Note 22 - Discontinued Operations (Tables) - Flexographic Packaging Segment [Member]

3 Months Ended

Mar. 31, 2019

Discontinued Operations for Flexographic Packaging Segment

The results of operations of the Business are presented below:

	Three Months Ended
	March 31,
(in millions)	2019			2018
Revenues	$	39		$	37
Cost of revenues		26			22
Selling, general and administrative expenses		8			4
Research and development costs		2			2
Interest expense		7			7
Income (loss) from continuing operations before taxes		(4	)		2
Provision for income taxes		2			2
Income (loss) from continuing operations	$	(6	)	$	—

Discontinued Operations Carrying Amount of Major Assets and Liabilities

The following table presents the aggregate carrying amount of major assets and liabilities of the Business:

	March 31,		December 31,
(in millions)	2019		2018
ASSETS
Cash and cash equivalents	$	1	$	2
Trade receivables, net		31		28
Inventories, net		29		33
Property, plant and equipment, net		29		28
Goodwill		20		20
Intangible assets		1		1
Operating lease right of use assets		2		—
Other assets		3		1
Assets of business held for sale	$	116	$	113
LIABILITIES
Accounts payable, trade	$	12	$	9
Pension and other postretirement liabilities		5		4
Operating leases		2		—
Other current liabilities		6		7
Liabilities of business held for sale	$	25	$	20

Discontinued Operations for Selected Cash Flow Statement Information

The following table presents cash flow information associated with the Business:

	March 31,
(in millions)	2019		2018
Depreciation	$	—	$	1
Amortization		—		—
Capital expenditures		—		2