Sale and Leaseback Transactions

12 Months Ended

Dec. 31, 2014

Sale and Leaseback Transactions [Abstract]

Sale and Leaseback Transactions

SALE AND LEASEBACK TRANSACTIONS

In connection with the disposition of certain real estate in prior years, we entered into long-term operating leases. The leases are classified as operating leases and the gains realized on these leases have been deferred and are being credited to income over the initial lease term. Such deferred gains totaled $42 million and $45 million at December 31, 2014 and 2013, respectively, of which $39 million and $41 million, respectively, are reflected in the accompanying Consolidated Balance Sheet under the caption Deferred gains, with the remainder included as a component of Other current liabilities.