:E12)","v":4834.8},null,{"$f":"SUM(G9:G12)","v":1625.1999999999998},null,null,null,null,null,{"$f":"SUM(M9:M12)","v":5459.9999999999991},null,null,{"$f":"SUM(P9:P12)","v":4921.4726069201288},null,{"$f":"SUM(R9:R12)","v":4911.667690592707},null,{"$f":"SUM(T9:T12)","v":5279.5242273150425},null,{"$f":"SUM(V9:V12)","v":5956.5873918099369},null,{"$f":"SUM(X9:X12)","v":6934.4190308619864}]
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[null,"Property, Plant, & Equipment",null,null,{"$f":"'Acquirer BS'!H16","v":1726.4},null,{"$f":"'Target BS'!H16","v":871.40000000000009},null,0,null,null,null,{"$f":"E16+G16+I16+K16","v":2597.8000000000002},null,null,{"$f":"M16+'Newco Assumptions'!J34","v":3492.2525600000004},null,{"$f":"P16+'Newco Assumptions'!L34","v":4458.0987490000007},null,{"$f":"R16+'Newco Assumptions'!N34","v":5501.0386770140012},null,{"$f":"T16+'Newco Assumptions'!P34","v":6627.2276662357017},null,{"$f":"V16+'Newco Assumptions'!R34","v":7843.3126122493786}]
[null,"Accumulated Depreciation",null,null,{"$f":"'Acquirer BS'!H17","v":0},null,{"$f":"'Target BS'!H17","v":0},null,0,null,null,null,{"$f":"E17+G17+I17+K17","v":0},null,null,{"$f":"M17-'Newco Assumptions'!J36","v":-1143.3625400000001},null,{"$f":"P17-'Newco Assumptions'!L36","v":-2376.8934767999999},null,{"$f":"R17-'Newco Assumptions'!N36","v":-3707.715239696},null,{"$f":"T17-'Newco Assumptions'!P36","v":-5143.5136793563197},null,{"$f":"V17-'Newco Assumptions'!R36","v":-6692.5826954233908}]
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[null,"  Net Property, Plant, & Equipment",null,null,{"$f":"SUM(E16:E17)","v":1726.4},null,{"$f":"SUM(G16:G17)","v":871.40000000000009},null,null,null,null,null,{"$f":"SUM(M16:M17)","v":2597.8000000000002},null,null,{"$f":"SUM(P16:P17)","v":2348.8900200000003},null,{"$f":"SUM(R16:R17)","v":2081.2052722000008},null,{"$f":"SUM(T16:T17)","v":1793.3234373180012},null,{"$f":"SUM(V16:V17)","v":1483.713986879382},null,{"$f":"SUM(X16:X17)","v":1150.7299168259879}]
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[null,"Goodwill",null,null,{"$f":"'Acquirer BS'!H21","v":12474.5},null,{"$f":"'Target BS'!H21","v":4503.3999999999996},null,0,null,{"$f":"Summary!F27","v":9157.1942999999992},null,{"$f":"E21+G21+I21+K21","v":26135.094300000001},null,null,{"$f":"M21-'Newco Assumptions'!J38","v":26135.094300000001},null,{"$f":"P21-'Newco Assumptions'!L38","v":26135.094300000001},null,{"$f":"R21-'Newco Assumptions'!N38","v":26135.094300000001},null,{"$f":"T21-'Newco Assumptions'!P38","v":26135.094300000001},null,{"$f":"V21-'Newco Assumptions'!R38","v":26135.094300000001}]
[null,"Intangible Assets",null,null,{"$f":"'Acquirer BS'!H22","v":7804.5},null,{"$f":"'Target BS'!H22","v":1525.8},null,null,null,null,null,9330.2999999999993,null,null,{"$f":"M22-'Newco Assumptions'!J39","v":9030.2999999999993},null,{"$f":"P22-'Newco Assumptions'!L39","v":8730.2999999999993},null,{"$f":"R22-'Newco Assumptions'!N39","v":8430.2999999999993},null,{"$f":"T22-'Newco Assumptions'!P39","v":8130.2999999999993},null,{"$f":"V22-'Newco Assumptions'!R39","v":7830.2999999999993}]
[null,"Deferred Financing Expenses",null,null,0,null,0,null,null,null,{"$f":"Summary!R17*Summary!F34","v":98.800000000000011},null,98.800000000000011,null,null,{"$f":"M23-'Newco Assumptions'!J40","v":88.920000000000016},null,{"$f":"P23-'Newco Assumptions'!L40","v":79.04000000000002},null,{"$f":"R23-'Newco Assumptions'!N40","v":69.160000000000025},null,{"$f":"T23-'Newco Assumptions'!P40","v":59.280000000000022},null,{"$f":"V23-'Newco Assumptions'!R40","v":49.40000000000002}]
[null,"Deferred Taxes",null,null,{"$f":"'Acquirer BS'!H23","v":0},null,{"$f":"'Target BS'!H23","v":23},null,null,null,null,null,23,null,null,{"$f":"M24+'Newco Assumptions'!J41","v":23},null,{"$f":"P24+'Newco Assumptions'!L41","v":23},null,{"$f":"R24+'Newco Assumptions'!N41","v":23},null,{"$f":"T24+'Newco Assumptions'!P41","v":23},null,{"$f":"V24+'Newco Assumptions'!R41","v":23}]
[null,"Equity in Affiliates",null,null,{"$f":"'Acquirer BS'!H24","v":0},null,{"$f":"'Target BS'!H24","v":0},null,null,null,null,null,0,null,null,{"$f":"M25-'Newco IS'!M24-'Newco Assumptions'!J43","v":0},null,{"$f":"P25-'Newco IS'!P24-'Newco Assumptions'!L43","v":0},null,{"$f":"R25-'Newco IS'!R24-'Newco Assumptions'!N43","v":0},null,{"$f":"T25-'Newco IS'!T24-'Newco Assumptions'!P43","v":0},null,{"$f":"V25-'Newco IS'!V24-'Newco Assumptions'!R43","v":0}]
[null,"Other",null,null,{"$f":"'Acquirer BS'!H25","v":604.4},null,{"$f":"'Target BS'!H25","v":89.2},null,null,null,null,null,693.6,null,null,{"$f":"M26+'Newco Assumptions'!J28","v":693.6},null,{"$f":"P26+'Newco Assumptions'!L28","v":693.6},null,{"$f":"R26+'Newco Assumptions'!N28","v":693.6},null,{"$f":"T26+'Newco Assumptions'!P28","v":693.6},null,{"$f":"V26+'Newco Assumptions'!R28","v":693.6}]
[]
[null,"Total Assets",null,null,{"$f":"E14+E19+SUM(E21:E26)","v":27444.600000000002},null,{"$f":"G14+G19+SUM(G21:G26)","v":8638},null,null,null,null,null,{"$f":"M14+M19+SUM(M21:M26)","v":44338.594299999997},null,null,{"$f":"P14+P19+SUM(P21:P26)","v":43241.276926920124},null,{"$f":"R14+R19+SUM(R21:R26)","v":42653.907262792709},null,{"$f":"T14+T19+SUM(T21:T26)","v":42424.001964633047},null,{"$f":"V14+V19+SUM(V21:V26)","v":42481.575678689318},null,{"$f":"X14+X19+SUM(X21:X26)","v":42816.543247687972}]
[]
[null,"Accounts Payable",null,null,{"$f":"'Acquirer BS'!H29","v":641.4},null,{"$f":"'Target BS'!H29","v":186.6},null,null,null,null,null,{"$f":"E30+G30+I30+K30","v":828},null,null,{"$f":"('Newco Assumptions'!J26*'Newco IS'!M12)/365","v":876.14624838665043},null,{"$f":"('Newco Assumptions'!L26*'Newco IS'!P12)/365","v":933.44735816065179},null,{"$f":"('Newco Assumptions'!N26*'Newco IS'!R12)/365","v":1000.288090228878},null,{"$f":"('Newco Assumptions'!P26*'Newco IS'!T12)/365","v":1079.6898501058702},null,{"$f":"('Newco Assumptions'!R26*'Newco IS'!V12)/365","v":1165.2872955431587}]
[null,"Other",null,null,{"$f":"'Acquirer BS'!H30","v":1451.9},null,{"$f":"'Target BS'!H30","v":1005.8000000000001},null,null,null,null,null,{"$f":"E31+G31+I31+K31","v":2457.7000000000003},null,null,{"$f":"'Newco Assumptions'!J27*'Newco IS'!M12","v":2787.1821315312295},null,{"$f":"'Newco Assumptions'!L27*'Newco IS'!P12","v":2963.6766162875306},null,{"$f":"'Newco Assumptions'!N27*'Newco IS'!R12","v":3169.7213630666374},null,{"$f":"'Newco Assumptions'!P27*'Newco IS'!T12","v":3414.701947225667},null,{"$f":"'Newco Assumptions'!R27*'Newco IS'!V12","v":3678.3021328346986}]
[]
[null,"  Current Liabilities",null,null,{"$f":"SUM(E30:E31)","v":2093.3000000000002},null,{"$f":"SUM(G30:G31)","v":1192.4000000000001},null,null,null,null,null,{"$f":"SUM(M30:M31)","v":3285.7000000000003},null,null,{"$f":"SUM(P30:P31)","v":3663.3283799178798},null,{"$f":"SUM(R30:R31)","v":3897.1239744481823},null,{"$f":"SUM(T30:T31)","v":4170.0094532955154},null,{"$f":"SUM(V30:V31)","v":4494.3917973315374},null,{"$f":"SUM(X30:X31)","v":4843.5894283778571}]
