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

Year End

20X6

20X5

Property and equipment

$24,074

$22,017

Accumulated depreciation

(13,304)

(12,080)

During 20X6, FedEx paid $2,518 million for new property and equipment. Depreciation for the year totaled $1,548 million. During 20X6, FedEx sold property and equipment for cash of $64 million. How much was FedEx’s gain or loss on the sale of property and equipment during 20X6?