Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table sets forth details of net earnings from discontinued operations for the three months ended March 31, 2021 and 2020, which primarily reflects the results of Simon & Schuster.

	Three Months Ended
	March 31,
	2021		2020
Revenues	$	185	$	170
Costs and expenses:
Operating	120		99
Selling, general and administrative	38		43
Depreciation and amortization	—		1
Restructuring charges	—		2
Total costs and expenses (a)	158		145
Operating income	27		25
Other items, net	(2)		(5)
Earnings from discontinued operations	25		20
Income tax provision (b)	(13)		(5)
Net earnings from discontinued operations, net of tax	$	12	$	15

(a) The three months ended March 31, 2020 includes $10 million for the release of indemnification obligations for leases relating to a previously disposed business.

(b) The three months ended March 31, 2021 and 2020 include tax provisions of $7 million and $2 million, respectively, related to previously disposed businesses.

The following table presents the major classes of assets and liabilities of our discontinued operations.

		At			At
	March 31, 2021			December 31, 2020
Receivables, net		$	322		$	447
Other current assets		192			183
Goodwill		435			435
Property and equipment, net		42			42
Operating lease assets		191			191
Other assets		143			141
Total Assets		$	1,325		$	1,439
Royalties payable		$	112		$	131
Other current liabilities		311			349
Operating lease liabilities		191			194
Other liabilities		21			26
Total Liabilities		$	635		$	700