[]
[null,"Revolving Credit Facility",null,null,{"$f":"'Acquirer BS'!H34","v":0},null,{"$f":"'Target BS'!H34","v":0},null,null,null,{"$f":"Summary!R11","v":0},null,{"$f":"E35+G35+I35+K35","v":0},null,null,{"$f":"+IF(ISERROR('Newco CF'!J51),0,'Newco CF'!J51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!K51),0,'Newco CF'!K51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!L51),0,'Newco CF'!L51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!M51),0,'Newco CF'!M51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!N51),0,'Newco CF'!N51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!O51),0,'Newco CF'!O51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!P51),0,'Newco CF'!P51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!Q51),0,'Newco CF'!Q51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!R51),0,'Newco CF'!R51)","v":0}]
[null,"Senior Debt",null,null,{"$f":"'Acquirer BS'!H35","v":7031.2},null,{"$f":"'Target BS'!H35","v":2260.9},null,null,null,{"$f":"Summary!R12","v":9854.5943000000007},null,{"$f":"E36+G36+I36+K36","v":19146.694300000003},null,null,{"$f":"+M36-'Debt Repayment'!H10-'Debt Repayment'!H16-'Debt Repayment'!H22","v":17525.478108333336},{"$f":"+IF(ISERROR(N36-'Debt Repayment'!I10-'Debt Repayment'!I16-'Debt Repayment'!I22),0,N36-'Debt Repayment'!I10-'Debt Repayment'!I16-'Debt Repayment'!I22)","v":0},{"$f":"+P36-'Debt Repayment'!J10-'Debt Repayment'!J16-'Debt Repayment'!J22","v":15904.26191666667},{"$f":"+Q36-'Debt Repayment'!K10-'Debt Repayment'!K16-'Debt Repayment'!K22","v":0},{"$f":"+R36-'Debt Repayment'!L10-'Debt Repayment'!L16-'Debt Repayment'!L22","v":14283.045725000004},{"$f":"+S36-'Debt Repayment'!M10-'Debt Repayment'!M16-'Debt Repayment'!M22","v":0},{"$f":"+T36-'Debt Repayment'!N10-'Debt Repayment'!N16-'Debt Repayment'!N22","v":12661.829533333337},{"$f":"+U36-'Debt Repayment'!O10-'Debt Repayment'!O16-'Debt Repayment'!O22","v":0},{"$f":"+V36-'Debt Repayment'!P10-'Debt Repayment'!P16-'Debt Repayment'!P22","v":11040.613341666671}]
[null,"Subordinated Debt",null,null,{"$f":"'Acquirer BS'!H36","v":0},null,{"$f":"'Target BS'!H36","v":0},null,null,null,{"$f":"Summary!R13","v":0},null,{"$f":"E37+G37+I37+K37","v":0},null,null,{"$f":"+M37-'Debt Repayment'!H11-'Debt Repayment'!H17-'Debt Repayment'!H23","v":0},{"$f":"+IF(ISERROR(N37-'Debt Repayment'!I11-'Debt Repayment'!I17-'Debt Repayment'!I23),0,N37-'Debt Repayment'!I11-'Debt Repayment'!I17-'Debt Repayment'!I23)","v":0},{"$f":"+P37-'Debt Repayment'!J11-'Debt Repayment'!J17-'Debt Repayment'!J23","v":0},{"$f":"+Q37-'Debt Repayment'!K11-'Debt Repayment'!K17-'Debt Repayment'!K23","v":0},{"$f":"+R37-'Debt Repayment'!L11-'Debt Repayment'!L17-'Debt Repayment'!L23","v":0},{"$f":"+S37-'Debt Repayment'!M11-'Debt Repayment'!M17-'Debt Repayment'!M23","v":0},{"$f":"+T37-'Debt Repayment'!N11-'Debt Repayment'!N17-'Debt Repayment'!N23","v":0},{"$f":"+U37-'Debt Repayment'!O11-'Debt Repayment'!O17-'Debt Repayment'!O23","v":0},{"$f":"+V37-'Debt Repayment'!P11-'Debt Repayment'!P17-'Debt Repayment'!P23","v":0}]
[]
[null,"  Total",null,null,{"$f":"SUM(E35:E37)","v":7031.2},null,{"$f":"SUM(G35:G37)","v":2260.9},null,null,null,null,null,{"$f":"SUM(M35:M37)","v":19146.694300000003},null,null,{"$f":"SUM(P35:P37)","v":17525.478108333336},null,{"$f":"SUM(R35:R37)","v":15904.26191666667},null,{"$f":"SUM(T35:T37)","v":14283.045725000004},null,{"$f":"SUM(V35:V37)","v":12661.829533333337},null,{"$f":"SUM(X35:X37)","v":11040.613341666671}]
[]
[null,"Deferred Taxes",null,null,{"$f":"'Acquirer BS'!H40","v":2047.2},null,{"$f":"'Target BS'!H40","v":287.39999999999998},null,null,null,null,null,{"$f":"E41+G41+I41+K41","v":2334.6},null,null,{"$f":"M41+'Newco Assumptions'!J42","v":2544.9},null,{"$f":"P41+'Newco Assumptions'!L42","v":2755.2000000000003},null,{"$f":"R41+'Newco Assumptions'!N42","v":2965.5000000000005},null,{"$f":"T41+'Newco Assumptions'!P42","v":3175.8000000000006},null,{"$f":"V41+'Newco Assumptions'!R42","v":3386.1000000000008}]
[null,"Other",null,null,{"$f":"'Acquirer BS'!H41","v":808.2},null,{"$f":"'Target BS'!H41","v":443.9},null,null,null,null,null,{"$f":"E42+G42+I42+K42","v":1252.0999999999999},null,null,{"$f":"M42+'Newco Assumptions'!J29","v":1252.0999999999999},null,{"$f":"P42+'Newco Assumptions'!L29","v":1252.0999999999999},null,{"$f":"R42+'Newco Assumptions'!N29","v":1252.0999999999999},null,{"$f":"T42+'Newco Assumptions'!P29","v":1252.0999999999999},null,{"$f":"V42+'Newco Assumptions'!R29","v":1252.0999999999999}]
[]
[null,"Total Liabilities",null,null,{"$f":"E33+E39+SUM(E41:E42)","v":11979.9},null,{"$f":"G33+G39+SUM(G41:G42)","v":4184.6000000000004},null,null,null,null,null,{"$f":"M33+M39+SUM(M41:M42)","v":26019.094300000004},null,null,{"$f":"P33+P39+SUM(P41:P42)","v":24985.806488251215},null,{"$f":"R33+R39+SUM(R41:R42)","v":23808.685891114852},null,{"$f":"T33+T39+SUM(T41:T42)","v":22670.655178295521},null,{"$f":"V33+V39+SUM(V41:V42)","v":21584.121330664875},null,{"$f":"X33+X39+SUM(X41:X42)","v":20522.402770044529}]
[]
[null,"Common Stock",null,null,{"$f":"'Acquirer BS'!H45","v":413.5},null,{"$f":"'Target BS'!H45","v":5733.7000000000007},null,null,null,{"$f":"Summary!R8+Summary!R9-G46","v":-3533.7000000000007},null,{"$f":"E46+G46+I46+K46","v":2613.5},null,null,{"$f":"M46","v":2613.5},null,{"$f":"P46","v":2613.5},null,{"$f":"R46","v":2613.5},null,{"$f":"T46","v":2613.5},null,{"$f":"V46","v":2613.5}]
[null,"Preferred Equity",null,null,{"$f":"'Acquirer BS'!H46","v":0},null,{"$f":"'Target BS'!H46","v":0},null,null,null,{"$f":"-G47+Summary!R10","v":1050},null,1050,null,null,{"$f":"M47","v":1050},null,{"$f":"P47","v":1050},null,{"$f":"R47","v":1050},null,{"$f":"T47","v":1050},null,{"$f":"V47","v":1050}]
[null,"Retained Earnings",null,null,{"$f":"'Acquirer BS'!H47","v":7697.3},null,{"$f":"'Target BS'!H47","v":1341.8},null,null,null,{"$f":"-G48","v":-1341.8},null,7697.3,null,null,{"$f":"M48+'Newco IS'!M39+'Newco CF'!J37","v":7633.2704386689156},null,{"$f":"P48+'Newco IS'!P39+'Newco CF'!L37","v":8223.021371677858},null,{"$f":"R48+'Newco IS'!R39+'Newco CF'!N37","v":9131.1467863375256},null,{"$f":"T48+'Newco IS'!T39+'Newco CF'!P37","v":10275.254348024444},null,{"$f":"V48+'Newco IS'!V39+'Newco CF'!R37","v":11671.940477643448}]
[null,"Treasury Stock",null,null,{"$f":"'Acquirer BS'!H48","v":-2996.8},null,{"$f":"'Target BS'!H48","v":-2682},null,null,null,{"$f":"-G49","v":2682},null,-2996.8,null,null,{"$f":"M49","v":-2996.8},null,{"$f":"P49","v":-2996.8},null,{"$f":"R49","v":-2996.8},null,{"$f":"T49","v":-2996.8},null,{"$f":"V49","v":-2996.8}]
