DIVESTITURES (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The major classes of line items constituting income from discontinued operations, net, in millions:

	For the Years Ended December 31,
	2019			2018			2017
Net sales	$	1,528		$	1,705		$	1,628
Cost of sales	1,184			1,343			1,236
Gross profit	344			362			392
Selling, general and administrative expenses	232			228			227
Impairment charge for goodwill (A)	7			—			—
Other income (expense), net	1			1			1
Income from discontinued operations	106			135			166
Gain on disposal of discontinued operations, net	298			—			—
Income before income tax	404			135			166
Income tax expense	(108		)	(37		)	(59		)
Income from discontinued operations, net	$	296		$	98		$	107

(A)

In the first quarter of 2019, we recognized a $7 million non-cash goodwill impairment charge related to a decline in the long-term outlook of our windows and doors business in the United Kingdom.

Other selected financial information for Cabinetry, Milgard and UKWG during the period owned by us, were as follows, in millions:

	For the Years Ended December 31,
	2019		2018		2017
Depreciation and amortization	$	29	$	36	$	34
Capital expenditures	34		38		26
ROU assets obtained in exchange for new lease obligations	3		—		—

The carrying amount of major classes of assets and liabilities included as part of the Cabinetry, Milgard, and UKWG discontinued operations, were as follows, in millions:

	December 31, 2019		December 31, 2018
Cash and cash investments	$	—	$	7
Receivables	76		163
Prepaid expenses and other	7		24
Inventories	90		148
Property and equipment, net	157		338
Operating lease right-of-use assets	4		—
Goodwill	181		387
Other intangible assets, net	1		118
Other assets	12		10
Total assets classified as held for sale	$	528	$	1,195
Accounts payable	$	103	$	190
Accrued liabilities	46		105
Other liabilities	13		120
Total liabilities classified as held for sale	$	162	$	415