(Learning Objective 4: Determining the sale price of property and equipment) Wilson Corporation reported the following for property and equipment (in millions, adapted):

During 20X7, Wilson paid $2,510 million for new property and equipment. Depreciation for the year totaled $1,546 million. During 20X7, Wilson sold property and equipment for cash of $48 million. How much was Wilson’s gain or loss on the sale of property and equipment during 20X7?