[null,"Other Adjustments",null,null,{"$f":"'Acquirer BS'!H49","v":10350.700000000001},null,{"$f":"'Target BS'!H49","v":59.1},null,null,null,{"$f":"-G50-Summary!R17*(1-Summary!F34)","v":-454.30000000000007},null,9955.5000000000018,null,null,{"$f":"M50","v":9955.5000000000018},null,{"$f":"P50","v":9955.5000000000018},null,{"$f":"R50","v":9955.5000000000018},null,{"$f":"T50","v":9955.5000000000018},null,{"$f":"V50","v":9955.5000000000018}]
[null,"Noncontrolling Interest",null,null,{"$f":"'Acquirer BS'!H50","v":0},null,{"$f":"'Target BS'!H50","v":0.8},null,null,null,{"$f":"-G51","v":-0.8},null,0,{"$f":"F51+H51+J51+L51","v":0},{"$f":"G51+I51+K51+M51","v":0},{"$f":"M51","v":0},{"$f":"N51","v":0},0,0,0,0,0,0,0]
[null,"Total Stockholders Equity",null,null,{"$f":"SUM(E46:E51)","v":15464.7},{"$f":"SUM(F46:F51)","v":0},4453.4000000000015,null,null,null,null,null,{"$f":"SUM(M46:M51)","v":18319.5},{"$f":"SUM(N46:N51)","v":0},0,18255.470438668919,0,18845.221371677857,0,19753.346786337526,0,20897.454348024447,0,22294.14047764345]
[]
[null,"Total Liabilities and Equity",null,null,{"$f":"E44+E52","v":27444.6},null,{"$f":"G44+G52","v":8638.0000000000018},null,null,null,null,null,{"$f":"M44+M52","v":44338.594300000004},null,null,{"$f":"+IF(ISERROR(P44+P52),0,P44+P52)","v":43241.276926920138},{"$f":"+IF(ISERROR(Q44+Q52),0,Q44+Q52)","v":0},42653.907262792709,0,42424.001964633047,0,42481.575678689318,0,42816.54324768798]
[]
[]
[]
[]
[null,"Reconciliation",null,null,{"$f":"E54-E28","v":0},null,{"$f":"G54-G28","v":0},null,null,null,null,null,{"$f":"M28-M54","v":0},null,null,{"$f":"P28-P54","v":0},{"$f":"Q54-Q28+12","v":12},{"$f":"R28-R54","v":0},{"$f":"S28-S54","v":0},0,0,0,0,0]

{"sheet":"Newco CF","index":13,"n_rows":54,"n_cols":19,"rows_kept":54,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco IS'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pro Forma Statement of Cash Flow"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,null,null,{"$f":"'Newco Assumptions'!D6","v":"Actual"},null,null,null,{"$f":"'Newco BS'!P6","v":"Projections"}]
[null,null,null,null,null,{"$f":"'Acquirer BS'!F7","v":2012},null,{"$f":"'Acquirer BS'!H7","v":2013},null,{"$f":"'Acquirer BS'!J7","v":2014},null,{"$f":"'Acquirer BS'!L7","v":2015},null,{"$f":"'Acquirer BS'!N7","v":2016},null,{"$f":"'Acquirer BS'!P7","v":2017},null,{"$f":"'Acquirer BS'!R7","v":2018}]
[]
[null,"Net Income",null,null,null,{"$f":"'Acquirer CF'!F9","v":434.29999999999984},null,{"$f":"'Acquirer CF'!H9","v":194.19999999999965},null,{"$f":"'Newco IS'!M39","v":-64.029561331084722},null,{"$f":"'Newco IS'!P39","v":589.75093300894264},null,{"$f":"'Newco IS'!R39","v":908.12541465966819},null,{"$f":"'Newco IS'!T39","v":1144.1075616869186},null,{"$f":"'Newco IS'!V39","v":1396.6861296190032}]
[]
[null,"Depreciation & Amortization",null,null,null,{"$f":"'Acquirer CF'!F11","v":895.6},null,{"$f":"'Acquirer CF'!H11","v":983.7},null,{"$f":"'Newco IS'!M47","v":1453.2425400000002},null,{"$f":"'Newco IS'!P47","v":1543.4109368000002},null,{"$f":"'Newco IS'!R47","v":1640.7017628960002},null,{"$f":"'Newco IS'!T47","v":1745.6784396603202},null,{"$f":"'Newco IS'!V47","v":1858.9490160670709}]
[]
[null,"Income from Affiliates, Net of Dividends",null,null,null,{"$f":"'Acquirer CF'!F13","v":0},null,{"$f":"'Acquirer CF'!H13","v":0},null,{"$f":"'Newco IS'!M24+'Newco Assumptions'!J43","v":0},null,{"$f":"'Newco IS'!P24+'Newco Assumptions'!L43","v":0},null,{"$f":"'Newco IS'!R24+'Newco Assumptions'!N43","v":0},null,{"$f":"'Newco IS'!T24+'Newco Assumptions'!P43","v":0},null,{"$f":"'Newco IS'!V24+'Newco Assumptions'!R43","v":0}]
[]
["Change in"]
[]
[null,"Accounts Receivable",null,null,null,{"$f":"'Acquirer CF'!F17","v":-289.79999999999995},null,{"$f":"'Acquirer CF'!H17","v":-41.200000000000045},null,{"$f":"'Newco BS'!M10-'Newco BS'!P10","v":-43.303691384511694},null,{"$f":"'Newco BS'!P10-'Newco BS'!R10","v":-199.18373105681985},null,{"$f":"'Newco BS'!R10-'Newco BS'!T10","v":-213.03654047597001},null,{"$f":"'Newco BS'!T10-'Newco BS'!V10","v":-228.80576267144306},null,{"$f":"'Newco BS'!V10-'Newco BS'!X10","v":-246.58377281040111}]
[null,"Inventory",null,null,null,{"$f":"'Acquirer CF'!F18","v":-157.59999999999991},null,{"$f":"'Acquirer CF'!H18","v":-113.20000000000005},null,{"$f":"'Newco BS'!M11-'Newco BS'!P11","v":1705.1178335834193},null,{"$f":"'Newco BS'!P11-'Newco BS'!R11","v":-9.5557832152227036},null,{"$f":"'Newco BS'!R11-'Newco BS'!T11","v":-11.037557450228206},null,{"$f":"'Newco BS'!T11-'Newco BS'!V11","v":-12.965220538846978},null,{"$f":"'Newco BS'!V11-'Newco BS'!X11","v":-13.985285868057446}]
[null,"Other Current Assets",null,null,null,{"$f":"'Acquirer CF'!F19","v":-144.39999999999998},null,{"$f":"'Acquirer CF'!H19","v":-23.799999999999955},null,{"$f":"'Newco BS'!M12-'Newco BS'!P12","v":53.038822116744996},null,{"$f":"'Newco BS'!P12-'Newco BS'!R12","v":-72.64270714215229},null,{"$f":"'Newco BS'!R12-'Newco BS'!T12","v":-77.70743325776084},null,{"$f":"'Newco BS'!T12-'Newco BS'!V12","v":-83.47208596594237},null,{"$f":"'Newco BS'!V12-'Newco BS'!X12","v":-89.970710218945669}]
[null,"Accounts Payable",null,null,null,{"$f":"'Acquirer CF'!F20","v":65.899999999999977},null,{"$f":"'Acquirer CF'!H20","v":29.100000000000023},null,{"$f":"'Newco BS'!P30-'Newco BS'!M30","v":48.146248386650427},null,{"$f":"'Newco BS'!R30-'Newco BS'!P30","v":57.301109774001361},null,{"$f":"'Newco BS'!T30-'Newco BS'!R30","v":66.840732068226203},null,{"$f":"'Newco BS'!V30-'Newco BS'!T30","v":79.401759876992173},null,{"$f":"'Newco BS'!X30-'Newco BS'!V30","v":85.59744543728857}]
[null,"Other Current Liabilities",null,null,null,{"$f":"'Acquirer CF'!F21","v":1337.9},null,{"$f":"'Acquirer CF'!H21","v":-1048.9000000000001},null,{"$f":"'Newco BS'!P31-'Newco BS'!M31","v":329.48213153122924},null,{"$f":"'Newco BS'!R31-'Newco BS'!P31","v":176.49448475630106},null,{"$f":"'Newco BS'!T31-'Newco BS'!R31","v":206.04474677910684},null,{"$f":"'Newco BS'!V31-'Newco BS'!T31","v":244.9805841590296},null,{"$f":"'Newco BS'!X31-'Newco BS'!V31","v":263.60018560903154}]
[null,"Other Assets",null,null,null,{"$f":"'Acquirer CF'!F22","v":332.70000000000005},null,{"$f":"'Acquirer CF'!H22","v":6.8999999999999773},null,{"$f":"'Newco BS'!M26-'Newco BS'!P26","v":0},null,{"$f":"'Newco BS'!P26-'Newco BS'!R26","v":0},null,{"$f":"'Newco BS'!R26-'Newco BS'!T26","v":0},null,{"$f":"'Newco BS'!T26-'Newco BS'!V26","v":0},null,{"$f":"'Newco BS'!V26-'Newco BS'!X26","v":0}]
[null,"Deferred Taxes",null,null,null,{"$f":"'Acquirer CF'!F23","v":602.70000000000027},null,{"$f":"'Acquirer CF'!H23","v":-182.10000000000014},null,{"$f":"'Newco BS'!P41-'Newco BS'!M41+'Newco BS'!M24-'Newco BS'!P24","v":210.30000000000018},null,{"$f":"'Newco BS'!R41-'Newco BS'!P41+'Newco BS'!P24-'Newco BS'!R24","v":210.30000000000018},null,{"$f":"'Newco BS'!T41-'Newco BS'!R41+'Newco BS'!R24-'Newco BS'!T24","v":210.30000000000018},null,{"$f":"'Newco BS'!V41-'Newco BS'!T41+'Newco BS'!T24-'Newco BS'!V24","v":210.30000000000018},null,{"$f":"'Newco BS'!X41-'Newco BS'!V41+'Newco BS'!V24-'Newco BS'!X24","v":210.30000000000018}]
[null,"Minority Interest",null,null,null,{"$f":"'Acquirer CF'!F24","v":0},null,{"$f":"'Acquirer CF'!H24","v":0},null,{"$f":"'Newco BS'!P51-'Newco BS'!M51","v":0},null,{"$f":"'Newco BS'!R51-'Newco BS'!P51","v":0},null,{"$f":"'Newco BS'!T51-'Newco BS'!R51","v":0},null,{"$f":"'Newco BS'!V51-'Newco BS'!T51","v":0},null,{"$f":"'Newco BS'!X51-'Newco BS'!V51","v":0}]
[null,"Other Liabilities",null,null,null,{"$f":"'Acquirer CF'!F25","v":77},null,{"$f":"'Acquirer CF'!H25","v":110.20000000000005},null,{"$f":"'Newco BS'!P42-'Newco BS'!M42","v":0},null,{"$f":"'Newco BS'!R42-'Newco BS'!P42","v":0},null,{"$f":"'Newco BS'!T42-'Newco BS'!R42","v":0},null,{"$f":"'Newco BS'!V42-'Newco BS'!T42","v":0},null,{"$f":"'Newco BS'!X42-'Newco BS'!V42","v":0}]
[]
["Cash Flow from Operating Activities",null,null,null,null,{"$f":"SUM(F9:F25)","v":3154.3000000000006},null,{"$f":"SUM(H9:H25)","v":-85.100000000000477},null,{"$f":"SUM(J9:J25)","v":3691.9943229024479},null,{"$f":"SUM(L9:L25)","v":2295.8752429250508},null,{"$f":"SUM(N9:N25)","v":2730.231125219043},null,{"$f":"SUM(P9:P25)","v":3099.2252762070284},null,{"$f":"SUM(R9:R25)","v":3464.5930078349897}]
[]
[null,"Capital Expenditures",null,null,null,{"$f":"'Acquirer CF'!F29","v":-260.89999999999998},null,{"$f":"'Acquirer CF'!H29","v":-1083.4000000000001},null,{"$f":"-'Newco IS'!M48","v":-894.45256000000006},null,{"$f":"-'Newco Assumptions'!L34","v":-965.84618900000021},null,{"$f":"-'Newco Assumptions'!N34","v":-1042.9399280140003},null,{"$f":"-'Newco Assumptions'!P34","v":-1126.1889892217002},null,{"$f":"-'Newco Assumptions'!R34","v":-1216.0849460136769}]
[null,"Acquisitions",null,null,null,{"$f":"'Acquirer CF'!F30","v":0},null,{"$f":"'Acquirer CF'!H30","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Sale of Assets",null,null,null,{"$f":"'Acquirer CF'!F31","v":0},null,{"$f":"'Acquirer CF'!H31","v":0},null,0,null,0,null,0,null,0,null,0]
[]
["Cash Flow from Investing Activities",null,null,null,null,{"$f":"SUM(F29:F31)","v":-260.89999999999998},null,{"$f":"SUM(H29:H31)","v":-1083.4000000000001},null,{"$f":"SUM(J29:J31)","v":-894.45256000000006},null,{"$f":"SUM(L29:L31)","v":-965.84618900000021},null,{"$f":"SUM(N29:N31)","v":-1042.9399280140003},null,{"$f":"SUM(P29:P31)","v":-1126.1889892217002},null,{"$f":"SUM(R29:R31)","v":-1216.0849460136769}]
[]
[null,"Net Change in Equity",null,null,null,{"$f":"'Acquirer CF'!F35","v":-1652.0000000000018},null,{"$f":"'Acquirer CF'!H35","v":-554.39999999999964},null,{"$f":"'Newco BS'!P46-'Newco BS'!M46+'Newco BS'!P47-'Newco BS'!M47+'Newco BS'!P49-'Newco BS'!M49+'Newco BS'!P50-'Newco BS'!M50","v":0},null,{"$f":"'Newco BS'!R46-'Newco BS'!P46+'Newco BS'!R47-'Newco BS'!P47+'Newco BS'!R49-'Newco BS'!P49+'Newco BS'!R50-'Newco BS'!P50","v":0},null,{"$f":"'Newco BS'!T46-'Newco BS'!R46+'Newco BS'!T47-'Newco BS'!R47+'Newco BS'!T49-'Newco BS'!R49+'Newco BS'!T50-'Newco BS'!R50","v":0},null,{"$f":"'Newco BS'!V46-'Newco BS'!T46+'Newco BS'!V47-'Newco BS'!T47+'Newco BS'!V49-'Newco BS'!T49+'Newco BS'!V50-'Newco BS'!T50","v":0},null,{"$f":"'Newco BS'!X46-'Newco BS'!V46+'Newco BS'!X47-'Newco BS'!V47+'Newco BS'!X49-'Newco BS'!V49+'Newco BS'!X50-'Newco BS'!V50","v":0}]
[null,"Net Change in Debt",null,null,null,{"$f":"'Acquirer CF'!F36","v":3723.6},null,{"$f":"'Acquirer CF'!H36","v":1276},null,{"$f":"'Newco BS'!P36-'Newco BS'!M36+'Newco BS'!P37-'Newco BS'!M37","v":-1621.2161916666664},null,{"$f":"'Newco BS'!R36-'Newco BS'!P36+'Newco BS'!R37-'Newco BS'!P37","v":-1621.2161916666664},null,{"$f":"'Newco BS'!T36-'Newco BS'!R36+'Newco BS'!T37-'Newco BS'!R37","v":-1621.2161916666664},null,{"$f":"'Newco BS'!V36-'Newco BS'!T36+'Newco BS'!V37-'Newco BS'!T37","v":-1621.2161916666664},null,{"$f":"'Newco BS'!X36-'Newco BS'!V36+'Newco BS'!X37-'Newco BS'!V37","v":-1621.2161916666664}]
[null,"Dividends Paid",null,null,null,{"$f":"'Acquirer CF'!F37","v":0},null,{"$f":"'Acquirer CF'!H37","v":0},null,{"$f":"-'Newco Assumptions'!J47","v":0},null,{"$f":"-'Newco Assumptions'!L47","v":0},null,{"$f":"-'Newco Assumptions'!N47","v":0},null,{"$f":"-'Newco Assumptions'!P47","v":0},null,{"$f":"-'Newco Assumptions'!R47","v":0}]
[]
["Cash Flow from Financing Activities",null,null,null,null,{"$f":"SUM(F35:F37)","v":2071.5999999999981},null,{"$f":"SUM(H35:H37)","v":721.60000000000036},null,{"$f":"SUM(J35:J37)","v":-1621.2161916666664},null,{"$f":"SUM(L35:L37)","v":-1621.2161916666664},null,{"$f":"SUM(N35:N37)","v":-1621.2161916666664},null,{"$f":"SUM(P35:P37)","v":-1621.2161916666664},null,{"$f":"SUM(R35:R37)","v":-1621.2161916666664}]
[]
[null,"Net Change in Cash",null,null,null,{"$f":"F27+F33+F39","v":4964.9999999999982},null,{"$f":"H27+H33+H39","v":-446.90000000000009},null,{"$f":"J27+J33+J39","v":1176.3255712357814},null,{"$f":"L27+L33+L39","v":-291.18713774161597},null,{"$f":"N27+N33+N39","v":66.075005538376217},null,{"$f":"P27+P33+P39","v":351.82009531866174},null,{"$f":"R27+R33+R39","v":627.2918701546464}]
[]
[null,"Beginning Cash Balance",null,null,null,{"$f":"'Acquirer CF'!F43","v":926.5},null,{"$f":"'Acquirer CF'!H43","v":1020.5999999999999},null,{"$f":"'Newco BS'!M9","v":131.59999999999991},null,{"$f":"'Newco BS'!P9","v":1307.9255712357813},null,{"$f":"'Newco BS'!R9","v":1016.7384334941653},null,{"$f":"'Newco BS'!T9","v":1082.8134390325415},null,{"$f":"'Newco BS'!V9","v":1434.6335343512033}]
[]
[null,"Cash Available for Revolving Credit",null,null,null,{"$f":"F41+F43","v":5891.4999999999982},null,{"$f":"H41+H43","v":573.69999999999982},null,{"$f":"J41+J43","v":1307.9255712357813},null,{"$f":"L41+L43","v":1016.7384334941653},null,{"$f":"N41+N43","v":1082.8134390325415},null,{"$f":"P41+P43","v":1434.6335343512033},null,{"$f":"R41+R43","v":2061.9254045058497}]
[]
[]
[]
[null,"Beginning Revolver",null,null,null,null,null,null,null,{"$f":"'Newco BS'!M35","v":0},null,{"$f":"'Newco BS'!P35","v":0},null,{"$f":"'Newco BS'!R35","v":0},null,{"$f":"'Newco BS'!T35","v":0},null,{"$f":"'Newco BS'!V35","v":0}]
[null,"Total Repayment",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<$F$54,J45-$F$54,J49)","v":0},null,{"$f":"IF(L45-L49<$F$54,L45-$F$54,L49)","v":0},null,{"$f":"IF(N45-N49<$F$54,N45-$F$54,N49)","v":0},null,{"$f":"IF(P45-P49<$F$54,P45-$F$54,P49)","v":0},null,{"$f":"IF(R45-R49<$F$54,R45-$F$54,R49)","v":0}]
[null,"Ending Revolving Credit Facility",null,null,null,null,null,null,null,{"$f":"J49-J50","v":0},null,{"$f":"L49-L50","v":0},null,{"$f":"N49-N50","v":0},null,{"$f":"P49-P50","v":0},null,{"$f":"R49-R50","v":0}]
