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Discontinued Operations
 3 Months Ended
Mar. 31, 2014
Notes to Condensed Consolidated Financial Statements [Abstract]  
Discontinued Operations
Discontinued Operations
In 2012, the UTC Board of Directors approved plans for the divestiture of a number of non-core businesses, which were completed with the sale of Pratt & Whitney Rocketdyne (Rocketdyne) on June 14, 2013. Cash generated from these divestitures was used to repay debt incurred to finance the acquisition of Goodrich Corporation (Goodrich) in 2012.
On February 12, 2013, we completed the disposition of UTC Power to ClearEdge Power. The disposition resulted in payments by UTC totaling $48 million, which included capitalization of the business prior to the sale and interim funding of operations as the buyer took control of a loss-generating business. We have no continuing involvement with the UTC Power business post disposition.
The following summarized financial information for our discontinued operations businesses was segregated from continuing operations and reported as Discontinued Operations in 2013. There was no discontinued operations activity in the quarter ended March 31, 2014.
(Dollars in millions)
Quarter Ended March 31, 2013
Discontinued Operations:
 
Net sales
$
161

Income from operations
$
20

Income tax expense
(7
)
Income from operations, net of income taxes
13

Loss on disposal
(15
)
Income tax expense
(2
)
Net loss on discontinued operations
$
(4
)