Divestiture of a Business

6 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Divestiture of a Business

Divestiture of Businesses

In August 2015, we sold our ZEE Medical business within our Distribution Solutions segment for a total purchase price of $134 million. We recorded a pre-tax gain from this sale of $52 million ($33 million after-tax) during the second quarter of 2016 and $52 million ($29 million after-tax) during the first six months of 2016.

During the first quarter of 2016, we sold our nurse triage business within our Technology Solutions segment for net sale proceeds of $84 million and recorded a pre-tax gain of $51 million ($38 million after-tax) from the sale.

These divestitures did not meet the criteria to qualify as a discontinued operation under the amended guidance, which became effective for us in the first quarter of 2016. Accordingly, pre-tax gains from both divestitures were recorded in operating expenses within continuing operations of our condensed consolidated statements of operations. Other than the gain on disposal, pre and after-tax income for these businesses were not material for the quarters and six months ended September 30, 2016 and 2015.