[null,"Ending Cash",null,null,null,null,null,null,null,{"$f":"+IF(J45-J49<0,$F$54,J45-J50)","v":1307.9255712357813},{"$f":"+IF(K45-K49<0,$F$54,K45-K50)","v":0},1016.7384334941653,0,1082.8134390325415,0,1434.6335343512033,0,2061.9254045058497]
[]
[null,"Minimum Cash Balance",null,null,null,0]

{"sheet":"Debt Repayment","index":14,"n_rows":52,"n_cols":20,"rows_kept":52,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco Assumptions'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Debt Repayment Schedule"]
["($ in millions except per share figures)"]
[]
[null,null,null,null,null,"Actual",null,{"$f":"'Newco BS'!P6","v":"Projections"}]
[null,"Principal Payments",null,null,null,{"$f":"'Newco BS'!M7","v":2013},null,{"$f":"F5+1","v":2014},null,{"$f":"H5+1","v":2015},null,{"$f":"J5+1","v":2016},null,{"$f":"L5+1","v":2017},null,{"$f":"N5+1","v":2018}]
[]
[null,{"$f":"'Acquirer Assumptions'!A1","v":"Thermo (Acquirer)"}]
[]
[null,"Revolving Credit Facility",null,null,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,null,null,{"$f":"'Acquirer Assumptions'!H39","v":354.5},null,{"$f":"'Acquirer Assumptions'!J39","v":500},null,{"$f":"'Acquirer Assumptions'!L39","v":500},null,{"$f":"'Acquirer Assumptions'!N39","v":500},null,{"$f":"'Acquirer Assumptions'!P39","v":500},null,{"$f":"'Acquirer Assumptions'!R39","v":500}]
[null,"Subordinated Debt",null,null,null,{"$f":"'Acquirer Assumptions'!H40","v":0},null,{"$f":"'Acquirer Assumptions'!J40","v":0},null,{"$f":"'Acquirer Assumptions'!L40","v":0},null,{"$f":"'Acquirer Assumptions'!N40","v":0},null,{"$f":"'Acquirer Assumptions'!P40","v":0},null,{"$f":"'Acquirer Assumptions'!R40","v":0}]
[]
[null,{"$f":"'Target Assumptions'!A1","v":"Life Technologies (Target)"}]
[]
[null,"Revolving Credit Facility",null,null,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,null,null,{"$f":"'Target Assumptions'!H39","v":450},null,{"$f":"'Target Assumptions'!J39","v":300},null,{"$f":"'Target Assumptions'!L39","v":300},null,{"$f":"'Target Assumptions'!N39","v":300},null,{"$f":"'Target Assumptions'!P39","v":300},null,{"$f":"'Target Assumptions'!R39","v":300}]
[null,"Subordinated Debt",null,null,null,{"$f":"'Target Assumptions'!H40","v":0},null,{"$f":"'Target Assumptions'!J40","v":0},null,{"$f":"'Target Assumptions'!L40","v":0},null,{"$f":"'Target Assumptions'!N40","v":0},null,{"$f":"'Target Assumptions'!P40","v":0},null,{"$f":"'Target Assumptions'!R40","v":0}]
[]
[null,"Acquisition"]
[]
[null,"Revolving Credit Facility",null,null,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,null,null,0,null,{"$f":"Summary!$R$12/Summary!$L$31","v":821.21619166666676},null,{"$f":"Summary!$R$12/Summary!$L$31","v":821.21619166666676},null,{"$f":"Summary!$R$12/Summary!$L$31","v":821.21619166666676},null,{"$f":"Summary!$R$12/Summary!$L$31","v":821.21619166666676},null,{"$f":"Summary!$R$12/Summary!$L$31","v":821.21619166666676}]
[null,"Subordinated Debt",null,null,null,0,null,{"$f":"Summary!$R$13/Summary!$L$33","v":0},null,{"$f":"Summary!$R$13/Summary!$L$33","v":0},null,{"$f":"Summary!$R$13/Summary!$L$33","v":0},null,{"$f":"Summary!$R$13/Summary!$L$33","v":0},null,{"$f":"Summary!$R$13/Summary!$L$33","v":0}]
[]
[null,null,null,null,null,"Actual",null,"Projections"]
[null,"Debt Balance",null,null,null,{"$f":"F5","v":2013},null,{"$f":"F26+1","v":2014},null,{"$f":"H26+1","v":2015},null,{"$f":"J26+1","v":2016},null,{"$f":"L26+1","v":2017},null,{"$f":"N26+1","v":2018}]
[]
[null,{"$f":"B7","v":"Thermo (Acquirer)"},null,"Rate"]
[]
[null,"Revolving Credit Facility",null,{"$f":"'Acquirer Assumptions'!J55","v":0.02},null,{"$f":"'Acquirer BS'!H34","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,{"$f":"'Acquirer Assumptions'!J56","v":0.05},null,{"$f":"'Acquirer BS'!H35","v":7031.2},null,{"$f":"'Acquirer BS'!J35","v":6531.2},null,{"$f":"'Acquirer BS'!L35","v":6031.2},null,{"$f":"'Acquirer BS'!N35","v":5531.2},null,{"$f":"'Acquirer BS'!P35","v":5031.2},null,{"$f":"'Acquirer BS'!R35","v":4531.2}]
[null,"Subordinated Debt",null,{"$f":"'Acquirer Assumptions'!J57","v":0.1},null,{"$f":"'Acquirer BS'!H36","v":0},null,{"$f":"'Acquirer BS'!J36","v":0},null,{"$f":"'Acquirer BS'!L36","v":0},null,{"$f":"'Acquirer BS'!N36","v":0},null,{"$f":"'Acquirer BS'!P36","v":0},null,{"$f":"'Acquirer BS'!R36","v":0}]
[]
[null,"Interest Expense",null,null,null,{"$f":"'Acquirer IS'!H26","v":0},null,{"$f":"$D$31*AVERAGE(F31:H31)+$D$32*AVERAGE(F32:H32)","v":339.06},null,{"$f":"$D$31*AVERAGE(H31:J31)+$D$32*AVERAGE(H32:J32)","v":314.06},null,{"$f":"$D$31*AVERAGE(J31:L31)+$D$32*AVERAGE(J32:L32)","v":289.06},null,{"$f":"$D$31*AVERAGE(L31:N31)+$D$32*AVERAGE(L32:N32)","v":264.06},null,{"$f":"$D$31*AVERAGE(N31:P31)+$D$32*AVERAGE(N32:P32)","v":239.06}]
[]
[null,{"$f":"B13","v":"Life Technologies (Target)"}]
[]
[null,"Revolving Credit Facility",null,{"$f":"'Target Assumptions'!J55","v":0.02},null,{"$f":"'Target BS'!H34","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,{"$f":"'Target Assumptions'!J56","v":0.05},null,{"$f":"'Target BS'!H35","v":2260.9},null,{"$f":"'Target BS'!J35","v":1960.9},null,{"$f":"'Target BS'!L35","v":1660.9},null,{"$f":"'Target BS'!N35","v":1360.9},null,{"$f":"'Target BS'!P35","v":1060.9000000000001},null,{"$f":"'Target BS'!R35","v":760.90000000000009}]
[null,"Subordinated Debt",null,{"$f":"'Target Assumptions'!J57","v":0.1},null,{"$f":"'Target BS'!H36","v":0},null,{"$f":"'Target BS'!J36","v":0},null,{"$f":"'Target BS'!L36","v":0},null,{"$f":"'Target BS'!N36","v":0},null,{"$f":"'Target BS'!P36","v":0},null,{"$f":"'Target BS'!R36","v":0}]
[]
[null,"Interest Expense",null,null,null,{"$f":"'Target IS'!H26","v":123.9},null,{"$f":"$D$39*AVERAGE(F39:H39)+$D$40*AVERAGE(F40:H40)","v":105.54500000000002},null,{"$f":"$D$39*AVERAGE(H39:J39)+$D$40*AVERAGE(H40:J40)","v":90.545000000000016},null,{"$f":"$D$39*AVERAGE(J39:L39)+$D$40*AVERAGE(J40:L40)","v":75.545000000000002},null,{"$f":"$D$39*AVERAGE(L39:N39)+$D$40*AVERAGE(L40:N40)","v":60.545000000000009},null,{"$f":"$D$39*AVERAGE(N39:P39)+$D$40*AVERAGE(N40:P40)","v":45.545000000000009}]
[]
[null,"Combined Firms"]
[]
[null,"Revolving Credit Facility",null,{"$f":"IF(F46=0,D30,Summary!P11)","v":0.02},null,{"$f":"Summary!R11","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!P35-H30-H38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!R35-J30-J38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!T35-L30-L38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!V35-N30-N38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!X35-P30-P38)","v":0},null,null,1," 0 = circ off"]
