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DIVESTITURES (Tables)
3 Months Ended
Mar. 26, 2017
Operating Results of Discontinued Operations and Information of IS and GS Included in Consolidated Statements of Cash Flows

The operating results of the IS&GS business for the quarter ended March 27, 2016 that have been reflected within net earnings from discontinued operations are as follows (in millions):

 

 

 

Net sales

   $ 1,334         

Cost of sales

          (1,175)        

Severance charges

     (19)        

 

 

Gross profit

     140         

Other expense, net

     (1)        

 

 

Operating profit

     139         

 

 

Interest income

     1         

 

 

Earnings from discontinued operations before income taxes

     140         

 

 

Income tax expense

     (48)        

 

 

Net earnings from discontinued operations

   $ 92