Divisions within a business that have either stopped operations due to lack of profitability or have been sold. A business may discontinue operations of a division if it loses money for the business or if it wishes to expand in other directions, among other reasons. The Financial Accounting Standards Board requires publicly-traded companies to report earnings per share of all divisions in its business, including discontinued operations. See also: Cost accounting.
A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations.