DIVESTITUTURES

3 Months Ended

Mar. 31, 2012

Acquisitions And Divestitures [Abstract]

DIVESTITURES

Note3. Divestitures

In July 2011, the Company sold its Consumer Products Group business (CPG) to Rank Group Limited. The sale was completed for approximately $955 million in cash proceeds, resulting in a pre-tax gain of approximately $301 million and approximately $178 million net of tax.  The gain was recorded in net income from discontinued operations after taxes in the Company's Consolidated Statement of Operations for the year ended December 31, 2011.The net income attributable to the non-controlling interest for the discontinued operations was insignificant. The sale of CPG, which had been part of the Transportation Systems segment, is consistent with the Company's strategic focus on its portfolio of differentiated global technologies.

The key components of income from discontinued operations related to CPG were as follows:

		Three Months Ended
		March 31,
		2011
Net sales	$	237
Costs, expenses and other		186
Selling, general and administrative expense		22
Income before taxes		29
Tax expense		11
Net income from discontinued operations after taxes	$	18