Discontinued operations (Tables)

12 Months Ended

Dec. 31, 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 (loss) from discontinued operations, net of tax for the MDA Business in the Consolidated Statements of Operations consists of the following:

	Year Ended
	December 31,
	2020 1		2019			2018
Revenues:
Product	$	44	$	206	$	238
Service		42		161		182
Total revenues	$	86	$	367	$	420
Costs and expenses:
Product costs, excluding depreciation and amortization	$	38	$	149	$	149
Service costs, excluding depreciation and amortization		24		84		114
Selling, general and administrative		13		88		59
Depreciation and amortization		4		11		10
Impairment loss		12		12		477
Operating (loss) income		(5)		23		(389)
Interest expense, net		1		1		1
Other (income) expense, net 2		(34)		3		—
Income (loss) before taxes		28		19		(390)
Income tax benefit		(4)		(7)		(13)
Income (loss) from operations of discontinued operations, net of tax		32		26		(377)
Gain on disposal of discontinued operations, net of tax		317		—		—
Income (loss) from discontinued operations, net of tax	$	349	$	26	$	(377)

¹For the year ended December 31, 2020, MDA Business 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 year ended December 31, 2020.

The carrying amounts of the major classes of assets and liabilities, which are classified as held for sale in the Consolidated Balance Sheet, 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

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

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