11.HELD FOR SALE

During the third quarter of 2017, the Company announced that as a result of a review of its assets, the Company has decided to explore strategic alternatives, including a potential sale, of its convenience store business.

At November 4, 2017, certain assets and liabilities, primarily those related to the Company’s convenience store business, were classified as held for sale in the Consolidated Balance Sheet. The Company expects to complete the sale of these disposal groups within the next year. The businesses classified as held for sale will not be reported as discontinued operations as the dispositions do not represent a strategic shift that will have a major effect on the Company’s operations and financial results.

The following table presents information related to the major classes of assets and liabilities that were classified as assets and liabilities held for sale in the Consolidated Balance Sheet as of November 4, 2017:


	November 4,
(In millions)	2017
Assets held for sale:
Cash and temporary cash investments	$	1
Store deposits in-transit		16
Receivables		55
FIFO inventory		96
LIFO reserve		(34)
Prepaid and other current assets		17
Property, plant and equipment, net		428
Intangibles, net		9
Goodwill		14
Other assets		2
Total assets held for sale	$	604

Liabilities held for sale:
Trade accounts payable	$	130
Accrued salaries and wages		10
Other current liabilities		101
Other long-term liabilities		18
Total liabilities held for sale	$	259