Discontinued Operations and Held for sale businesses (Tables)

9 Months Ended

Sep. 30, 2016

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Major line items constituting losses from discontinued operations [Table Text Block]

The following table summarizes the the major line items constituting gains (losses) from discontinued operations for the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)	2016			2015			2016			2015
Loss from discontinued operations, net of tax:
Revenue — regulated	$	213		$	199		$	632		$	627
Cost of sales	(200		)	(192		)	(608		)	(620		)
Asset impairment expense	—			—			(783		)	—
Other income and expense items that are not major	(14		)	(1		)	(35		)	(25		)
Pretax gain (loss) from discontinued operations	$	(1	)	$	6		$	(794	)	$	(18	)
Income tax benefit (expense)	—			(1		)	405			6
(Loss) income from discontinued operations, net of tax	$	(1	)	$	5		$	(389	)	$	(12	)

Operating and Investing cash flow impact for discontinued operations [Table Text Block]

The following table summarizes the operating and investing cash flows from discontinued operations for the nine months ended September 30, 2016 and 2015:

	Nine Months Ended September 30,
(in millions)	2016			2015
Cash flows from operating activities of discontinued operations	$	68		$	(23	)
Cash flows from investing activities of discontinued operations	(63		)	(16		)

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table summarizes the carrying amounts of the major classes of assets and liabilities of discontinued operations and held-for-sale businesses at September 30, 2016 and December 31, 2015:

(in millions)	September 30, 2016			December 31, 2015
Assets of discontinued operations and held-for-sale businesses:
Cash and cash equivalents	$	4		$	5
Accounts receivable, net of allowance for doubtful accounts of $19 and $8 respectively	184			171
Property, plant and equipment and intangibles, net	860			668
Deferred income taxes	589			133
Other classes of assets that are not major	206			233
Loss recognized on classification as held-for-sale (1)	(837		)	—
Total assets of discontinued operations	$	1,006		$	1,210
Other assets of businesses classified as held-for-sale (2)	—			96
Total assets of discontinued operations and held-for-sale businesses(3)	$	1,006		$	1,306
Liabilities of discontinued operations and held-for-sale businesses:
Accounts payable	$	141		$	150
Accrued and other liabilities	156			150
Non-recourse debt	337			346
Other classes of liabilities that are not major	168			125
Total liabilities of discontinued operations	$	802		$	771
Other liabilities of businesses classified as held-for-sale(2)	—			13
Total liabilities of discontinued operations and held-for-sale businesses (3)	$	802		$	784

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⁽¹⁾  Pre-tax impairment expense of $783 million is net of the impact from cumulative translation adjustments.

⁽²⁾  DPLER and Kelanitissa were classified as held-for-sale as of December 31, 2015. See Note 17—Dispositions for further information.

⁽³⁾  Amounts were classified as both current and long-term on the Condensed Consolidated Balance Sheet as of December 31, 2015.