Divestitures and Held for Sale (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The carrying amounts of the major classes of Embraco's assets and liabilities at September 30, 2019 and December 31, 2018 include the following:

Millions of dollars	September 30, 2019		December 31, 2018
Accounts receivable, net of allowance of $0 and $8, respectively	—		198
Inventories	—		165
Prepaid and other current assets	—		42
Property, net of accumulated depreciation of $0 and $616, respectively	—		364
Right of use assets	—		—
Other noncurrent assets	—		49
Total assets	$	—	$	818
Accounts payable	$	—	$	361
Accrued expenses	—		27
Accrued advertising and promotion	—		12
Other current liabilities	—		55
Lease liabilities	—		—
Other noncurrent liabilities	—		34
Total liabilities	$	—	$	489

The following table summarizes Embraco's earnings before income taxes for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
Millions of dollars	2019		2018		2019		2018
Earnings before income taxes	$	—	$	21	$	47	$	37