Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

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

	Three Months Ended March 31,
	2020			2019
Net sales	$	101		$	395
Cost of sales	78			318
Gross profit	23			77
Selling, general and administrative expenses	32			56
Impairment charge for goodwill (A)	—			7
Other income (expense), net	—			1
(Loss) income from discontinued operations	(9		)	15
Gain on disposal of discontinued operations	585			—
Income before income tax	576			15
Income tax expense	(179		)	(6		)
Income from discontinued operations, net	$	397		$	9

(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.

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

	December 31, 2019
Receivables	76
Prepaid expenses and other	7
Inventories	90
Property and equipment, net	157
Operating lease right-of-use assets	4
Goodwill	181
Other intangible assets, net	1
Other assets	12
Total assets classified as held for sale	$	528
Accounts payable	$	103
Accrued liabilities	46
Noncurrent operating lease liabilities	3
Other liabilities	10
Total liabilities classified as held for sale	$	162

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

	Three Months Ended
	March 31, 2020		March 31, 2019
Depreciation and amortization	$	—	$	9
Capital expenditures	1		11
ROU assets obtained in exchange for new lease obligations	—		—