Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summarized financial information of discontinued businesses

Summarized financial information showing the results of operations of these discontinued operations was as follows:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(dollars in millions)	2015			2014			2015			2014
Revenues	$	—		$	64		$	—		$	348
Cost of sales (excluding depreciation and amortization)	—			(43		)	—			(246		)
All other (costs) gains	(1		)	(17		)	(2		)	(75		)
Gain on sale of Compression businesses, before tax	—			—			681			95
Income before income taxes	(1		)	4			679			122
Income tax provision	—			(1		)	(248		)	(91		)
Income from discontinued operations, net of income taxes	$	(1	)	$	3		$	431		$	31

The gain on the sale of the Compression businesses was determined as follows:

(dollars in millions)	Sale of Centrifugal Compression			Sale of Reciprocating Compression
Sales price	$	850		$	550
Net assets sold	(160		)	(442		)
Transaction and other costs associated with the sale	(9		)	(13		)
Pre-tax gain	681			95
Tax provision	(248		)	(85		)
Gain on sale	$	433		$	10