Discontinued Operations (Tables)

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



	December 31, 2015		December 31, 2014

	(in millions)
Cash and cash equivalents	$	44	$	45
Accounts receivable, net	79		228
Inventories, net	17		91
Property, net	74		322
Investments in affiliates	—		130
Intangible assets, net	1		18
Other assets	8		61
Total assets of the discontinued operations classified as held for sale	$	223	$	895

Accounts payable	$	97	$	303
Accrued liabilities	27		53
Other liabilities	6		35
Total liabilities of the discontinued operations classified as held for sale	$	130	$	391

A reconciliation of the major classes of line items constituting pre-tax 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:



	Year Ended December 31,
	2015			2014			2013
	(in millions)
Net sales	$	914		$	1,524		$	1,412
Cost of sales	828			1,379			1,293
Selling, general and administrative	27			45			47
Amortization	1			7			7
Restructuring	3			4			8
Other income and expense items that are not major, net	—			1			—
Income from discontinued operations before income taxes and equity income	55			90			57
Income tax expense on discontinued operations	(10		)	(27		)	(16		)
Equity (loss) income from discontinued operations, net of tax	(1		)	(3		)	19
Gain on divestiture of discontinued operations, net of tax	318			—			—
Impairment loss	(88		)	—			—
Income from discontinued operations, net of tax	274			60			60
Income from discontinued operations attributable to noncontrolling interests	12			18			18
Net income from discontinued operations attributable to Delphi	$	262		$	42		$	42