DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2015

DISCONTINUED OPERATIONS

Schedules of major classes of line items constituting pre-tax profit (loss) of discontinued operations, carrying amount of major classes of assets and liabilities, and other selected financial information during the period owned

        The major classes of line items constituting pre-tax (loss) profit of the discontinued operations, in millions:

	Year Ended December 31
	2015			2014			2013
Net sales (1)	$	762		$	1,515		$	1,412
Cost of sales (1)		603			1,188			1,116
Gross profit (1)		159			327			296
Selling, general and administrative expenses (1)		148			259			232
Income from discontinued operations	$	11		$	68		$	64
Other discontinued operations results:
(Loss) gain on disposal of discontinued operations, net (2)		(1	)		(6	)		3
Operating loss from discontinued operations (3)		—			—			(7	)
Impairment of assets held for sale (4)		—			—			(10	)
Income before income tax		10			62			50
Income tax expense (5)		(12	)		(27	)		(21	)
(Loss) income from discontinued operations, net	$	(2	)	$	35		$	29

(1)	Net sales, cost of sales, gross profit, and selling, general and administrative expenses reflect the results of TopBuild.
(2)	Included in (loss) gain on disposal of discontinued operations, net in 2014 are additional costs and charges related to the 2013 sale of Tvilum.
(3)	Operating loss from discontinued operations reflects the results of Tvilum, including net sales of $265 million in 2013.
(4)	Included in impairment of assets held for sale in 2013 is the impairment of fixed assets. During 2013, we estimated the fair value of the Tvilum business held for sale, using unobservable inputs (Level 3). After considering the currency translation gains reported in accumulated other comprehensive income (loss), we recorded an impairment of $10 million in 2013.
(5)	The unusual relationship between income tax expense and income before income tax for 2015 resulted primarily from certain non-deductible transaction costs related to the spin off of TopBuild.

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

	At December 31,
	2015		2014
Cash	$	—	$	4
Receivables		—		220
Inventories		—		107
Prepaid expenses and other		—		4
Property and equipment, net		—		93
Goodwill		—		1,044
Other intangible assets, net		—		3
Other assets		—		1
Total assets classified as held for sale	$	—	$	1,476
Accounts payable		—	$	229
Accrued liabilities		—		71
Other liabilities		—		40
Deferred income taxes		—		129
Total liabilities classified as held for sale	$	—	$	469

        Other selected financial information for TopBuild during the period owned by us, were as follows, in millions:

	Year Ended Dec. 31
	2015		2014		2013
Depreciation and amortization	$	6	$	26	$	27
Capital expenditures	$	7	$	13	$	14