Dispositions (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022 and 2021, which primarily reflects the results of Simon & Schuster.

	Three Months Ended
	March 31,
	2022		2021
Revenues	$	217	$	185
Costs and expenses:
Operating	124		120
Selling, general and administrative	38		38
Total costs and expenses (a)	162		158
Operating income	55		27
Other items, net	(1)		(2)
Earnings from discontinued operations	54		25
Income tax provision (b)	(12)		(13)
Net earnings from discontinued operations, net of tax	$	42	$	12

(a) Included in total costs and expenses for the three months ended March 31, 2022 is $5 million for the release of indemnification obligations for leases relating to a previously disposed business.

(b) The tax provision includes amounts relating to previously disposed businesses of $1 million and $7 million for the three months ended March 31, 2022 and 2021, respectively.

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

	At			At
	March 31, 2022			December 31, 2021
Receivables, net		$	381		$	536
Other current assets		213			209
Goodwill		435			435
Property and equipment, net		46			46
Operating lease assets		203			203
Other assets		133			131
Total Assets		$	1,411		$	1,560
Royalties payable		$	126		$	155
Other current liabilities		357			416
Operating lease liabilities		191			194
Other liabilities		18			19
Total Liabilities		$	692		$	784