Financial Information for Assets and Liabilities of Businesses Held for Sale |
| | | | | | | | | ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE | June 30, 2022 | December 31, 2021 | Current receivables, inventories and contract assets | $ | 512 | | $ | — | | Property, plant and equipment and intangible assets - net | 192 | | — | | All other assets | 63 | | — | | Assets of businesses held for sale | $ | 767 | | $ | — | | | | | Progress collections and deferred income | $ | 1,228 | | $ | — | | Accounts payable and equipment project accruals and all other liabilities | 409 | | — | | Liabilities of businesses held for sale | $ | 1,638 | | $ | — | |
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Financial Information for Discontinued Operations |
| | | | | | | | | | | | | | | | | | | | | RESULTS OF DISCONTINUED OPERATIONS | | Three months ended June 30 | | Six months ended June 30 | | | 2022 | 2021 | | 2022 | 2021 | Operations | | | | | | | | | | | | | | Cost of equipment and services sold | | $ | — | | $ | (8) | | | $ | — | | $ | (376) | | Other income, costs and expenses | | (205) | | 592 | | | (455) | | 838 | | | | | | | | | Earnings (loss) of discontinued operations before income taxes | | $ | (205) | | $ | 583 | | | $ | (455) | | $ | 462 | | Benefit (provision) for income taxes | | 3 | | (50) | | | (15) | | (79) | | Earnings (loss) of discontinued operations, net of taxes(a) | | $ | (202) | | $ | 533 | | | $ | (470) | | $ | 384 | | | | | | | | | Disposal | | | | | | | Gain (loss) on disposal before income taxes | | $ | (8) | | $ | (1,133) | | | $ | (30) | | $ | (3,835) | | Benefit (provision) for income taxes | | — | | 37 | | | 5 | | (7) | | Gain (loss) on disposal, net of taxes | | $ | (8) | | $ | (1,097) | | | $ | (25) | | $ | (3,842) | | | | | | | | | Earnings (loss) from discontinued operations, net of taxes | | $ | (210) | | $ | (564) | | | $ | (496) | | $ | (3,458) | |
(a) Included zero and $496 million from GECAS operations for the three months ended June 30, 2022 and 2021, respectively. Included zero and $673 million from GECAS operations, including zero and $359 million of depreciation and amortization, for the six months ended June 30, 2022 and 2021, respectively. Depreciation and amortization for GECAS ceased on March 10, 2021.
| | | | | | | | | ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS | June 30, 2022 | December 31, 2021 | Cash, cash equivalents and restricted cash | $ | 1,178 | | $ | 736 | | Financing receivables held for sale (Polish mortgage portfolio) | 1,400 | | 1,799 | | Property, plant, and equipment - net | 79 | | 88 | | All other assets | 542 | | 554 | | Assets of discontinued operations | $ | 3,199 | | $ | 3,177 | | | | | Accounts payable and all other liabilities | $ | 1,032 | | $ | 887 | | Liabilities of discontinued operations | $ | 1,032 | | $ | 887 | |
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