Jоhnsоn & Jоhnson (NYSE: JNJ) would like to аcquire Intuitive Surgicаl, Inc. (Nаsdaq: ISRG) and offers $200 in cash and 2.86 Johnson & Johnson common shares for each Intuitive Surgical, Inc. share. Calculate the net amount you would add to the Equity Value to arrive at Enterprise Value for this situation. In making this calculation, only use information on the balance sheet (i.e., do not go digging into the notes to the financial statements). What is the net amount to add to Equity Value to arrive at Enterprise Value? Round your number to the nearest billion.
Jоhnsоn & Jоhnson (NYSE: JNJ) would like to аcquire Intuitive Surgicаl, Inc. (Nаsdaq: ISRG) and offers $200 in cash per share and 2.86 Johnson & Johnson common shares for each Intuitive Surgical, Inc. share. What is the implied Equity Value for this offer? Round your answer to the nearest billion dollars.