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Discontinued Operations
 12 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
3. DISCONTINUED OPERATIONS

On August 31, 2015, the Company sold substantially all of its interiors operations [“the interiors operations”]. The Company recognized a gain on the divestiture within income from discontinued operations as follows:

 

Proceeds on disposal, net of transaction costs

    $ 549  

Net assets disposed

      438  
  

 

 

  

Pre-tax gain on divestiture

      111  

Income taxes

      66  
  

 

 

  

Gain on divestiture, net of tax

    $ 45  
  

 

 

  

There were no amounts related to the interiors operations classified as discontinued operations for the year ended December 31, 2016. The following table summarizes the results of the interiors operations classified as discontinued operations for the year ended December 31, 2015:

 

     2015  

Sales

    $ 1,737  
  

 

 

  

Costs and expenses

   

Cost of goods sold

      1,635  

Depreciation and amortization

      13  

Selling, general and administrative

      58  

Equity income

      (11 ) 
  

 

 

  

Income from discontinued operations before income taxes and gain on divestiture

      42  

Income taxes

      20  
  

 

 

  

Income from discontinued operations before gain on divestiture

      22  

Gain on divestiture of discontinued operations, net of tax

      45  
  

 

 

  

Income from discontinued operations, net of tax

    $ 67  
  

 

 

  

The interiors operations were previously included within all of the Company’s reporting segments except for Rest of World.