Discontinued operations (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued operations

Schedule of results of discontinued operations and financial information of the discontinued operation that are included in the Unaudited Condensed Consolidated Statements of Operations and Unaudited Consolidated Balance Sheets

Income from discontinued operations, net of tax for MDA in the Unaudited Condensed Consolidated Statements of Operations consists of the following:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020 1		2019		2020 1		2019
Revenues:
Product	$	5	$	57	$	44	$	110
Service		6		40		42		83
Total revenues		11		97		86		193
Costs and expenses:
Product costs, excluding depreciation and amortization		4		39		38		80
Service costs, excluding depreciation and amortization		3		21		24		45
Selling, general and administrative		—		13		13		31
Depreciation and amortization		—		3		4		6
Impairment loss		—		12		12		12
Operating income (loss)		4		9		(5)		19
Interest expense, net		—		—		1		—
Other expense (income), net 2		2		(1)		(34)		—
Income before taxes		2		10		28		19
Income tax expense (benefit)		—		1		(4)		(1)
Income from operations of discontinued operations, net of tax		2		9		32		20
Gain on disposal of discontinued operations, net of tax		304		—		304		—
Income from discontinued operations, net of tax	$	306	$	9	$	336	$	20

¹ For the three and six months ended June 30, 2020, MDA results are presented through April 7, 2020.

² Other (income) expense, net includes the $39 million recovery of the previously recorded liability in relation to the Company’s dispute with the Ukrainian Customer for the six months ended June 30, 2020.

The carrying amounts of the major classes of assets and liabilities, which are classified as held for sale in the Unaudited Condensed Consolidated Balance Sheet as of December 31, 2019, are as follows:

	December 31,
	2019
Assets
Cash and cash equivalents	$	45
Trade and other receivables, net		168
Deferred tax assets		117
Property, plant and equipment		29
Intangible assets		27
Goodwill		310
Other assets 1		55
Current assets held for sale	$	751
Liabilities
Accounts payable	$	88
Accrued liabilities		18
Accrued compensation and benefits		21
Contract liabilities		29
Pension and other postretirement benefit liabilities		21
Other liabilities 2		53
Current liabilities held for sale	$	230

¹ Other assets include income tax receivables, operating lease assets, prepaid and other current assets.

² Other liabilities include operating and finance lease liabilities, current income taxes payable and other current liabilities.