Johnson Controls 2014 Annual Report Download - page 71
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71
The following table summarizes the carrying value of the Interiors and Global Workplace Solutions assets and liabilities held for
sale (in millions):
September 30, 2014
Global Workplace
Interiors Solutions Total
Cash and cash equivalents $ — $ 20 $ 20
Accounts receivable - net 596 723 1,319
Inventories 209 9 218
Other current assets 174 57 231
Property, plant and equipment - net 496 34 530
Goodwill 12 253 265
Other intangible assets - net 4 35 39
Investments in partially-owned affiliates 83 — 83
Other noncurrent assets 35 47 82
Assets held for sale $ 1,609 $ 1,178 $ 2,787
Short-term debt $ — $ 3 $ 3
Accounts payable 655 591 1,246
Accrued compensation and benefits 24 128 152
Other current liabilities 154 246 400
Liabilities held for sale $ 833 $ 968 $ 1,801
These divestitures could result in a gain or loss on sale to the extent the ultimate selling price differs from the carrying value of
the net assets recorded for each business. The Interiors business classified as held for sale does not meet the criteria to be classified
as a discontinued operation at September 30, 2014 primarily due to the Company's anticipated continuing involvement in these
operations following a divestiture. The Global Workplace Solutions business classified as held for sale does not meet the criteria
to be classified as a discontinued operation at September 30, 2014 primarily due to the uncertainty regarding the Company's
potential continuing involvement in these operations following a divestiture and the status of transaction negotiations.
4. INVENTORIES
Inventories consisted of the following (in millions):
September 30,
2014 2013
Raw materials and supplies $ 1,129 $ 1,086
Work-in-process 398 459
Finished goods 950 780
Inventories $ 2,477 $ 2,325