Discontinued Operations

3 Months Ended

Mar. 31, 2013

Discontinued Operations [Abstract]

Discontinued Operations

4) DISCONTINUED OPERATIONS

As part of the Company'sstrategic initiatives for its outdoor advertising business, during the fourth quarter of 2012 the Company initiated a plan to divest Outdoor Europe. Outdoor Europe is expected to be soldby the end of 2013. As a result, Outdoor Europe has been classified as held-for-sale and its results have been presented as a discontinued operation in the Company's consolidated financial statements for all periods presented.

The following table sets forth details of the net loss from discontinued operations for the three months ended March 31, 2013 and 2012.

	Three Months Ended
	March 31,
	2013		2012
Revenues from discontinued operations	$	123	$	128
Loss from discontinued operations before income taxes		(36)		(28)
Income tax benefit (provision)		16		(3)
Net loss from discontinued operations, net of tax	$	(20)	$	(31)

Noncurrent assets of discontinued operations of $252million at March 31, 2013and $260million atDecember 31, 2012, primarily consist of net property and equipment of $102 millionand $103 million,respectively, and goodwill of $47 millionand $49million, respectively. Noncurrent liabilities from discontinued operations primarily relate to aircraft leases from previously disposed businesses that are generally expected to liquidate in accordance with contractual terms.