The significant line items included in the Condensed Consolidated Statements of Operations are as follows:


	2014
(In millions)	Second Quarter			First Half
Sales	$	59		$	127
Cost of goods sold and occupancy costs		(43	)		(94	)
Selling, general and administrative expenses		(14	)		(25	)
Other expenses		—			(2	)

Income before income taxes		2			6
Income attributable to Office Depot, before income taxes		1			4

The transaction was not contemplated at the Merger date, but because of the subsequent decisions to sell, the joint venture’s assets and liabilities are presented in the Condensed Consolidated Balance Sheet at June 28, 2014 and December 28, 2013, as Assets of consolidated joint venture held for sale and Liabilities of consolidated joint venture held for sale, respectively, and include the following:


(In millions)	June 28, 2014		December 28, 2013
Cash and cash equivalents	$	4	$	7
Receivables, net		18		18
Inventories		81		71
Property and equipment, net		38		47
Goodwill		24		—
Other assets		11		10

Assets of consolidated joint venture held for sale	$	176	$	153

Trade accounts payable	$	39	$	44
Debt		11		7
Accrued expenses and other liabilities		22		22

Liabilities of consolidated joint venture held for sale	$	72	$	73