[null,"Senior Debt",null,{"$f":"Summary!P12","v":4.4999999999999998E-2},null,{"$f":"Summary!R12","v":9854.5943000000007},null,{"$f":"F47-H22","v":9033.3781083333342},null,{"$f":"H47-J22","v":8212.1619166666678},null,{"$f":"J47-L22","v":7390.9457250000014},null,{"$f":"L47-N22","v":6569.729533333335},null,{"$f":"N47-P22","v":5748.5133416666686},null,null,null," 1 = circ on"]
[null,"Subordinated Debt",null,{"$f":"Summary!P13","v":0.1},null,{"$f":"Summary!R13","v":0},null,{"$f":"F48-H23","v":0},null,{"$f":"H48-J23","v":0},null,{"$f":"J48-L23","v":0},null,{"$f":"L48-N23","v":0},null,{"$f":"N48-P23","v":0}]
[]
[null,"Interest Expense",null,null,null,0,null,{"$f":"AVERAGE((F30+F38),H46)*$D46+AVERAGE(F47:H47)*$D47+AVERAGE(F48:H48)*$D48","v":424.9793791875},null,{"$f":"AVERAGE(H46:J46)*$D46+AVERAGE(H47:J47)*$D47+AVERAGE(H48:J48)*$D48","v":388.02465056250003},null,{"$f":"AVERAGE(J46:L46)*$D46+AVERAGE(J47:L47)*$D47+AVERAGE(J48:L48)*$D48","v":351.06992193750006},null,{"$f":"AVERAGE(L46:N46)*$D46+AVERAGE(L47:N47)*$D47+AVERAGE(L48:N48)*$D48","v":314.11519331250008},null,{"$f":"AVERAGE(N46:P46)*$D46+AVERAGE(N47:P47)*$D47+AVERAGE(N48:P48)*$D48","v":277.16046468750005}]
[]
[null,"Total Interest Expense",null,null,null,{"$f":"F34+F42+F50","v":123.9},null,{"$f":"H34+H42+H50","v":869.58437918749996},null,{"$f":"J34+J42+J50","v":792.62965056250005},null,{"$f":"L34+L42+L50","v":715.67492193750013},null,{"$f":"N34+N42+N50","v":638.7201933125001},null,{"$f":"P34+P42+P50","v":561.76546468750007}]

{"sheet":"Options-Convertibles","index":15,"n_rows":27,"n_cols":14,"rows_kept":27,"cut":false,"hidden":false,"merged":[[3,1,3,6],[3,8,3,13],[18,1,18,6],[4,1,4,2],[13,2,13,4],[15,2,15,5],[16,2,16,4]]}
[null,"Target","Options-Convertible Securities Analysis"]
[]
[]
[null,"Target Options Schedule",null,null,null,null,null,null,"Target Convertible Preferred Schedule"]
[null,"     Potential Options:",null,"Strike","In the $?","Include?","Proceeds",null,"Balance","Par Value","CV Ratio","CV Price","Converted?","Shares"]
[null,null,9.0449999999999999,37.46,{"$f":"IF(D6<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"IF(E6=\"Yes\",C6,\"No\")","v":9.0449999999999999},{"$f":"+IF(ISERROR(D6*F6),0,D6*F6)","v":338.82569999999998},null,0,0,0,{"$f":"+IF(ISERROR(J6/K6),0,J6/K6)","v":0},{"$f":"IF(L6<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"+IF(ISERROR(I6/J6*K6),0,I6/J6*K6)","v":0}]
[null,null,0,0,{"$f":"IF(D7<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"IF(E7=\"Yes\",C7,\"No\")","v":0},{"$f":"+IF(ISERROR(D7*F7),0,D7*F7)","v":0},null,0,0,0,{"$f":"+IF(ISERROR(J7/K7),0,J7/K7)","v":0},{"$f":"IF(L7<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"+IF(ISERROR(I7/J7*K7),0,I7/J7*K7)","v":0}]
[null,null,0,0,{"$f":"IF(D8<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,0,0,0,{"$f":"IF(L8<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,0,0,{"$f":"IF(D9<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,0,0,0,{"$f":"IF(L9<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,0,0,{"$f":"IF(D10<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,0,0,0,{"$f":"IF(L10<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,0,0,{"$f":"IF(D11<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,0,0,0,{"$f":"IF(L11<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,{"$f":"SUM(C6:C11)","v":9.0449999999999999},null,null,{"$f":"SUM(F6:F11)","v":9.0449999999999999},{"$f":"SUM(G6:G11)","v":338.82569999999998},null,{"$f":"SUM(I6:I11)","v":0},null,null,null,null,{"$f":"SUM(N6:N11)","v":0}]
[]
[null,null,"Weighted Average Exercise Price",null,null,null,{"$f":"IF(ISERROR(G12/F12),0,G12/F12)","v":37.46}]
[]
[null,null,"Value of Options (Treasury Method)",null,null,null,{"$f":"(Summary!F7-G14)*F12","v":348.59429999999998}]
[null,null,"Treasury Option Shares",null,null,null,{"$f":"IF(G16=0,0,G16/Summary!F7)","v":4.5867671052631573}]
[]
[null,"Target Convertible Debt Schedule"]
[null,"Principal","Par Value","CV Ratio","CV Price","Converted?","Shares"]
[null,0,0,0,{"$f":"+IF(ISERROR(C21/D21),0,C21/D21)","v":0},{"$f":"IF(E21<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"+IF(ISERROR(B21/C21*D21),0,B21/C21*D21)","v":0}]
[null,0,0,0,{"$f":"+IF(ISERROR(C22/D22),0,C22/D22)","v":0},{"$f":"IF(E22<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"+IF(ISERROR(B22/C22*D22),0,B22/C22*D22)","v":0}]
[null,0,0,0,0,{"$f":"IF(E23<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,0,0,0,0,{"$f":"IF(E24<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,0,0,0,0,{"$f":"IF(E25<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,0,0,0,0,{"$f":"IF(E26<Summary!$F$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,{"$f":"SUM(B21:B26)","v":0},null,null,null,null,{"$f":"SUM(G21:G26)","v":0}]

{"sheet":"Valuation","index":16,"n_rows":79,"n_cols":16,"rows_kept":79,"cut":false,"hidden":false,"merged":[[25,9,25,10],[57,1,57,2],[29,1,29,2],[6,9,6,10],[24,9,24,10],[43,9,43,15],[41,9,41,15],[42,9,42,15],[7,1,7,2],[6,1,6,2],[8,1,8,2],[19,1,19,2],[7,9,7,10],[8,9,8,10],[19,9,19,10],[24,1,24,2],[25,1,25,2],[69,1,69,5],[32,1,32,2],[33,1,33,2],[58,1,58,2],[40,1,40,2],[41,1,41,2],[42,1,42,2],[55,9,55,15],[54,9,54,15],[32,9,32,10],[33,9,33,10],[50,9,50,15],[44,9,44,15],[48,9,48,15],[49,9,49,15],[37,9,37,15]]}
[null,"Valuation"]
[]
[null,"Target: Life Technologies",null,2014,{"$f":"D3+1","v":2015},{"$f":"E3+1","v":2016},2017,2018,null,"Acquirer: Thermo Fisher",null,2014,{"$f":"L3+1","v":2015},{"$f":"M3+1","v":2016},2017,2018]
[null,"Free Cash Flow",null,null,null,null,null,null,null,"Free Cash Flow"]
[null,"EBIT",null,{"$f":"'Target IS'!J20","v":373.79904000000056},{"$f":"'Target IS'!L20","v":468.5738352000003},{"$f":"'Target IS'!N20","v":571.22069648640081},{"$f":"'Target IS'!P20","v":682.32285207623136},{"$f":"'Target IS'!R20","v":802.50519293508023},null,"EBIT",null,{"$f":"'Acquirer IS'!J20","v":895.80674399999862},{"$f":"'Acquirer IS'!L20","v":1003.3687135199989},{"$f":"'Acquirer IS'!N20","v":1122.0484607015987},{"$f":"'Acquirer IS'!P20","v":1252.9113051647255},{"$f":"'Acquirer IS'!R20","v":1397.1201049173951}]
[null,"Less: Taxes",null,{"$f":"-'Target IS'!J31","v":-107.30161600000022},{"$f":"-'Target IS'!L31","v":-151.21153408000012},{"$f":"-'Target IS'!N31","v":-198.27027859456032},{"$f":"-'Target IS'!P31","v":-248.71114083049258},{"$f":"-'Target IS'!R31","v":-302.78407717403212},null,"Less: Taxes",null,{"$f":"-'Acquirer IS'!J31","v":-144.75415343999967},{"$f":"-'Acquirer IS'!L31","v":-179.22026551519974},{"$f":"-'Acquirer IS'!N31","v":-216.5769997824157},{"$f":"-'Acquirer IS'!P31","v":-257.10133934282862},{"$f":"-'Acquirer IS'!R31","v":-301.09562727852273}]
