NIKE INC | 2013 | FY | 3

Summarized results of the Company's discontinued operations are as follows:
 
 
Year Ended May 31,
(In millions)
 
2013
 
2012
 
2011
Revenues
 
$
523

 
$
796

 
$
746

Income (loss) before income taxes
 
108

 
(43
)
 
(18
)
Income tax expense (benefit)
 
87

 
3

 
21

Net income (loss) from discontinued operations
 
$
21

 
$
(46
)
 
$
(39
)

As of May 31, 2013 and 2012, the aggregate components of assets and liabilities classified as discontinued operations and included in current assets and current liabilities consisted of the following:
 
 
As of May 31,
(In millions)
 
2013
 
2012
Accounts Receivable, net
 
$
—

 
$
148

Inventories
 
—

 
128

Deferred income taxes and other assets
 
—

 
35

Property, plant and equipment, net
 
—

 
70

Identifiable intangible assets, net
 
—

 
234

 TOTAL ASSETS
 
$
—

 
$
615

Accounts payable
 
$
1

 
$
42

Accrued liabilities
 
17

 
112

Deferred income taxes and other liabilities
 
—

 
16

TOTAL LIABILITIES
 
$
18

 
$
170

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