Discontinued Operations and Divestitures (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations

The following is a summary of directly attributable transaction expenses which are included in discontinued operations for the years ended December 31, 2013 and 2012:

	Year Ended December 31,
	(in thousands)
	2013		2012
WhiteWave	$	12,464	$	18,835
Morningstar	437		22,875
Total	$	12,901	$	41,710

Operating Expense

Discontinued Operations

The following is a summary of operating results and certain other directly attributable expenses, including interest expense, which are included in discontinued operations for the years ended December 31, 2013 and 2012:

	Year Ended December 31,
	2013										2012
	WhiteWave				Morningstar			Total			WhiteWave			Morningstar			Total
	(In thousands)
Operations:
Net sales	$	940,431			$	5,919		$	946,350		$	2,187,615		$	1,438,371		$	3,625,986
Income (loss) before income taxes	57,126				(28		)	57,098			152,164			69,513			221,677
Income tax (expense) benefit	(54,306		)	(1)	11			(54,295		)	(58,566		)	(23,832		)	(82,398		)
Net income (loss)	$	2,820			$	(17	)	$	2,803		$	93,598		$	45,681		$	139,279

(1) The income tax expense attributable to WhiteWave during the year ended December 31, 2013 includes approximately $31.1 million related to certain deferred intercompany transactions which were recognized upon the completion of the WhiteWave spin-off. Because these liabilities arose as a direct result of the spin-off of WhiteWave, we have reflected the income statement impact of such liabilities as a component of discontinued operations.