DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Components of net sales and net earnings from discontinued operations

The following table summarizes the components of net sales and net earnings from discontinued operations.

	QUARTER ENDED						YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	JUNE 2014			JUNE 2013			JUNE 2014			JUNE 2013
Net sales from discontinued operations	$	317		$	267		$	565		$	463
Income from operations	$	27		$	19		$	43		$	23
Income taxes	(5		)	(6		)	(11		)	(8		)
Net earnings from discontinued operations	$	22		$	13		$	32		$	15

Carrying values for assets and liabilities classified as discontinued operations

The following table shows carrying values for assets and liabilities classified as discontinued operations as of June 30, 2014 and December 31, 2013.

DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2014		DECEMBER 31, 2013
Assets
Cash and cash equivalents	$	63	$	5
Restricted cash	887		—
Receivables, less discounts and allowances	19		51
Prepaid expenses	10		11
Deferred tax assets	9		21
Total current assets	988		88
Property and equipment, net	16		15
Real estate in process of development and for sale	974		851
Land being processed for development	609		596
Investments in and advances to equity affiliates	15		21
Deferred tax assets	120		115
Other assets	93		96
Total noncurrent assets	1,827		1,694
Total assets	$	2,815	$	1,782
Liabilities
Accounts payable	53		41
Accrued liabilities	84		113
Total current liabilities	137		154
Long-term debt	887		—
Long-term debt (nonrecourse to the company) held by variable interest entities	8		5
Other liabilities	31		27
Total noncurrent liabilities	926		32
Total liabilities	$	1,063	$	186
Noncontrolling interests	$	49	$	34