Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Results of the businesses presented as discontinued operations for the third quarter and year-to-date periods ended September 30, 2013 and 2012 were as follows:



	Three Months Ended						Nine Months Ended
(In millions)	September 30, 2013						September 30, 2013
	2013			2012			2013			2012
Operating revenues	$	657		$	779		$	2,157		$	2,543

Income from discontinued operations before income taxes	$	57		$	140		$	107		$	796
Income taxes	(11		)	(61		)	(59		)	(217		)
Income from discontinued operations	$	46		$	79		$	48		$	579

Assets and liabilities of discontinued operations held for sale

As of September 30, 2013, the assets and liabilities of the Industrial Packaging business, the three construction distribution businesses, and the specialty coatings business discussed above were included in assets and liabilities held for sale in the statement of financial position, as follows:



(In millions)	September 30, 2013
Trade receivables	$	423
Inventories	256
Net plant and equipment	303
Goodwill and intangible assets	870
Other	145
Loss reserves on assets held for sale	(46		)
Total assets held for sale	$	1,951

Accounts payable	$	121
Accrued expenses	160
Other	113
Total liabilities held for sale	$	394

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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