[null,"Plus: Deprec. & Amort..",null,{"$f":"'Target IS'!J17+'Target IS'!J18","v":430.06064000000003},{"$f":"'Target IS'!L17+'Target IS'!L18","v":439.16488480000004},{"$f":"'Target IS'!N17+'Target IS'!N18","v":448.90642673600007},{"$f":"'Target IS'!P17+'Target IS'!P18","v":459.32987660752008},{"$f":"'Target IS'!R17+'Target IS'!R18","v":470.4829679700465},null,"Plus: Deprec. & Amort.",null,{"$f":"'Acquirer IS'!J17+'Acquirer IS'!J18","v":1013.3019},{"$f":"'Acquirer IS'!L17+'Acquirer IS'!L18","v":1094.3660520000001},{"$f":"'Acquirer IS'!N17+'Acquirer IS'!N18","v":1181.9153361600002},{"$f":"'Acquirer IS'!P17+'Acquirer IS'!P18","v":1276.4685630528002},{"$f":"'Acquirer IS'!R17+'Acquirer IS'!R18","v":1378.5860480970243}]
[null,"Less: Gross Capex",null,{"$f":"-'Target CF'!J29","v":16.257580000000001},{"$f":"-'Target CF'!L29","v":17.395610600000005},{"$f":"-'Target CF'!N29","v":18.613303342000005},{"$f":"-'Target CF'!P29","v":19.91623457594001},{"$f":"-'Target CF'!R29","v":21.310370996255809},null,"Less: Gross Capex",null,{"$f":"-'Acquirer CF'!J33","v":878.1949800000001},{"$f":"-'Acquirer CF'!L29","v":948.45057840000015},{"$f":"-'Acquirer CF'!N33","v":1024.3266246720002},{"$f":"-'Acquirer CF'!P29","v":1106.2727546457602},{"$f":"-'Acquirer CF'!R33","v":1194.7745750174211}]
[null,"Less: ∆ NWC",null,{"$f":"'Target CF'!J17+'Target CF'!J18+'Target CF'!J20+'Target CF'!J23+'Target CF'!J25","v":43.595455671232742},{"$f":"'Target CF'!L17+'Target CF'!L18+'Target CF'!L20+'Target CF'!L23+'Target CF'!L25","v":-60.942318103013775},{"$f":"'Target CF'!N17+'Target CF'!N18+'Target CF'!N20+'Target CF'!N23+'Target CF'!N25","v":-65.208280370224799},{"$f":"'Target CF'!P17+'Target CF'!P18+'Target CF'!P20+'Target CF'!P23+'Target CF'!P25","v":-69.772859996140568},{"$f":"'Target CF'!R17+'Target CF'!R18+'Target CF'!R20+'Target CF'!R23+'Target CF'!R25","v":-74.656960195870255},null,"Less:  ∆ NWC",null,{"$f":"'Acquirer CF'!J17+'Acquirer CF'!J18+'Acquirer CF'!J20+'Acquirer CF'!J23+'Acquirer CF'!J24+'Acquirer CF'!J25","v":141.61282805479425},{"$f":"'Acquirer CF'!L17+'Acquirer CF'!L18+'Acquirer CF'!L20+'Acquirer CF'!L23+'Acquirer CF'!L24+'Acquirer CF'!L25","v":-3.7389737556165983},{"$f":"'Acquirer CF'!N17+'Acquirer CF'!N18+'Acquirer CF'!N20+'Acquirer CF'!N23+'Acquirer CF'!N24+'Acquirer CF'!N2","v":-20.862091656065331},{"$f":"'Acquirer CF'!P17+'Acquirer CF'!P18+'Acquirer CF'!P20+'Acquirer CF'!P23+'Acquirer CF'!P24+'Acquirer CF'!P25","v":-39.35505898855115},{"$f":"'Acquirer CF'!R17+'Acquirer CF'!R18+'Acquirer CF'!R20+'Acquirer CF'!R23+'Acquirer CF'!R24+'Acquirer CF'!R25","v":-59.327463707635161}]
[null,"Equals: Free Cash Flow",null,{"$f":"SUM(D5:D9)","v":756.41109967123316},{"$f":"SUM(E5:E9)","v":712.98047841698644},775.26186759961581,843.08496243305831,916.85749453148014,null,"Equals: Free Cash Flow",null,{"$f":"SUM(L5:L9)","v":2784.1622986147931},{"$f":"SUM(M5:M9)","v":2863.2261046491831},3090.8513300951186,3339.196224531906,3610.0576370456824]
[null,"Period",null,1,1,1,1,1,null,"Period",null,1,1,1,1,1]
[null,"Mid-Year Convention",null,{"$f":"D11/2","v":0.5},{"$f":"D11+E11/2","v":1.5},{"$f":"F11/2+SUM(D11:E11)","v":2.5},{"$f":"G11/2+SUM(D11:F11)","v":3.5},{"$f":"H11/2+SUM(D11:G11)","v":4.5},null,"Mid-Year Convention",null,{"$f":"L11/2","v":0.5},{"$f":"L11+M11/2","v":1.5},{"$f":"N11/2+SUM(L11:M11)","v":2.5},{"$f":"O11/2+SUM(L11:N11)","v":3.5},{"$f":"P11/2+SUM(L11:O11)","v":4.5}]
[null,"Discount Factor",null,{"$f":"1/(1+D24)^D12","v":0.96307394084001363},{"$f":"1/(1+D24)^E12","v":0.89326207412387115},{"$f":"1/(1+D24)^F12","v":0.82851077080553104},{"$f":"1/(1+D24)^G12","v":0.76845319780764143},{"$f":"1/(1+D24)^H12","v":0.71274911326336599},null,"Discount Factor",null,{"$f":"1/(1+L24)^L11","v":0.92564023449552602},{"$f":"1/(1+L24)^M12","v":0.89056030938741948},{"$f":"1/(1+L24)^N12","v":0.82433845361377911},{"$f":"1/(1+L24)^O12","v":0.76304083950673796},{"$f":"1/(1+L24)^P12","v":0.70630130161067994}]
[null,"PV FCFF",null,{"$f":"D10*D13","v":728.47981865550287},{"$f":"E10*E13","v":636.87842096058728},642.31280750109329,647.87133540521893,653.48936621618395,null,"PV FCFF",null,{"$f":"L10*L13","v":2577.1326429634},{"$f":"M10*M13","v":2549.8755256025124},{"$f":"N10*N13","v":2547.9076058007022},{"$f":"O10*O13","v":2547.9430904445553},{"$f":"P10*P13","v":2549.788407934941}]
[]
[null,"PV (Years 1- 5)",null,{"$f":"SUM(D14:H14)","v":3309.031748738586},null,null,null,null,null,"PV (Years 1- 5)",null,{"$f":"SUM(L14:P14)","v":12772.64727274611}]
[null,"PV (Terminal Value)",null,{"$f":"+IF(ISERROR(D33*(1+D34)/(D35-D34)*H13),0,D33*(1+D34)/(D35-D34)*H13)","v":12134.001971051464},null,null,null,null,null,"PV (Terminal Value)",null,{"$f":"+IF(ISERROR(L33*(1+L34)/(L35-L34)*P13),0,L33*(1+L34)/(L35-L34)*P13)","v":40933.767674341485}]
[null,"   Enterprise Value",null,{"$f":"SUM(D16:D17)","v":15443.03371979005},null,null,null,null,null,"   Enterprise Value",null,{"$f":"SUM(L16:L17)","v":53706.414947087593}]
[null,"Plus Cash",null,{"$f":"'Target BS'!H9","v":276.3},null,null,null,null,null,"Plus Cash",null,{"$f":"'Acquirer BS'!H9","v":855.3}]
[null,"Less Debt & Min. Int.",null,{"$f":"'Target BS'!H38+'Target BS'!H50","v":2261.7000000000003},null,null,null,null,null,"Less Debt & Min. Int.",null,{"$f":"'Acquirer BS'!H50+'Acquirer BS'!H41","v":808.2}]
[null,"   Equity Value",null,{"$f":"D18+D19-D20","v":13457.633719790048},null,null,null,null,null,"   Equity Value",null,{"$f":"L18+L19-L20","v":53753.514947087599}]
[null,"   Equity Value Per Share",null,{"$f":"+IF(ISERROR(D21/Summary!F8),0,D21/Summary!F8)","v":77.121110142063316},null,null,null,null,null,"   Equity Value Per Share",null,{"$f":"+IF(ISERROR(L21/Summary!P25),0,L21/Summary!P25)","v":150.10755360817535}]
[null,"Assumptions:",null,null,null,null,null,null,null,"Assumptions:"]
[null,"WACC ",null,{"$f":"'Target Assumptions'!J58*(1-0.4)*D26+D28*(1-D26)","v":7.8153846153846157E-2},null,null,null,null,null,"WACC ",null,{"$f":"'Acquirer Assumptions'!J58*(1-0.4)*L26+L28*(1-L26)","v":8.033333333333334E-2}]
[null,"   Target D/E* ",null,0.3,null,null,null,null,null,"   Target D/E*",null,0.2]
[null,"   Target D/TC*  ",null,{"$f":"D25/(1+D25)","v":0.23076923076923075},null,null,null,null,null,"   Target D/TC*",null,{"$f":"L25/(1+L25)","v":0.16666666666666669}]
[null,"   Marginal Tax Rate",null,0.4,null,null,null,null,null,"   Marginal Tax Rate",null,0.4]
[null,"   ke",null,{"$f":"D29+D31*D30","v":9.2600000000000002E-2},null,null,null,null,null,"   ke ",null,{"$f":"L29+L31*L30","v":9.0400000000000008E-2}]
[null,"      Rf ",null,0.02,null,null,null,null,null,"      Rf",null,0.02]
[null,"      Rf - Rm ",null,5.5E-2,null,null,null,null,null,"      Rf - Rm",null,5.5E-2]
[null,"      Beta  ",null,1.32,null,null,null,null,null,"      Beta",null,1.28]
[null,"Terminal Value",null,null,null,null,null,null,null,"Terminal Value"]
