XML 58 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2015
Income Statement [Member]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The following summarized financial information has been segregated from continuing operations and reported as Discontinued Operations:
(dollars in millions)
2015
 
2014
 
2013
Discontinued Operations:
 
 
 
 
 
Net Sales
$
4,949

 
$
7,452

 
$
6,564

Cost of Sales
4,152

 
6,801

 
5,304

Research and development
150

 
160

 
197

Selling, general and administrative
315

 
328

 
382

Pension curtailment
110

 

 

Other income, net
(30
)
 
(12
)
 
(40
)
Income from operations
252

 
175

 
721

Gain (loss) on disposal
6,042

 

 
(33
)
Income tax expense
(2,684
)
 
(20
)
 
(234
)
Income from discontinued operations
$
3,610

 
$
155

 
$
454

Balance Sheet [Member]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The assets and liabilities held for sale on the Consolidated Balance Sheet as of December 31, 2014 are as follows:
(dollars in millions)
December 31, 2014
Assets:
 
Cash and cash equivalents
$
6

Accounts receivable, net
869

Inventories and contracts in progress, net
2,223

Other assets, current
45

Fixed assets, net
684

Goodwill
348

Intangible assets, net
32

Other assets
661

Assets held for sale
$
4,868

Liabilities:
 
Short-term borrowings and long-term debt currently due
$
5

Accounts payable
717

Accrued liabilities
1,479

Long-term debt
5

Future pension and postretirement benefit obligations
2

Other long-term liabilities
573

Liabilities held for sale
$
2,781