Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following summarized financial information related to Sikorsky has been segregated from continuing operations and reported as Discontinued Operations:

	Quarter Ended September 30,						Nine Months Ended September 30,
(Dollars in millions)	2015			2014			2015			2014
Discontinued Operations:
Net sales	$	1,421		$	1,620		$	4,379		$	5,365
Cost of sales	1,163			1,366			3,628			5,101
Research and development	47			37			133			116
Selling, general and administrative	88			79			264			247
Pension curtailment	110			—			110			—
Other (income) expenses, net	(14		)	5			(40		)	17
Income (loss) from operations	27			133			284			(116		)
Transaction related expenses	(38		)	—			(66		)	—
Income tax (expense) benefit	(54		)	(33		)	(140		)	76
(Loss) income from discontinued operations	$	(65	)	$	100		$	78		$	(40	)

The assets and liabilities held for sale on the Condensed Consolidated Balance Sheet as of September 30, 2015 and December 31, 2014 are as follows:

(Dollars in millions)	September 30, 2015		December 31, 2014
Assets
Cash and cash equivalents	$	16	$	6
Accounts receivable, net	732		869
Inventories and contracts in progress, net	2,225		2,223
Other assets, current	76		63
Fixed assets, net	692		684
Goodwill	344		347
Intangible assets, net	29		32
Other assets	722		644
Assets held for sale	$	4,836	$	4,868
Liabilities
Short-term borrowing and long-term debt currently due	$	10	$	6
Accounts payable	567		717
Accrued liabilities	1,118		1,478
Long-term debt	7		5
Other long-term liabilities	540		575
Liabilities held for sale	$	2,242	$	2,781