Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations [Abstract]

Schedule Of Operating Results Of Discontinued Operations

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2020		2019		2020		2019
Revenue	$	71	$	63	$	198	$	191
Cost of services rendered and products sold		32		27		93		79
Selling and administrative expenses		11		12		34		38
Amortization expense		—		1		1		3
Restructuring and other charges(1)		9		1		18		3
Interest and net investment income		—		—		—		(1)
Income before income taxes		18		22		53		69
Provision for income taxes		4		5		13		18
Net earnings from discontinued operations	$	14	$	17	$	40	$	51
Weighted-average common shares outstanding - Basic		132.0		135.8		132.9		135.9
Weighted-average common shares outstanding - Diluted		132.0		136.5		133.1		136.5
Basic Earnings Per Share:
Net earnings from discontinued operations	$	0.11	$	0.13	$	0.30	$	0.38
Diluted Earnings Per Share:
Net earnings from discontinued operations	$	0.11	$	0.13	$	0.30	$	0.38

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(1)Includes $9 million and $18 million of professional fees and other costs incurred in connection with the strategic evaluation and ultimate sale in the three and nine months ended September 30, 2020, respectively.

Schedule Of Assets And Liabilities Of Discontinued Operations

	As of		As of
(In millions)	September 30, 2020		December 31, 2019
Assets:
Current Assets:
Receivables, less allowances of $5 and $3, respectively	$	47	$	40
Inventories		6		2
Prepaid expenses and other assets		3		3
Total Current Assets		56		45
Other Assets:
Property and equipment, net		12		8
Operating lease right-of-use assets		2		2
Goodwill		180		183
Intangible assets, primarily trade names, service marks and trademarks, net		626		622
Notes receivable		11		13
Deferred customer acquisition costs		1		1
Other assets		4		5
Total Assets	$	892	$	879
Liabilities and Stockholders' Equity:
Current Liabilities:
Accounts payable	$	11	$	8
Accrued liabilities:
Payroll and related expenses		4		5
Other		30		23
Deferred revenue		4		4
Current portion of lease liability		1		1
Current portion of long-term debt		2		1
Total Current Liabilities		51		42
Long-Term Debt		1		2
Other Long-Term Liabilities:
Deferred taxes		2		1
Other long-term obligations		6		6
Long-term lease liability		1		2
Total Liabilities	$	62	$	52

Schedule Of Cash Flows Of Discontinued Operations

	Three Months Ended September 30,
(In millions)	2020		2019
Depreciation	$	—	$	1
Amortization		—		1
Capital expenditures		(1)		(1)