Discontinued Operations and Divestitures (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Amounts Included in Discontinued Operations

The following table provides a summary of amounts included in discontinued operations for the years ended December 31, (in millions):

	2019		2018
Net sales (1)	$	368	$	2,879
Cost of products sold (1)	266		1,798
Gross profit	102		1,081
Selling, general and administrative expenses	48		624
Restructuring costs, net	—		3
Impairment of goodwill, intangibles and other assets	112		1,464
Operating loss	(58)		(1,010)
Non-operating income, net (2)	10		830
Loss before income taxes	(48)		(180)
Income tax provision	31		129
Net loss	$	(79)	$	(309)

(1)2018 includes a reclassification from cost of products sold to net sales of $13 million related to the adoption of ASU 2014-9 - “Revenue from Contracts with Customers (Topic 606)”.

(2)2019 and 2018 include gains on sale of discontinued operations of $7 million and $831 million, respectively.