[null,"FCF 2020 ",null,{"$f":"H5-H5*0.4+SUM(H7:H9)","v":898.63949453148018},null,null,null,null,null,"FCF 2020 ",null,{"$f":"P5-P5*0.4+SUM(P7:P9)","v":3352.3052223572472}]
[null,"Terminal Growth Rate",null,2.3E-2,null,null,null,null,null,"Terminal Growth Rate",null,0.02]
[null,"Terminal Period WACC",null,7.6999999999999999E-2,null,null,null,null,null,"Terminal Period WACC",null,7.9000000000000001E-2]
[]
[null,"Newco: Thermo Fisher",null,2014,{"$f":"D37+1","v":2015},{"$f":"E37+1","v":2016},2017,2018,null,"Definitions"]
[null,"Free Cash Flow",null,null,null,null,null,null,null,"WACC = (D/(D+E))*[(1-T)*[Cost of Debt]]+(E/(D+E))*ke"]
[null,"EBIT",null,{"$f":"'Newco IS'!M21","v":1246.5762768481973},{"$f":"'Newco IS'!P21","v":1589.590370844855},{"$f":"'Newco IS'!R21","v":1942.871428234349},{"$f":"'Newco IS'!T21","v":2184.8114928894174},{"$f":"'Newco IS'!V21","v":2449.1791533618289},null,"D = Debt"]
[null,"Less: Taxes",null,{"$f":"IF(ISERROR(-'Newco IS'!M32),0,-'Newco IS'!M32)","v":-45.821458991781981},{"$f":"IF(ISERROR(-'Newco IS'!N32),0,-'Newco IS'!N32)","v":0},{"$f":"IF(ISERROR(-'Newco IS'!O32),0,-'Newco IS'!O32)","v":0},{"$f":"IF(ISERROR(-'Newco IS'!P32),0,-'Newco IS'!P32)","v":-207.2097872734123},{"$f":"IF(ISERROR(-'Newco IS'!Q32),0,-'Newco IS'!Q32)","v":0},null,"E = Equity"]
[null,"Plus: Deprec. & Amort.",null,{"$f":"'Newco IS'!M18+'Newco IS'!M19","v":1453.2425400000002},{"$f":"'Newco IS'!P18+'Newco IS'!R19","v":1543.4109367999999},{"$f":"'Newco IS'!R18+'Newco IS'!R19","v":1640.7017628960002},{"$f":"'Newco IS'!T18+'Newco IS'!T19","v":1745.6784396603202},{"$f":"'Newco IS'!V18+'Newco IS'!V19","v":1858.9490160670707},null,"T = Corporate marginal tax rate"]
[null,"Less: Gross Capex",null,{"$f":"-'Newco CF'!J29","v":894.45256000000006},{"$f":"-'Newco CF'!L29","v":965.84618900000021},{"$f":"-'Newco CF'!N29","v":1042.9399280140003},{"$f":"-'Newco CF'!P29","v":1126.1889892217002},{"$f":"-'Newco CF'!R29","v":1216.0849460136769},null,"ke = Cost of Equity (Estimated using the Capital Asset Pricing Model)"]
[null,"Less: ∆ NWC",null,{"$f":"'Newco CF'!J17+'Newco CF'!J18+'Newco CF'!J19+'Newco CF'!J20+'Newco CF'!J21+'Newco CF'!J22+'Newco CF'!J23+'Newco CF'!J24+'Newco CF'!J25","v":2302.7813442335323},{"$f":"'Newco CF'!L17+'Newco CF'!L18+'Newco CF'!L19+'Newco CF'!L20+'Newco CF'!L21+'Newco CF'!L22+'Newco CF'!L23+'Newco CF'!L24+'Newco CF'!L25","v":162.71337311610773},{"$f":"'Newco CF'!N17+'Newco CF'!N18+'Newco CF'!N19+'Newco CF'!N20+'Newco CF'!N21+'Newco CF'!N22+'Newco CF'!N23+'Newco CF'!N24+'Newco CF'!N25","v":181.4039476633742},{"$f":"'Newco CF'!P17+'Newco CF'!P18+'Newco CF'!P19+'Newco CF'!P20+'Newco CF'!P21+'Newco CF'!P22+'Newco CF'!P23+'Newco CF'!P24+'Newco CF'!P25","v":209.43927485978952},{"$f":"'Newco CF'!R17+'Newco CF'!R18+'Newco CF'!R19+'Newco CF'!R20+'Newco CF'!R21+'Newco CF'!R22+'Newco CF'!R23+'Newco CF'!R24+'Newco CF'!R25","v":208.95786214891609},null,"NWC = Net working capital excluding cash & marketable securities"]
[null,"Equals: Free Cash Flow",null,{"$f":"SUM(D39:D43)","v":5851.2312620899484},{"$f":"SUM(E39:E43)","v":4261.5608697609623},4807.917066807724,5058.9084093578149,5733.1709775914924,null,"Discount factor uses mid-year convention in which cash flows occur evenly"]
[null,"Period",null,1,1,1,1,1,null,"     throughout the year."]
[null,"Mid-Year Convention",null,{"$f":"D45/2","v":0.5},{"$f":"D45+E45/2","v":1.5},{"$f":"SUM(D45:E45)+F45/2","v":2.5},{"$f":"SUM(D45:F45)+G45/2","v":3.5},{"$f":"SUM(D45:G45)+H45/2","v":4.5},null,"Rf = Risk free rate approximated by the 10-year U.S. treasury bond rate."]
[null,"Discount Factor",null,{"$f":"1/(1+D57)^D46","v":0.96840057720114769},{"$f":"1/(1+D57)^E46","v":0.90816574940018324},{"$f":"1/(1+D57)^F46","v":0.85167754728866041},{"$f":"1/(1+D57)^G46","v":0.79870292954199584},{"$f":"1/(1+D57)^H46","v":0.74902335008105225},null,"Rm = Return on a broad based stock index"]
[null,"PV FCFF",null,{"$f":"D44*D47","v":5666.3357315453059},{"$f":"E44*E47","v":3870.2036209009611},4094.7950150260926,4040.564966838725,4294.278932223041,null,"Rf - Rm = Average historical equity risk premium"]
[null,null,null,null,null,null,null,null,null,"Period reflects months of actual data available for first forecast year, i.e., "]
[null,"PV (Years 1- 5)",null,{"$f":"SUM(D48:H48)","v":21966.178266534127},null,null,null,null,null,"     if have 9 months actual data, period 1 equals .25, if have one half"]
[null,"PV (Terminal Value)",null,{"$f":"+IF(ISERROR(D66*(1+D67)/(D68-D67)*H47),0,D66*(1+D67)/(D68-D67)*H47)","v":77270.034513029852},null,null,null,null,null,"     year of data, period 1 is .5; if 3 months available, period 1 equals.75"]
[null,"   Enterprise Value",null,{"$f":"SUM(D50:D51)","v":99236.212779563983},null,null,null,null,null,"FCF2020 is recalculated to reflect the maximum marginal tax rate rather than the "]
[null,"Plus Cash",null,{"$f":"'Newco BS'!M9","v":131.59999999999991},null,null,null,null,null,"     effective tax rate."]
[null,"Less Debt & Minority Interest","& Min. Int.",{"$f":"'Newco BS'!M39+'Newco BS'!M51","v":19146.694300000003},null,null,null,null,null,"Target D/E* represents the future debt to equity ratio desired by the firm."]
[null,"   Equity Value",null,{"$f":"D52+D53-D54","v":80221.118479563986},null,null,null,null,null,"Target D/TC* represents the implied future debt to total capital ratio desired "]
[null,"   Equity Value Per Share",null,{"$f":"+IF(ISERROR(D55/Summary!J18),0,D55/Summary!J18)","v":207.48971102958689},null,null,null,null,null,"     by the firm."]
[null,"WACC =",null,{"$f":"'Newco Assumptions'!J58*(1-0.4)*D59+D61*(1-D59)","v":6.6325808742234357E-2}]
[null,"   Target D/E* ",null,0.2]
[null,"   Target D/TC*",null,{"$f":"D58/(1+D58)","v":0.16666666666666669}]
[null,"   Marginal Tax Rate",null,0.4]
[null,"   ke",null,{"$f":"D62+D64*D63","v":7.3899999999999993E-2}]
[null,"     Rf",null,0.02]
[null,"     Rf - Rm",null,5.5E-2]
[null,"     Beta",null,0.98]
[null,"Terminal Value"]
[null,"FCF 2020",null,{"$f":"H39-H39*0.4+SUM(H41:H43)","v":4753.4993162467608}]
[null,"Terminal Growth Rate",null,0.02]
[null,"Terminal Period WACC",null,6.7000000000000004E-2]
[]
[null,"Newco Internal Rate of Return on Acquisition"]
[]
[null,"Purchase Price (including Trasaction Expenses)",null,null,null,2012,{"$f":"-Summary!R18","v":-14104.594300000001}]
[null,"Free Cash Flows",null,null,null,2013,{"$f":"D44","v":5851.2312620899484}]
[null,null,null,null,null,2014,{"$f":"E44","v":4261.5608697609623}]
[null,null,null,null,null,2015,{"$f":"F44","v":4807.917066807724}]
[null,null,null,null,null,2016,{"$f":"G44","v":5058.9084093578149}]
[null,null,null,null,null,2017,{"$f":"H44","v":5733.1709775914924}]
[null,"Terminal Value",null,null,null,null,{"$f":"D51","v":77270.034513029852}]
[null,"IRR ",null,null,null,null,{"$f":"IRR(G72:G78)","v":0.54476048529352217}]