v3.4.0.3
Dispositions
 3 Months Ended
Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITIONS
DISPOSITIONS

Corporate and Other Segment – Sale of Integrys Transportation Fuels

Through a series of transactions in the fourth quarter of 2015 and the first quarter of 2016, we sold ITF, a provider of CNG fueling services and a single-source provider of CNG fueling facility design, construction, operation, and maintenance. There was no gain or loss recorded on the sale in the first quarter of 2016, as ITF's assets and liabilities were adjusted to fair value through purchase accounting. The sale of ITF met the criteria to qualify as held for sale at December 31, 2015, but did not meet the requirements to qualify as a discontinued operation. The results of operations of ITF remained in continuing operations through the sale date as the sale of ITF did not represent a shift in our corporate strategy and will not have a major effect on our operations and financial results. The pre-tax profit or loss of this individually significant component was not material for the quarter ended March 31, 2016.

The following table shows the carrying values of the major classes of assets and liabilities included as held for sale on our balance sheet at December 31:
(in millions)
 
2015
Property, plant, and equipment
 
$
37.2

Accounts receivable and unbilled revenues
 
34.9

Materials, supplies, and inventories
 
18.4

Other current assets
 
2.6

Other long-term assets
 
3.7

Total assets
 
$
96.8

 
 
 
Accounts payable
 
$
12.9

Accrued payroll and benefits
 
2.4

Other current liabilities
 
4.5

Pension and OPEB obligations
 
1.2

Other long-term liabilities
 
0.6

Total liabilities *
 
$
21.6


*
Included in other current liabilities on our balance sheet.