Assets Held for Sale

12 Months Ended

Dec. 31, 2022

Assets Held for Sale

Assets Held for Sale

23.  Assets Held for Sale 

       In December 2021, the Company entered into a definitive agreement to sell Cristar TableTop S.A.S. (“Cristar”) to Vidros Colombia S.A.S, an affiliate of Nadir Figueiredo S.A., a glass tableware producer based in Brazil. The sale was completed in March 2022 (see Note 22 for additional information). Cristar owned a

dedicated tableware manufacturing plant in Buga, Colombia, that exports tableware to approximately 40 countries around the world.  

The business and its associated assets and liabilities met the criteria for presentation as held for sale and as such the assets and liabilities associated with the transaction are separately classified as held for sale in the Consolidated Balance Sheet as of December 31, 2021 and depreciation of long-lived assets ceased. The planned divestiture did not meet the criteria for presentation as a discontinued operation. 

The major classes of assets and liabilities held for sale were as follows:

		December 31, 2021
Cash	$	3
Accounts receivable, net		13
Inventories		7
Property, plant and equipment, net		8
Goodwill		18
Total assets held for sale	$	49
Accounts payable	$	10
Other accrued liabilities		3
Total liabilities related to assets held for sale	$	13