Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations [Abstract]

Schedule Of Operating Results Of Discontinued Operations

	Three Months Ended March 31,
(In millions)	2020		2019
Revenue	$	65	$	63
Cost of services rendered and products sold		29		25
Selling and administrative expenses		13		13
Amortization expense		1		1
Restructuring and other charges(1)		4		1
Income before income taxes		17		22
Provision for income taxes		5		6
Net earnings from discontinued operations	$	13	$	16

___________________________________

(1)Includes $4 million of professional fees and other costs incurred in connection with the strategic evaluation.

 

Schedule Of Assets And Liabilities Of Discontinued Operations

	As of		As of
(In millions)	March 31, 2020		December 31, 2019
Assets:
Current Assets:
Receivables, less allowances of $3 and $3, respectively	$	43	$	40
Inventories		2		2
Prepaid expenses and other assets		4		3
Total Current Assets		49		45
Other Assets:
Property and equipment, net		8		8
Operating lease right-of-use assets		2		2
Goodwill		178		183
Intangible assets, primarily trade names, service marks and trademarks, net		626		622
Notes receivable		12		13
Deferred customer acquisition costs		1		1
Other assets		1		1
Total Assets	$	877	$	875
Liabilities and Stockholders' Equity:
Current Liabilities:
Accounts payable	$	8	$	8
Accrued liabilities:
Payroll and related expenses		2		5
Other		24		23
Deferred revenue		3		4
Current portion of lease liability		1		1
Total Current Liabilities		38		40
Other Long-Term Liabilities:
Deferred taxes		2		1
Other long-term obligations, primarily self-insured claims		6		6
Long-term lease liability		2		2
Total Liabilities	$	48	$	50

Schedule Of Cash Flows Of Discontinued Operations

	Three Months Ended March 31,
(In millions)	2020		2019
Depreciation	$	—	$	1
Amortization		1		1
Capital expenditures		(1)		(1)