An annual report for Eastman Kodak reported that the balance of property, plant, and equipment at the end of the current year was \(\$ 6,805\) million. At the end of the previous year, it had been \(\$ 7,327\) million. During the current year, the company bought \(\$ 254\) million worth of new equipment. The balance of accumulated depreciation at the end of the current year was \(\$ 5,254\) million and \(\$ 5,516\) million at the end of the previous year. Depreciation expense for the current year was \(\$ 500\) million. The annual report did not disclose any gain or loss on the disposition of property, plant, and equipment, so you may assume that the amount was zero.

Required:

What amount of proceeds did Eastman Kodak receive when it sold property, plant, and equipment during the current year? (Hint: Set up T-accounts.)