September 30, 

December 31, 

2017

2016

Carrying amounts of major classes of assets held for sale:

Accounts receivable

$

411

$

234

Inventories

432

426

Other current assets

280

117

Total current assets(1)

777

Property, plant and equipment, net

1,290

1,178

Deferred income taxes

195

143

Other noncurrent assets

137

142

Total noncurrent assets(1)

1,463

Total assets held for sale

$

2,745

$

2,240

Carrying amounts of major classes of liabilities in held for sale:

Accounts payable

$

319

$

297

Accrued liabilities

213

145

Other current liabilities

16

25

Total current liabilities(1)

467

Deferred income taxes

 —

56

Long term debt

747

 —

Other noncurrent liabilities

338

337

Total noncurrent liabilities(1)

393

Total liabilities held for sale

$

1,633

$

860

(1)

The assets and liabilities held for sale are classified as current as of September 30, 2017 because it is probable that the sale of the remaining 75% interest in Venator ordinary shares will occur and proceeds will be collected within one year.

Three months

Nine months

ended

ended

September 30, 

September 30, 

2017

2016

2017

2016

Major classes of line items constituting pretax income (loss) of discontinued operations:

Trade sales, services and fees, net

$

589

$

540

$

1,700

$

1,670

Cost of goods sold

470

496

1,421

1,566

Selling, general and administrative

54

42

128

131

Restructuring, impairment and plant closing costs

17

 8

51

32

Business separation expenses

11

 —

32

 —

Other operating income, net

(51)

(23)

(83)

(37)

Other loss (income), net

 8

 —

 9

(2)

Income (loss) from discontinued operations before income taxes

80

17

142

(20)

Income tax (expense) benefit

(17)

 7

(41)

 8

Income (loss) from discontinued operations, net of tax

63

24

101

(12)

Net income attributable to noncontrolling interests

(2)

(3)

(8)

(8)

Net income (loss) attributable to discontinued operations

$

61

$

21

$

93

$

(20)

Three months

Nine months

ended

ended

September 30, 

September 30, 

2017

2016

2017

2016

Major classes of line items constituting pretax income (loss) of discontinued operations:

Trade sales, services and fees, net

$

589

$

540

$

1,700

$

1,670

Cost of goods sold

471

498

1,424

1,571

Selling, general and administrative

54

42

128

131

Restructuring, impairment and plant closing costs

17

 8

51

32

Business separation expenses

11

 —

32

 —

Other operating income, net

(51)

(23)

(83)

(37)

Other loss (income), net

 8

 —

 9

(2)

Income (loss) from discontinued operations before income taxes

79

15

139

(25)

Income tax (expense) benefit

(17)

 7

(41)

 8

Income (loss) from discontinued operations, net of tax

62

22

98

(17)

Net income attributable to noncontrolling interests

(2)

(3)

(8)

(8)

Net income (loss) attributable to discontinued operations

$

60

$

19

$

90

$

(25)