Divestitures and Acquisitions (Tables)

6 Months Ended

Jun. 30, 2015

Pre-tax Earnings and Major Classes of Assets and Liablities

Our coffee business results are reflected in our consolidated financial statements through June 30, 2015. The pre-tax earnings of the coffee businesses were:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions)

Earnings before income taxes	$	212	$	151	$	342	$	310

The major classes of the held for sale assets and liabilities consist of:


	As of June 30,
	2015
	(in millions)
Assets
Cash and cash equivalents	$	442
Trade receivables		471
Other receivables		26
Inventories, net		473
Deferred income taxes		5
Other current assets		42

Current assets held for sale		1,459

Property, plant and equipment, net		755
Goodwill		1,672
Intangible assets, net		–
Other assets		12

Noncurrent assets held for sale		2,439

Total assets held for sale	$	3,898

Liabilities
Accounts payable	$	439
Accrued marketing		292
Accrued employment costs		29
Other current liabilities		63

Current liabilities held for sale		823

Deferred income taxes		28
Accrued pension costs		179
Other liabilities		4

Noncurrent liabilities held for sale		211

Total liabilities held for sale	$	1,034

Net assets held for sale	$	2,864

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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