Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Reconciliation of Major Classes of Assets and Liabilities of Discontinued Operations

The following table summarizes the carrying value of the major classes of assets and liabilities of discontinued operations as of December 31, 2015:



	December 31, 2015

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

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

Schedule of Reconciliation of Major Classes of Profit or Loss of Discontinued Operations

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:



	Three Months Ended June 30,					Six Months Ended June 30,
	2016		2015			2016			2015

	(in millions)
Net sales	$	—	$	382		$	78		$	755
Cost of sales	—		345			67			688
Selling, general and administrative	—		11			4			22
Amortization	—		—			—			1
Restructuring	—		1			—			2
Income from discontinued operations before income taxes and equity income	—		25			7			42
Income tax expense on discontinued operations	—		(12		)	—			(16		)
Gain on divestiture of discontinued operations, net of tax	—		285			104			285
Adjustment to prior period gain on divestiture, net of tax	—		—			(3		)	—
Impairment loss	—		—			—			(88		)
Income from discontinued operations, net of tax	—		298			108			223
Income from discontinued operations attributable to noncontrolling interests	—		3			3			7
Net income from discontinued operations attributable to Delphi	$	—	$	295		$	105		$	216