Divestitures

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Divestitures

Divestitures

In May 2014, we sold our Truckload Management Services (TMS) business for $15 and recorded a net pre-tax loss on disposal of $1. TMS provided document capture and submission solutions as well as campaign management, media buying and digital marketing services to the long haul trucking and transportation industry. As a result of this transaction we reported this business as a Discontinued Operation and reclassified its results from the Services segment to Discontinued Operations in the second quarter 2014.

In 2013, in connection with our decision to exit from the Paper distribution business, we completed the sale of our North American and European Paper businesses. As a result of these transactions, we reported these paper-related operations as Discontinued Operations and reclassified their results from the Other segment to Discontinued Operations in 2013. We recorded a net pre-tax loss on disposal of $25 in 2013 for the disposition of these businesses - $23 in second quarter and $2 in the fourth quarter. In 2014, we recorded net income of $1 in Discontinued Operations primarily representing adjustments of amounts previously recorded for the loss on disposal due to changes in estimates.

Summarized financial information for our Discontinued Operations related to the Paper and TMS businesses is as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Revenues	$	7		$	144		$	17		$	308
Income from operations	$	—		$	2		$	—		$	7
Loss on disposal	(2		)	(23		)	—			(23		)
Net Loss Before Income Taxes	(2		)	(21		)	—			(16		)
Income tax expense	2			2			2			4
Loss From Discontinued Operations, Net of Tax	$	(4	)	$	(23	)	$	(2	)	$	(20	)