Discontinued Operations (Tables)

The following table summarizes the carrying value of the major classes of assets and liabilities of discontinued operations:



	June 30, 2015		December 31, 2014

	(in millions)
Cash and cash equivalents	$	64	$	45
Accounts receivable, net	76		228
Inventories, net	23		91
Property, net	73		322
Investments in affiliates	41		130
Intangible assets, net	1		18
Other assets	8		61
Total assets of the discontinued operations classified as held for sale	286		895
Other assets classified as held for sale	30		—
Total assets held for sale	$	316	$	895

Accounts payable	$	95	$	303
Accrued liabilities	11		53
Other liabilities	7		35
Total liabilities of the discontinued operations classified as held for sale	113		391
Other liabilities classified as held for sale	60		—
Total liabilities held for sale	$	173	$	391

A reconciliation of the major classes of line items constituting pretax profit or loss of discontinued operations to income from discontinued operations, net of tax as presented in the consolidated statements of operations is as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014

	(in millions)
Net sales	$	382		$	389		$	755		$	768
Cost of sales	345			349			688			693
Selling, general and administrative	11			11			22			24
Amortization	—			2			1			4
Restructuring	1			1			2			2
Other income and (expense) items that are not major, net	—			—			—			1
Income from discontinued operations before income taxes and equity income	25			26			42			46
Income tax expense on discontinued operations	(12		)	(6		)	(16		)	(12		)
Equity income from discontinued operations, net of tax	—			7			—			8
Gain on divestiture of discontinued operations, net of tax	285			—			285			—
Impairment loss	—			—			(88		)	—
Income from discontinued operations, net of tax	298			27			223			42
Income from discontinued operations attributable to noncontrolling interests	3			5			7			10
Net income from discontinued operations attributable to Delphi	$	295		$	22		$	216		$	32