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Complete consolidation entires Consolidation Eliminating Entries (see related P2.14) In July...

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Accounting

Complete consolidation entires
Consolidation Eliminating Entries (see related P2.14) In July 2019, IBM Corporation acquired all of the outstanding stock of Red Hat Software, a provider of open-source and cloud technologies. Cash paid for outstanding Red Hat stock totaled $34,801 million. In addition, stock-based compensation awards attributable to pre-combination services had a fair value of $174 million, and stock issued to holders of vested performance share units were valued at $105 million. Acquisition-related legal and advisory fees of $189 million were paid in cash. Compensation related to employee retention plans for the period following the acquisition, paid in cash in 2019, totaled $230 million. An estimated $185 million associated with these retention plans remains to be paid in future years. Red Hat's balance sheet at the date of acquisition, plus fair value information, are as follows (in millions):
\table[[,Book Value,Fair Value],[Current assets,$3,289,$3,186

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