Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014, 2013, and 2012.



Years ended December 31	2014		2013		2012
Net sales	$	1,904	$	2,469	$	2,429
Operating earnings	203		268		347
Gains on sales of investments and businesses, net	1,888		3		7
Earnings before income taxes	2,074		266		341
Income tax expense	78		100		130
Earnings from discontinued operations, net of tax	1,996		166		211

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



	2013
Assets
Accounts receivable, net	$	551
Deferred income taxes	219
Inventories, net	175
Other current assets	134
Property, plant and equipment, net	201
Investments	19
Goodwill	1,149
Other assets	94
	$	2,542
Liabilities
Accounts payable	$	231
Accrued liabilities	639
Other liabilities	171
	$	1,041

- 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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