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Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2013
Discontinued Operations And Disposal Groups [Abstract]  
Financial Information for Discontinued Operations
Selected financial information for the discontinued operations, during the period owned by the Company, was as follows, in millions:

 

     Three Months Ended     Six Months Ended  
     June 30,     June 30,  
     2013     2012     2013     2012  

Net Sales

   $ 60      $ 80      $ 119      $ 169   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss from discontinued operations

   $ (5   $ (10   $ (8   $ (21

Impairment of assets

     —          —          (10     —     

Loss on disposal of discontinued operations, net

     —          (2     —          (3
  

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income tax

     (5     (12     (18     (24

Income tax expense (benefit)

     —          12        (4     9   
  

 

 

   

 

 

   

 

 

   

 

 

 

Loss from discontinued operations, net

   $ (5   $ (24   $ (14   $ (33
Balance Sheet Items Reclassified as Held for Sale

The following balance sheet items have been reclassified as held for sale:

 

     June 30,      December 31,  
     2013      2012  

Receivables

   $ 36       $ 32   

Inventories

     64         66   

Prepaid expenses and other

     1         2   

Property and equipment, net

     91         103   
  

 

 

    

 

 

 

Total assets

   $ 192       $ 203   
  

 

 

    

 

 

 

Accounts payable

   $ 36       $ 31   

Accrued liabilities

     12         14   

Deferred income taxes

     —           4   
  

 

 

    

 

 

 

Total liabilities

   $ 48       $ 49