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ASSETS AND LIABILITIES HELD FOR SALE
12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure
On August 6, 2020, the Company entered into a Consent Agreement with the Competition Bureau of Canada regarding the merger with Anixter. Under the Consent Agreement, the Company agreed to divest certain legacy Wesco businesses in Canada. Accordingly, the Company determined that the assets and liabilities of these legacy Wesco businesses in Canada met the held for sale criteria as of December 31, 2020. These businesses did not meet the criteria to be classified as discontinued operations. As disclosed in Note 6, "Acquisitions and Disposals", the Company completed these divestitures in February 2021.
The assets and liabilities classified as held for sale were as follows:
As of
December 31, 2020
(In thousands)
Trade accounts receivable, net$4,258 
Inventories16,438 
Prepaid expenses and other current assets395 
Property, buildings and equipment, net263 
Operating lease assets1,938 
Intangible assets, net5,722 
Goodwill26,059 
Total assets held for sale$55,073 
Accounts payable$3,639 
Other current liabilities541 
Operating lease liabilities1,537 
Total liabilities held for sale$5,717