v3.24.3
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
Information regarding net income (loss) from discontinued operations, net of taxes includes the following noting there was no material income (loss) from discontinued operations for the three months ended September 30, 2024:
Three months ended
September 30,		Nine months ended
September 30,
Net Income (Loss) from Discontinued Operations, Net of Taxes (millions)
202320242023
Net sales
$2,042$1,987$6,060
Cost of sales8648442,611
Other operating expenses
7368372,232
Other expense (income), net
(6)44(17)
Income (loss) from discontinued operations before income taxes
4482621,234
Provision for income taxes
(4)98138
Net income (loss) from discontinued operations, net of taxes
$452$164$1,096
Major classes of assets and liabilities of discontinued operations include the following:
Assets and Liabilities of Discontinued Operations (millions)
December 31, 2023
Assets
Cash and cash equivalents$198 
Marketable securities — current3 
Accounts receivable — net 1,149 
Inventories878 
Other current assets151 
Current assets of discontinued operations2,379 
Property, plant and equipment — net1,469 
Operating lease right of use assets102 
Goodwill6,545 
Intangible assets — net2,903 
Other assets324 
Non-current assets of discontinued operations11,343 
Liabilities
Accounts payable469 
Accrued payroll209 
Accrued income taxes61 
Operating lease liabilities — current33 
Other current liabilities951 
Current liabilities of discontinued operations1,723 
Pension and postretirement benefits315 
Operating lease liabilities70 
Other liabilities301 
Non-current liabilities of discontinued operations$686 
Cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statement of Cash Flows for all periods presented. Selected financial information related to cash flows from discontinued operations is below.
Nine months ended
September 30,
Selected Cash Flow Information from Discontinued Operations (millions)
20242023
Depreciation and amortization$139 $416 
Purchases of property, plant and equipment (PP&E)77 163