Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations [Abstract]

Schedule of operating results of discontinued operations

	Year Ended December 31,
(In millions)	2013			2012			2011
Revenue	$	896		$	979		$	1,177
(Loss) income before income taxes(1)(2)		(716	)		(803	)		92
(Benefit) provision for income taxes(1)(2)		(167	)		(107	)		37
(Loss) income, net of income taxes(1)(2)		(549	)		(696	)		55
Gain (loss) on sale, net of income taxes		—			—			(2	)
(Loss) income from discontinued operations, net of income taxes(1)(2)	$	(549	)	$	(696	)	$	53

(1)

During 2013, 2012 and 2011, the Company recorded pre-tax non-cash impairment charges of $673 million ($521 million, net of tax), $909 million ($764 million, net of tax) and $37 million ($22 million, net of tax), respectively, associated with the goodwill and trade name at its TruGreen Business, which is reported in (loss) income from discontinued operations, net of income taxes.

(2)

As a result of the decision to sell TruGreen LandCare, a $34 million impairment charge ($21 million, net of tax) was recorded in loss from discontinued operations, net of income taxes, in the first quarter of 2011 to reduce the carrying value of TruGreen LandCare's assets to their estimated fair value less cost to sell in accordance with applicable accounting standards. Upon completion of the sale in 2011, a $6 million loss on sale ($2 million, net of tax) was recorded.

        Assets and liabilities of discontinued operations are summarized below:

	As of December 31,
(In millions)	2013		2012
Assets:
Receivables, net	$	28	$	29
Inventories and other current assets		48		42
Total Current Assets		76		71
Property and equipment, net		181		182
Goodwill and intangible assets, net		355		1,032
Other long-term assets		6		4
Total Assets	$	618	$	1,289
Liabilities:
Current liabilities	$	139	$	101
Long-term debt and other long-term liabilities		162		290
Total Liabilities	$	301	$	391