Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Summarized Activity, Assets, and Liabilities Of Discontinued Operations

The following table displays summarized activity in the Company’s consolidated statements of operations for discontinued operations during the years ended December 31, 2013, 2012, and 2011.



Years ended December 31	2013		2012		2011
Net sales	$	2,469	$	2,429	$	3,812
Operating earnings	268		347		460
Gains on sales of investments and businesses, net	3		7		474
Earnings before income taxes	266		341		925
Income tax expense	100		130		349
Earnings from discontinued operations, net of tax	166		211		576

The following table displays a summary of the assets and liabilities held for sale as of December 31, 2013 and 2012:



	2013		2012
Assets
Accounts receivable, net	$	551	$	523
Deferred income taxes	219		234
Inventories, net	175		174
Other current assets	134		136
Property, plant and equipment, net	115		108
Investments	19		16
Goodwill	1,149		1,149
Other assets	95		134
	$	2,457	$	2,474
Liabilities
Accounts payable	$	231	$	180
Accrued liabilities	639		639
Other liabilities	171		174
	$	1,041	$	993

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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