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DISCONTINUED OPERATIONS (Tables) | 3 Months Ended
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Mar. 31, 2018
Major Component of Discontinued Operations, Net of Tax | The major components of Discontinued operations, net of tax presented in the Condensed Consolidated Statements of Operations are presented below. The results include the operations of the businesses sold up to the dates of sale.
|  | First Quarter |
(In millions) |  | 2018 |  |  | 2017 |
Sales |  | $ | 94 |  |  | $ | 168 |
Cost of goods sold and occupancy costs |  |  | 72 |  |  |  | 136 |
Operating expenses |  |  | 17 |  |  |  | 27 |
Restructuring charges |  |  | — |  |  |  | 1 |
Other income (expense), net |  |  | (2 | ) |  |  | 1 |
Net (increase) reduction of loss on discontinued operations held for sale |  |  | (1 | ) |  |  | 38 |
Net loss on sale of discontinued operations |  |  | 1 |  |  |  | — |
Income tax expense (benefit) |  |  | (7 | ) |  |  | 1 |
Discontinued operations, net of tax |  | $ | 8 |  |  | $ | 42 |
Assets and liabilities of discontinued operations presented in the Condensed Consolidated Balance Sheets as of March 31, 2018, and December 30, 2017 are included in the following table. The sale of the business in Australia was completed in February 2018, and therefore the assets and liabilities of this business are not included in the March 31, 2018 period presented below.
(In millions) |  | March 31, 2018 |  |  | December 30, 2017 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 37 |  |  | $ | 14 |
Receivables, net |  |  | 26 |  |  |  | 64 |
Inventories |  |  | 31 |  |  |  | 78 |
Prepaid expenses and other current assets |  |  | 1 |  |  |  | 4 |
Property and equipment, net |  |  | 14 |  |  |  | 31 |
Other assets |  |  | 2 |  |  |  | 3 |
Valuation allowance |  |  | (13 | ) |  |  | (55 | )
Current assets of discontinued operations |  | $ | 98 |  |  | $ | 139 |
Liabilities |  |  |  |  |  |  |  |
Trade accounts payable |  | $ | 15 |  |  | $ | 38 |
Accrued expenses and other current liabilities |  |  | 10 |  |  |  | 24 |
Deferred income taxes and other long-term liabilities |  |  | 2 |  |  |  | 5 |
Current liabilities of discontinued operations |  | $ | 27 |  |  | $ | 67 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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