Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

v3.19.1
Acquisitions and Divestitures Acquisitions and Divestitures (Tables)
 3 Months Ended
Mar. 29, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Disclosure of Assets and Liabilities Held-for-sale [Table Text Block]
Assets and Liabilities Held for Sale - Discontinued Operations
The following table presents information related to the major classes of assets and liabilities of CCBA that were classified as held for sale — discontinued operations in our condensed consolidated balance sheets (in millions):
 
March 29, 2019

 
December 31, 2018

 
Cash, cash equivalents and short-term investments
$
203

 
$
151

 
Trade accounts receivable, less allowances
257

 
289

 
Inventories
283

 
305

 
Prepaid expenses and other assets
103

 
97

 
Equity method investments
5

 
5

 
Other assets
26

1 
15

 
Property, plant and equipment — net
1,626

 
1,587

 
Goodwill
3,875

 
3,847

 
Other intangible assets
790

 
796

 
Allowance for reduction of assets held for sale
(541
)
 
(546
)
 
Assets held for sale — discontinued operations
$
6,627

 
$
6,546

 
Accounts payable and accrued expenses
$
530

2 
$
602

 
Loans and notes payable
784

 
641

 
Current maturities of long-term debt
6

 
6

 
Accrued income taxes
54

 
32

 
Long-term debt
9

 
12

 
Other liabilities
13

3 
8

 
Deferred income taxes
439

 
421

 
Liabilities held for sale — discontinued operations
$
1,835

 
$
1,722

 

1 Includes $10 million of operating lease ROU assets as a result of our adoption of ASC 842.
2 Includes $4 million of the current portion of operating lease liabilities as a result of our adoption of ASC 842.
3 Includes $6 million of the noncurrent portion of operating lease liabilities as a result of our adoption of ASC 842.