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57
the standard on a prospective basis as of December 31, 2015. Prior period amounts have not been adjusted to reflect this
presentation. The standard reduces the complexity in the preparation of the income tax provision and simplifies the presentation
of the deferred taxes in our consolidated balance sheet.
2. Discontinued Operations
On October 27, 2014, the Company completed the sale of its Enterprise business to Zebra Technologies Corporation
("Zebra") for $3.45 billion in cash. Certain assets of the Enterprise business were excluded from the transaction and retained by
the Company, including the Company’s iDEN business. The historical financial results of the Enterprise business, excluding
those assets and liabilities retained in the transaction, are reflected in the Company's consolidated financial statements and
footnotes as discontinued operations for all periods presented.
The following table displays summarized activity in the Company’s consolidated statements of operations for discontinued
operations during the years ended December 31, 2015, 2014, and 2013.
Years ended December 31 2015 2014 2013
Net sales $—$1,904$2,469
Operating earnings —203 268
Gains (losses) on sales of investments and businesses, net (24) 1,888 3
Earnings (loss) before income taxes (24) 2,074 266
Income tax expense 678 100
Earnings (loss) from discontinued operations, net of tax (30) 1,996 166
During the year ended December 31, 2015, the Company recorded adjustments to the gain on the sale of the Enterprise
business, including additional tax expense on the sale of the Enterprise business to reflect actual amounts filed in the income tax
return. During the year ended December 31, 2015, the Company also settled the working capital true-up with Zebra for $12
million.
3. Other Financial Data
Statement of Operations Information
Other Charges (Income)
Other charges (income) included in Operating earnings (loss) consist of the following:
Years ended December 31 2015 2014 2013
Other charges (income):
Intangibles amortization $8$4$1
Reorganization of businesses 77 64 70
Legal settlement —8—
Non-U.S. pension curtailment gain (32) ——
Settlement of pension plan —1,917 —
Impairment of corporate aircraft 31 ——
Gain on sale of building and land —(21) —
$84$1,972$ 71