At December 31, DePaul Corporation had a $12 million balance in its deferred tax asset account and a $36 million balance in its deferred tax liability account. The balances were due to the following cumulative temporary differences:

1. Estimated warranty expense, $20 million: expense recorded in the year of the sale; tax-deductible when paid (one-year warranty).
2. Depreciation expense, $130 million: straight-line in the income statement; MACRS on the tax return.
3. Income from installment sales of properties, $50 million: income recorded in the year of the sale; taxable when received equally over the next five years.
4. Rent revenue collected in advance, $40 million; taxable in the year collected; recorded as income when the performance obligation is satisfied in the following year.

Required: Assuming DePaul will show a single noncurrent net amount in its December 31 balance sheet, indicate that amount and whether it is a net deferred tax asset or liability. The tax rate is 20%. Determine the deferred tax amounts to be reported in the December 31 balance sheet. The tax rate is 20%. (Enter your answers in millions.)

Net deferred tax liability =