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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Components of Income
The key components of income from both the Veralto and Fortive businesses from discontinued operations for the years ended December 31 were as follows ($ in millions):
202320222021
Sales$3,712 $4,828 $4,651 
Cost of sales(1,556)(2,067)(1,938)
Selling, general and administrative expenses(1,236)(1,392)(1,381)
Research and development expenses(168)(217)(244)
Other income (expense)(14)
Interest expense(7)(7)(7)
Income from discontinued operations before income taxes731 1,146 1,087 
Income tax expense(188)(265)(101)
Earnings from discontinued operations, net of income taxes$543 $881 $986 
The following table summarizes the major classes of assets and liabilities of the Veralto-related discontinued operations that were included in the Company’s accompanying Consolidated Balance Sheet as of December 31, 2022 ($ in millions):
Assets:
Trade accounts receivable, net$816 
Inventories345 
Prepaid expenses and other current assets119 
Property, plant and equipment, net247 
Goodwill2,476 
Other intangible assets, net479 
Other long-term assets299 
Total assets, discontinued operations$4,781 
Liabilities:
Trade accounts payable$440 
Accrued expenses and other liabilities687 
Other long-term liabilities287 
Total liabilities, discontinued operations$1,414 
Summary of Major Classes of Assets and Liabilities
The key components of income from both the Veralto and Fortive businesses from discontinued operations for the years ended December 31 were as follows ($ in millions):
202320222021
Sales$3,712 $4,828 $4,651 
Cost of sales(1,556)(2,067)(1,938)
Selling, general and administrative expenses(1,236)(1,392)(1,381)
Research and development expenses(168)(217)(244)
Other income (expense)(14)
Interest expense(7)(7)(7)
Income from discontinued operations before income taxes731 1,146 1,087 
Income tax expense(188)(265)(101)
Earnings from discontinued operations, net of income taxes$543 $881 $986 
The following table summarizes the major classes of assets and liabilities of the Veralto-related discontinued operations that were included in the Company’s accompanying Consolidated Balance Sheet as of December 31, 2022 ($ in millions):
Assets:
Trade accounts receivable, net$816 
Inventories345 
Prepaid expenses and other current assets119 
Property, plant and equipment, net247 
Goodwill2,476 
Other intangible assets, net479 
Other long-term assets299 
Total assets, discontinued operations$4,781 
Liabilities:
Trade accounts payable$440 
Accrued expenses and other liabilities687 
Other long-term liabilities287 
Total liabilities, discontinued operations$1,414