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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table sets forth details of net earnings (loss) from discontinued operations for the year ended December 31, 2017. Net earnings from discontinued operations for the years ended December 31, 2019 and 2018 were not material to our consolidated financial statements.
Year Ended December 31, 2017
CBS Radio
 
Other
 
Total
Revenues
$
1,018

 

$
—

 
 
$
1,018

Costs and expenses:
 
 
 
 
 
 
 
Operating
364

 

—

 
 
364

Selling, general and administrative
444

 

(8
)
 
 
436

Market value adjustment
980

(a) 
 
—

 
 
980

Restructuring charges
7

 

—

 
 
7

Total costs and expenses
1,795

 
 
(8
)
 
 
1,787

Operating income (loss)
(777
)
 
 
8

 
 
(769
)
Interest expense
(70
)
 

—

 
 
(70
)
Other items, net
(2
)
 
 
—

 
 
(2
)
Earnings (loss) from discontinued operations
(849
)
 
 
8

 
 
(841
)
Income tax benefit (provision)
(55
)
 

43

(b) 
 
(12
)
Earnings (loss) from discontinued operations, net of tax
(904
)
 
 
51

 
 
(853
)
Net gain (loss) on disposal
(109
)
 
 
13

 
 
(96
)
Income tax benefit (provision)
4

 
 
(2
)
 
 
2

Net gain (loss) on disposal, net of tax
(105
)
 
 
11

(c) 
 
(94
)
Net earnings (loss) from discontinued operations, net of tax
$
(1,009
)
 
 
$
62

 
 
$
(947
)
(a) During 2017, prior to the split-off, CBS Radio was measured each reporting period at the lower of its carrying amount or fair value less cost to sell. The value of the transaction with Entercom was determined based on Entercom’s stock price at the closing of the transaction and therefore, we recorded a market value adjustment of $980 million in 2017 to adjust the carrying value of CBS Radio to the value indicated by the stock valuation of Entercom.
(b) Primarily reflects a tax benefit from the resolution of a tax matter in a foreign jurisdiction relating to a previously disposed business that was accounted for as a discontinued operation.
(c) Reflects adjustments to the loss on disposal of our outdoor advertising businesses, primarily from a decrease to the guarantee liability associated with the 2013 disposal of our outdoor advertising business in Europe.